Dogecoin Sets Stage For New Breakout
The post Dogecoin Sets Stage For New Breakout appeared on BitcoinEthereumNews.com. Dogecoin is hovering near the previous peak and could reverse its decline as the bullish momentum continues. In the past month, whales have purchased more than $11 billion worth of DOGE. Many analysts think the price may rise to more than $0.95 if historical patterns are repeated. Dogecoin is sending positive indications, supported by repeated chart patterns and robust long-term forecasts. Trader Tardigrade believes that Dogecoin is currently retracing an established uptrend pattern that has historically driven strong price returns. History appears to be repeating itself, as it did in 2017, which points to a potential resurgence in DOGE like the one seen in 2021 during the current period of price consolidation. Tardigrade predicts that the consolidation period will be short-lived before a decisive break above resistance leads to a rally toward the $0.40 range. Dogecoin’s surge in May hints that higher prices could be on the horizon. Increasing participation on-chain and throughout the network aligns with a bullish outlook. A different analyst, Bitcoinsensus, remarked that DOGE was showing evidently erratic price movements on the weekly chart. With each successive wave, Dogecoin has risen in value more than it did in the last wave. He noted, “The next projected target for $DOGE is 0.95$.” $DOGE BULL FLAG CYCLES : On the weekly time-frame, Dogecoin has been moving in impulsive waves to the upside
The post Dogecoin Sets Stage For New Breakout appeared on BitcoinEthereumNews.com.
Dogecoin is hovering near the previous peak and could reverse its decline as the bullish momentum continues. In the past month, whales have purchased more than $11 billion worth of DOGE. Many analysts think the price may rise to more than $0.95 if historical patterns are repeated. Dogecoin is sending positive indications, supported by repeated chart patterns and robust long-term forecasts. Trader Tardigrade believes that Dogecoin is currently retracing an established uptrend pattern that has historically driven strong price returns. History appears to be repeating itself, as it did in 2017, which points to a potential resurgence in DOGE like the one seen in 2021 during the current period of price consolidation. Tardigrade predicts that the consolidation period will be short-lived before a decisive break above resistance leads to a rally toward the $0.40 range. Dogecoin’s surge in May hints that higher prices could be on the horizon. Increasing participation on-chain and throughout the network aligns with a bullish outlook. A different analyst, Bitcoinsensus, remarked that DOGE was showing evidently erratic price movements on the weekly chart. With each successive wave, Dogecoin has risen in value more than it did in the last wave. He noted, “The next projected target for $DOGE is 0.95$.” $DOGE BULL FLAG CYCLES : On the weekly time-frame, Dogecoin has been moving in impulsive waves to the upside
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