Crypto Analyst Reveals Why $0.087 Is A Key Profitable Level To Watch For Dogecoin
11 Janeiro 2024 - 4:00PM
NEWSBTC
Crypto analyst Skew has highlighted a particular price level for
Dogecoin (DOGE), which could turn profits for those invested in the
meme coin. He also shared his thoughts on price levels to keep an
eye on when positioning for entry in anticipation of an uptrend for
DOGE. $0.087 Is The Dogecoin Price Level To Watch Out For Analyzing
the daily Dogecoin chart, Skew hinted that there is a better
risk-reward above $0.08750 for those who might be looking to get in
on the meme coin. The analyst seemed to have a strong conviction
about that price level as he made this comment despite noting that
there was still a huge HTF range developing on the chart.
Related Reading: Renowned Finance Author Says Bitcoin Price Is
Headed For $150,000, Reveals Catalyst Meanwhile, the analyst also
highlighted other critical price levels to watch out for. These
levels could paint a bullish momentum for the meme coin. He stated
that he would be looking for a higher high above the December 2022
high of $0.11 and a higher low around $0.0094 or Doge’s peak in
December 2023 when it rose to $0.10. Considering that
DOGE has for a long time maintained a relatively tepid price
movement, the meme coin hitting these price levels will mean that a
significant rally could be underway. Going by crypto analyst
Jaydee’s prediction, this rally could come once there is an ASO
(Average Sentiment Oscillator) cross on the charts. Jaydee
highlighted that as one of the three things that occur before the
meme coin makes a significant move to the upside. This indicator
seems to be the only thing that hasn’t occurred among the three, as
the analyst had mentioned then that other indicators have been
checked. DOGE price at $0.084 | Source: DOGEUSD on
Tradingview.com “DOGE To $1 Isn’t A Meme” Max Schwartzman, the CEO
of the crypto analysis platform Because Bitcoin also recently
shared a bullish narrative for the foremost meme coin. He hinted
that Dogecoin could rise to as high as $1 once Bitcoin breaks its
all-time high (ATH) of $68,700. Based on historical patterns, he
further suggested that DOGE could see more moves to the upside as
Bitcoin pressures its ATH. Related Reading: XRP Whales Make
Big Moves Amid Market Volatility Schwartzman also made a case for
the PEPE token. With DOGE rising to as high as $1, he suggested
that PEPE could also see a 100x gain. The analyst had previously
drawn out striking similarities between both meme coins, with PEPE
likely to enjoy a similar run as the Dogecoin did during its
breakout year in 2021. Indeed, PEPE could begin to enjoy
significant price gains as attention turns to the Ethereum
ecosystem. Crypto analyst Crypto Kaleo once mentioned that he sees
the meme coin printing new ATHs as ETH starts to move. Featured
image from 36Crypto, chart from Tradingview.com
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