DOGE To The Moon: This Dogecoin Metric Just Turned Bullish For The First Time Since 2020
13 Junho 2024 - 9:05PM
NEWSBTC
Dogecoin (DOGE) is again in the spotlight as the foremost meme coin
could be ready for takeoff. This follows crypto analyst Kevin’s
(formerly Yomi OG) analysis of Dogecoin, in which he highlighted an
important indicator that has turned bullish for the crypto
token. Dogecoin Indicator Turns Green For The First Since
2020 Kevin mentioned in an X (formerly Twitter) post that the
12-day time frame on the Gaussian channel just recently flipped
green on Dogecoin’s chart for the first time since December 2020.
He claimed that this indicates a “potential strong bullish trend”
is on the cards for the meme coin in the coming months. Related
Reading: Historical Trends Suggest Shiba Inu Price Will Rally
1,000% To $0.00024, Analyst Reveals When Kevin added that this
indicator has never failed in indicating these trend changes,
suggesting that Dogecoin has indeed undergone a bullish
reversal. In another X post, Kevin claimed that Dogecoin has
looked much stronger than most altcoins throughout this period,
during which the crypto market has continued to bleed and trade
sideways. He added that Dogecoin will likely move into the golden
pocket at the $0.26 to $0.33 range if it can stay above the Macro
0.382 FIB and the blue support zone on the weekly time frame.
Kevin also provided another bullish narrative for Dogecoin in
another X post. Looking at the four-hour time frame chart, he
highlighted a deviation back into the larger symmetrical triangle,
which he claimed is a “bullish sign.” He stated that Dogecoin
getting back above key moving averages will be important. He also
added that he expects the foremost meme coin to test the $0.175
price level at some point, as there is a lot of liquidity in that
price range. The crypto analyst also hammered on liquidity at that
price area. He claimed there is a “very big block of liquidity” at
the $0.175 level, looking at the 3-month time frame. Additionally,
he said that most of the liquidity beyond that level is between the
$0.20 to $0.23 range. This is bullish for Dogecoin, as Kevin noted
that market makers like to move where the liquidity is, and it is
definitely higher for Dogecoin at the moment. DOGE’s Next
Move Crypto analyst CrediBULL Crypto recently mentioned that
Dogecoin has reached a ‘make it or break it’ level. He, however,
seemed confident that Dogecoin could experience an upward trend
from its current price level, noting that the meme coin had reached
this ‘make it or break it’ level when Bitcoin hit its range lows.
As such, he expects Dogecoin to enjoy a price rebound if the
flagship crypto experiences a bullish reversal. Related
Reading: Famous Analyst Dave The Wave Says Bitcoin Still Has Wiggle
Room, Sets $300,000 Target Meanwhile, crypto analyst Crypto Daily
has made a short-term bullish forecast for DOGE. He predicted that
Dogecoin would rise to between $0.33 and $0.35 soon. The analyst
added that a daily close above $0.18308 could lead to further gains
up to $0.57 for Dogecoin.
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024