Dogecoin ATH Incoming? Analyst Issues 2-Day Price Forecast

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As a seasoned crypto investor with over a decade of experience in this dynamic market, I’ve learned to approach predictions with a healthy dose of skepticism, but also with an open mind. Master Kenobi’s assertion about Dogecoin hitting a new ATH in two days is intriguing, to say the least. His analysis based on the RSI chart and fractal setup does seem compelling, and if correct, it could indeed be a lucrative opportunity.

Prediction by renowned cryptocurrency expert Master Kenobi: Dogecoin could achieve a fresh record high within the upcoming two days, according to his assessment. He emphasized that the current Relative Strength Index (RSI) of Dogecoin presents a highly optimistic outlook for the popular meme coin at present.

Dogecoin Price To Reach ATH In Two Days

As a researcher delving into the world of cryptocurrencies, I recently came across Master Kenobi’s post predicting a potential new All-Time High (ATH) for Dogecoin in just two days. His analysis suggests that the 4-hour Relative Strength Index (RSI) chart supports his fractal setup hypothesis. In simpler terms, this means that the graphical representation of Dogecoin’s price action over the past four hours seems to be mirroring a pattern from a previous time frame, which could indicate a significant price increase.

Kenobi, the Master, pointed out a possible bullish divergence appearing in the RSI chart. This pattern suggests a positive forecast for Dogecoin’s price, implying that the meme coin could experience an upward trend or reversal. Indeed, the upward trend seems to be underway, as DOGE has managed to surpass $0.4 and move higher.

It is worth mentioning that crypto analyst Trader Tardigrade highlighted a bullish divergence on the 4-hour RSI chart. The analyst noted that this signal indicates an uptrend continuation in the Dogecoin price movement. His accompanying chart showed that DOGE could reach $0.7 on its next leg up. This will bring the meme coin close to its ATH of $0.73. 

While Dogecoin’s price may not reach a new all-time high by November 25, an analysis from Master Kebobi indicates that it could still happen as early as December 2. This prediction is based on a 91-day pattern that the analyst believes Dogecoin is nearing completion of, which he expects will trigger a price surge towards $1 by December 2.

The Next Resistance Level To Watch Out For 

After Dogecoin’s price surpassed $0.4, crypto analyst Kevin Capital shared his predictions for the next significant barrier to focus on. In a recent post, he highlighted that Dogecoin is moving beyond the macro Fibonacci level of .786. He further mentioned that the upcoming resistance is expected at $0.54, and if it manages to surpass this, its current all-time high (ATH) at $0.73 becomes the next target.

According to crypto expert Javon Marks, posted on X, Dogecoin is expected to reach its all-time high (ATH) price. He stated that the price of Dogecoin is on an upward trend towards approximately $0.6533, and once this level is reached, it could potentially break through this point. Furthermore, he mentioned that a sudden 52.2% increase to $0.6533 might occur swiftly, and if this happens, the price could potentially surge even higher, up to $1.25.

Currently, as I’m typing this, the value of Dogecoin is approximately $0.46 per coin, and it has increased by more than 16% within the past day, based on information from CoinMarketCap.

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2024-11-24 13:16