😱🚀🚀Analyst: Dogecoin Enters New Trend Set That Will Raise Its Price to $0.3
Amid the recent momentum of the meme-inspired cryptocurrency #Dogecoin (#DOGE ), cryptocurrency trader and analyst Rekt Capital has identified a new trend that could push the DOGE's price to the $0.3 price level in the short term.
Dogecoin (DOGE) Starts a New Macro Uptrend
Over the past few weeks, Dogecoin has performed quite well and triggered optimism and expectations for further price increases. Therefore, the world's best currency in terms of overall market valuation has always led to controversy in the industry.
According to Rekt Capital, DOGE's recent price increase has resulted in the end of the Macro Downtrend. However, this break triggered the DOGE towards a new Macro Upward trend in the upward direction.
In addition, DOGE Monthly will recapture historical support if it closes above the red October price level of $0.20. As a result, it will provide further impetus for a move towards the $0.30 December and even further.
The post is as follows:
Dogecoin has ended the Macro Downtrend and started a new Macro Uptrend. If the DOGE Monthly Closing occurs above the red ~$0.20 level, it may regain historical support, which could offer more fuel for a move towards the $0.30+ area.
It is worth noting that it took less than two weeks for Dogecoin to break out of the macro downtrend after entering the zone. Rekt Capital pointed out that the crypto asset has successfully re-tested its support after breaking the macro downtrend two weeks ago.
During this period, the analyst underlined that DOGE is still in the re-testing phase due to the fact that the cryptocurrency is still in decline. Moreover, the meme coin was moving sideways in a new macro December, which it called black-red, between about $0.12 and $0.20 Dec.
Before the explosion, Rekt Capital had stated that DOGE had taken all the necessary steps to confirm the new macro uptrend. Given that the token has broken strong resistances, it may be heading towards a new peak in this cycle.
