$DOGE

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This is not financial advice! Investments are made at your own risk.

Based on the charts (weekly, daily, and 4-hour view) as well as the assumption that we are in a bull market and at the beginning of the altcoin season, a potential price forecast for Dogecoin (DOGE) can be formulated.


If you want other coins analyzed, write it in the comments.

Analysis of current market conditions:

  1. Long-term weekly chart:

    • The weekly chart shows a significant bullish movement towards a resistance area at around $0.45.

    • The Relative Strength Index (RSI) in the weekly chart is at 66, indicating bullish momentum but close to an overbought zone.

    • There is room for further growth as historical highs (ATH) are near $0.70-0.75.

  2. Daily chart:

    • The price has stabilized in a bullish structure, with clear higher highs and higher lows.

    • The RSI in the daily chart is around 60, which means the price still has further upward potential before entering a strongly overbought zone.

    • The price is approaching a resistance area around $0.40-0.45, which could present a short-term hurdle.

  3. 4-hour chart:

    • Short-term, the 4-hour chart shows slight consolidation, but the bullish momentum remains intact.

    • RSI in the 4-hour chart indicates a possible short-term correction before the upward trend continues.

Forecast:

  1. Short-term target areas (1–2 weeks):

    • Resistance at $0.45: The price is expected to test this area. If a breakthrough occurs, DOGE could quickly rise to $0.50.

    • Support: The price should hold the support at around $0.35. A break below could jeopardize the bullish trend in the short term.

  2. Medium-term target areas (1–2 months):

    • $0.55–0.65: Once the resistance at $0.45 is broken, DOGE could rise towards $0.55–0.65 with increasing altcoin momentum. This would align with the historical bullish market movement during altcoin seasons.

    • The volume and market interest during altcoin seasons could drive DOGE towards its all-time high ($0.70–0.75).

  3. Long-term perspective (until the end of the bull market):

    • If the momentum of the altcoin season remains strong and the bull market intensifies, DOGE could reach prices of $0.80–1.00.

    • Such movements would only be possible if the entire cryptocurrency market continues to grow strongly and Dogecoin remains a popular asset among altcoins.

Conclusion:

  • Short-term: Test resistance at $0.45, short-term support at $0.35.

  • Medium term: Target area at $0.55–0.65.

  • Long-term: Potential test of the all-time high and outlook for $0.80–1.00 under optimal market conditions.

It is important to continue monitoring the price development, especially the volume and strength of the resistance at $0.45, as this is crucial for the further movement.