Crypto analyst Master Kenobi has made a bold two-day prediction for Dogecoin price, saying that it will hit a new all-time high (ATH) in the next two days. The analyst highlighted Dogecoin’s Relative Strength Index (RSI), which he believes is currently very bullish for the meme coin.
Dogecoin price to reach ATH in two days
In the X post, Master Kenobi predicted that Dogecoin price could reach a new ATH in two days. The analyst said that the 4-hour RSI chart of Dogecoin seems to confirm his fractal setup. Based on this, he commented that the upswing could reach $0.85 by November 25, marking a new ATH for the most important meme coin.
Master Kenobi added that some may even identify a potential bullish divergence in the RSI chart. This pattern also provides a bullish outlook for Dogecoin price, suggesting that the memecoin will witness a bullish reversal to the upside. This bullish reversal has already occurred as DOGE has managed to break above $0.4.
It is worth mentioning that cryptocurrency analyst Trader Tardigrade highlighted a bullish divergence on the 4-hour RSI chart. The analyst noted that the signal points to an upward trend continuation in Dogecoin price action. His accompanying chart shows that DOGE could reach $0.7 in the next leg up. This would bring the memecoin close to its ATH of $0.73.
Meanwhile, even if the Dogecoin price doesn’t reach a new ATH before November 25, another analysis from Master Kebobi suggests that it could happen before December 2. The analyst previously highlighted a 91-day sequence that he said Dogecoin was about to complete and suggested would lead to a price rally to $1 before December 2.
Next resistance level to watch out for
As the Dogecoin price successfully broke through $0.4, cryptocurrency analyst Kevin Capital provided insights into the next resistance level to watch out for. In an X post, he noted that Dogecoin is breaking through the macro .786 Fibonacci level. He added that the next resistance level is $0.54, followed by the memecoin’s current ATH of $0.73.
Cryptocurrency analyst Javon Marks also confirmed that a rally in Dogecoin price to the current ATH is just around the corner. In the X post, he stated that Dogecoin is surging to $0.6533 and could break through that level once it reaches the target. He added that a 52.2% price surge to $0.6533 could happen soon and once that happens, a rally to $1.25 would follow.
