Dogecoin is expected to see huge gains in the coming weeks
As optimism about Dogecoin continues to grow, veteran cryptocurrency expert and investor trader Tardigrade has declared that the meme coin is gearing up for its next big rally. Trader Tardigrade shared his prediction on the X (formerly Twitter) platform, which has created a stir in the Dogecoin community.
Trader Tardigrade cited a key pattern on the 4-hour timeframe of Dogecoin’s relative strength index (RSI). According to the analyst, this key indicator provides early signs of a continued uptrend for Dogecoin, allowing the digital asset to reach higher highs.
As DOGE prepares for its next significant surge, trader Tardigrade anticipates two major price jumps in the short term, indicating confidence in the asset's short-term outlook.
For the first major surge, experts have set the next target at the $2 price level. Meanwhile, if history repeats itself, the second surge could trigger a rise to the $20 threshold. Therefore, analysts believe that the bull market for DOGE has just begun and note that it is still too early to capitalize on the upward trend.
Is the market top for DOGE arriving faster than expected?
Cryptocurrency analyst Dima James Potts suggests that the market top for Dogecoin seems to be closer than generally expected.
With signs of a recovery in the overall cryptocurrency market, Dogecoin may leverage this new momentum to achieve further gains in the coming days.
Where is the key price level for Dogecoin?
Now that Dogecoin has broken through the consolidation zone, it has encountered resistance between $0.41 and $0.42. If this resistance persists, Dogecoin may oscillate between $0.35 and $0.42 until new buying pressure pushes it higher.
Key resistance levels include $0.41, $0.42, and $0.4329, while support levels may be around $0.36 and $0.25. If these support levels are breached, Dogecoin's bullish trend may fail and turn bearish.
