Cryptocurrency analyst Master Kenobi has made a bold prediction within two days about Dogecoin's price, claiming it will reach a new all-time high (ATH) in the next two days. The analyst emphasized Dogecoin's Relative Strength Index (RSI), which he believes is very optimistic for this meme coin at the moment.
Dogecoin price will hit ATH in two days
In a post on X, Master Kenobi predicts that Dogecoin's price could reach a new ATH in two days. The analyst claims that Dogecoin's 4-hour RSI chart seems to confirm his fractal setup. Based on this, he remarks that the upward momentum is likely to reach $0.85 by November 25, marking a new ATH for the leading meme coin.
Master Kenobi further added that some may even identify the potential bullish divergence in the RSI chart. Such a pattern also demonstrates a bullish outlook for Dogecoin's price, suggesting this meme coin will witness an upward bullish reversal. This bullish reversal has already occurred, as DOGE successfully broke above the $0.4 level.
Notably, cryptocurrency analyst Trader Tardigrade has highlighted the bullish divergence on the 4-hour RSI chart. The analyst notes that this signal suggests a continuation of the upward trend in Dogecoin's price volatility. His accompanying chart shows that DOGE could reach $0.7 in the next price surge. This would bring the meme coin close to its ATH of $0.73.
Meanwhile, even if Dogecoin does not reach a new ATH on November 25, another analysis by Master Kebobi suggests that this could happen on December 2. The analyst previously highlighted the 91-day streak that he noted Dogecoin is about to complete, suggesting it would lead to a price surge to $1 on December 2.
Next resistance level to watch
With Dogecoin's price successfully surpassing the $0.4 level, cryptocurrency analyst Kevin Capital has provided insights into the next resistance level to watch. In a post on X, he noted that Dogecoin is breaking above the macro Fib .786 level. He added that the next resistance level is $0.54, followed by the current ATH of the meme coin at $0.73.
Cryptocurrency analyst Javon Marks also confirmed that a price surge to the current ATH for Dogecoin is in sight. In a post on X, he stated that Dogecoin is soaring to $0.6533 and may break that level as it reaches its target. He added that the surge of 52.2% to $0.6533 could happen quickly, and a price surge to $1.25 would occur when that happens.
At the time of writing, Dogecoin's price is trading at around $0.46, up more than 16% in the past 24 hours, according to data from CoinMarketCap.