Is Dogecoin going to hit $0.5?
Dogecoin, maybe the next step is to rise to $0.5, or even higher, especially when the old rules of historical prices no longer apply.
Do you remember back in early November, Dogecoin surged 208% in one go, and then fluctuated between $0.35 to $0.48 for a month. Recently, the price has pulled back a bit and broke below the upward trend line, looking like it might turn down.
However, an analyst mentioned that based on those key technical indicators and a repeating pattern that has been happening since March 2024, Dogecoin might be starting to rise again.
And this upward momentum could come at any time. Although it dropped 16% this week, a cryptocurrency analyst named Trader Tardigrade said that Dogecoin's daily RSI overbought signal has been reset.
RSI overbought means that everyone might sell their cryptocurrencies, which results in a price drop in the short term.
However, in the long term, Dogecoin is still on the rise. It may first drop to between $0.32 and $0.34 to gather some liquidity, and then surge to new highs. Look, on November 26, Dogecoin dropped to $0.365, but lower liquidity points are still at $0.34 and $0.32.
Remember back in March 2024, it was the same kind of upward trend, first dropping to lows of $0.12 and $0.10, before continuing to rise.
As for the next layout direction, I will guide everyone to aim for lucrative opportunities in altcoins, especially those with high potential projects, where an expected growth of over 10 times is not a problem. If you want to make big money during the bull market, like + comment, and I'll take you through the entire bull market!
