Dogecoin, the iconic meme cryptocurrency, is garnering significant attention with predictions of a major price rally. Crypto analyst Master Kenobi has forecasted that Dogecoin could reach a new all-time high (ATH) within the next two days, driven by positive signals from its Relative Strength Index (RSI). According to him, this surge could push DOGE’s price to $0.85 by November 25.
Master Kenobi observed that Dogecoin’s 4-hour RSI chart reflects a promising fractal setup, signaling a bullish reversal. This prediction gained momentum as DOGE successfully surpassed the $0.40 level. Another analyst, Trader Tardigrade, supports this outlook, highlighting that a bullish divergence on the RSI suggests a continued upward trend, with a near-term target of $0.70.
While the ATH may not materialize this week, Master Kenobi remains optimistic that Dogecoin is completing a crucial 91-day cycle, potentially driving the price to $1 by December 2. This sentiment is echoed by analysts like Kevin Capital and Javon Marks. Kevin noted that DOGE is currently breaking past a significant macro Fibonacci level at 0.786, with the next resistance levels at $0.54 and the current ATH of $0.73.
Javon Marks also predicts that Dogecoin could surge to $0.6533 in the short term before rallying to $1.25 in subsequent waves. He emphasizes that a more than 50% increase is feasible if DOGE breaches its current resistance levels.
At the time of writing, Dogecoin is trading at around $0.46, reflecting a 16% gain over the past 24 hours. With analysts expressing such optimism, the crypto community eagerly awaits to see if Dogecoin can break through and achieve these new milestones.
