Dogecoin Price to Match XRP Rally?
Based on this, Dogecoin may pull an XRP rally and see enormous increases like XRP has in recent weeks. Dogecoin rallied similarly last month. DOGE gained 161% in November after a parabolic rise.
Since then, Dogecoin has steadied around $0.4, but it seems set for another rise. Canfield's chart indicates Dogecoin's next move might exceed $0.48. The 1.618 and 2.618 Fibonacci levels are at $0.55 and $0.66, respectively, so look out for them.
DOGE About To Make A Big Move
Crypto expert Master Kenobi recently predicted a significant surge in Dogecoin, claiming it may mimic XRP's gain. Master Kenobi forecasted a huge shift by comparing Dogecoin's price activity to the previous cycle.
The crypto researcher highlighted that the last cycle required 25 days of consolidation before a major breakthrough. If history repeats, he thinks the Dogecoin price is about to make a big move after consolidating after its early November rise.
Master Kenobi stated the Dogecoin price is on day 21 of this consolidation, thus the pump might come in three to four days. The crypto analyst did not set objectives for this leg up. His accompanying chart predicted Dogecoin might eventually reach $1 and rise to $2.9.
This $2.9 aim might be Dogecoin's market cycle high, since Master Kenobi forecasted a $3 peak. He said any aim over $5 in this market cycle is unreasonable.
According to CoinMarketCap, Dogecoin is trading at $0.42, up in the previous 24 hours.
