Dogecoin is about to hit $0.5?
Dogecoin, maybe the next step will be 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 wobbled between $0.35 and $0.48 for a month. Recently, the price has pulled back a bit, even breaking below the upward trend line, looking like it might turn bearish.
However, an analyst mentioned that based on those key technical indicators, and a pattern that has been repeating since March 2024, Dogecoin might start to rise again.
Moreover, this upward momentum could come at any time. Although it fell 16% this week, a cryptocurrency analyst called Trader Tardigrade said that Dogecoin's daily RSI overbought signal has been reset.
RSI overbought means that everyone might be looking to sell cryptocurrencies, which could lead to a short-term price drop.
However, in the long run, Dogecoin is still in an upward trend. It might first drop to between $0.32 and $0.34, gather some liquidity, and then push for a new high. You see, on November 26, Dogecoin fell to $0.365, but the lower liquidity points are still at $0.34 and $0.32.
Remember back in March 2024, it was the same wave of upward momentum, first dropping to lows of $0.12 and $0.10, before continuing to rise.
For the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, expecting a space of more than 10 times is not a problem. If you want to make big money in the bull market, like + comment, and I will help you layout the entire bull market!
