š„š„Dogecoin Price Prediction: Are DOGE Bull Whales ready to hit the scene?
The price of #DOGE is consolidating in a narrow trading December around $ 0.20. This is a very important psychological level that existence exceeded two weeks ago. The last time DOGE rose above this level was in November 2021.
In terms of metrics, DOGE is throwing up mixed numbers. On a monthly scale, the price increased by 20%, but since 24-hour trading volumes on the exchanges were also in the red, the market capitalization fell to $ 29 billion, from $ 2.2 billion to 9%.
#Dogecoinā¬ā© Is 'Following the Planā
Despite the consolidation, analysts believe the DOGE's next bull run will start sooner rather than later.
The famous cryptotrader Rekt Capital suggests that the primary memecoin is undergoing a re-test phase at $0.20 per month.
The analyst pointed out a downward wick displayed on the monthly chart, which means a retesting of a bullish flag pattern in the weekly time frame.
The analyst had previously warned about volatility around $ 0.20. A successful break above such an important level will mean more upside potential, more specifically above $0.30. Other market watchers, such as Mikybull Crypto, share equally bullish views.
Rekt Capital is not the only analyst predicting a bullish move for DOGE. While the father of all memecoins is consolidating, traders are predicting a price above $ 1, as the coin reflects previous cycles.
As reported by Cryptopotato, some analysts believe that doge may be on the verge of a new rally towards new highs, targeting prices above $ 2, 9 and even $ 40.
