Two days ago, a cryptocurrency analyst accurately predicted that Dogecoin would fall sharply, and his latest prediction said that this is not over yet, Dogecoin will fall another 30%!
#加密市场回调
This story has to start from the cryptocurrency circle, and it was spread nine hours ago.
The current price of Dogecoin is $0.35, and it has fallen 14% in the past week. When Trump won the election, Dogecoin also benefited from it, and the price soared to more than $0.4.
This analyst, MMBTrader on TradingView, had predicted that Dogecoin would fall before, and now he has updated his prediction, saying that it will fall further. He posted a picture and analyzed the trend of Dogecoin, saying that although Dogecoin is still hovering above $0.3, it is about to hit the key resistance level of $0.438.
The red arrow on the picture points to the place where it is said that there may be a short-term adjustment, and Dogecoin will have to fall to the support area of $0.25. This drop is a 30% loss. The analyst also said that this drop is a retracement, which matches the Fibonacci level of 0.618.
However, if Dogecoin can gain a foothold at $0.25, the rise may continue. In this way, Dogecoin may rise in the short term.
In the long run, the green arrow on the analyst's chart points to the time when the next wave may rise. He said that Dogecoin can start a new wave of growth by rebounding from $0.25. He also predicted that Dogecoin's new high can reach $0.75, which will be a new record.
In general, analysts are eyeing the $0.45 level. Although the drop to $0.25 is a 30% drop, if it rises to $0.75, it will be a 115% increase.
Let me give you a bolder prediction. The analyst Trader Tardigrade believes that although Dogecoin is currently hovering between $0.33 and $0.49, if it breaks through the upper limit, Dogecoin will rise to a new high of $1.05!
#市场调整後的机会？
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