menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Dogecoin News

>

$8 Dogecoi...
source image

Newsbtc

3w

read

13

img
dot

Image Credit: Newsbtc

$8 Dogecoin? Analyst Says You’ll Regret Sleeping On This Chart

  • Cantonese Cat, an analyst, predicts Dogecoin could reach $5 to $8 based on a cup and handle formation and technical indicators.
  • He emphasizes the significance of the 20-month simple moving average as a key support level for Dogecoin's bull cycles.
  • Dogecoin is currently trading just below the Ichimoku cloud, with the analyst suggesting a potential breakout in the near future.
  • The analyst recommends adding to positions near the 20-month moving average and advises against chasing sudden price spikes.
  • He sees the current consolidation as a positive sign, indicating the coin is building up energy for a potential significant move.
  • The analyst did not provide a specific timeline for the potential breakout but mentioned it might coincide with a broader altcoin season.
  • The anticipated breakout is seen as a green light for acceleration towards new all-time highs at $5 to $8, representing considerable returns.

Read Full Article

like

Like

For uninterrupted reading, download the app