Crypto Analyst Predicts Dogecoin Price Pump Of Epic Proportions To $0.7, Here’s When
December 06 2023 - 10:00AM
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A crypto analyst has shared his projections on the future
trajectory of the foremost meme coin, Dogecoin (DOGE). He also
hinted as to when DOGE would experience this tremendous rally that
would make it rise to $0.7. When DOGE Will Hit $0.7 In a post
shared on his X (formerly Twitter) platform, crypto analyst Captain
Faibik stated that an “epic pump” is not far for Dogecoin. From the
accompanying chart he shared, this projected rally would see the
meme coin rise to $0.7. This move, which will see DOGE gain over
900%, is expected to happen in the first half of 2024.
Related Reading: Shiba Inu Burn Rate Surges With Over 8 Billion
SHIB Burned, Here’s The Trigger Source: X There seems to be a
general bullish sentiment around Dogecoin from a technical analysis
perspective. Recently, crypto analyst MonoCoinSignal highlighted
how DOGE’s price had entered an important zone. He noted that this
zone, alongside other indicators, suggests a bullish momentum as
the meme coin could be on its way up. Another crypto analyst
who goes by Jhonnybrah on Tradingview had also hinted that a god
candle might be incoming for DOGE’s price. Unlike MoonCoinSignal,
Jhonnybrah provided potential price targets that DOGE could hit.
The first target for the god candle happens to be just below $0.14,
with the second target above the $0.22 mark. DOGE price rises
above $0.1 | Source: DOGEUSD on Tradingview.com A Dogecoin
Parabolic Move In 2024 Confirmed? Crypto analyst JD also recently
shared his thoughts on DOGE’s price action. The crypto analyst
suggested that the charts were properly set up for a significant
rally in the meme coin’s price. He stated that the “King of
Memcoins” had a “beautiful chart structure” based on the monthly
chart he shared. JD noted that the MACD (Moving Average
Convergence Divergence) was on the verge of having another bullish
cross. The last two times this happened are said to be in 2017 and
2021, when DOGE saw a 62x and 370x, respectively, in its price.
Based on the chart he shared, 2024 could be when DOGE experiences
this bullish cross again. Related Reading: Crypto Expert
Delivers Top 8 Altcoins To Buy On Binance There seems to be no
doubt about Dogecoin’s incoming pump, especially considering that
the meme coin’s price has trended low for a while now. Several
macro factors are also aligning toward this upward trend. Recently,
Bitcoinist reported that the open interest on Dogecoin has crossed
the $500 million threshold. Meanwhile, Dogecoin recently
achieved a new milestone as it was reported that over 5 million
addresses now hold DOGE tokens. The belief in the meme coin seems
to be growing, and with that in mind, more liquidity could flow
into its ecosystem soon enough. At the time of writing, DOGE
is trading at around $0.10, up over 17% in the last 24 hours,
according to data from CoinMarketCap. Featured image from
Inside Telecom, chart from Tradingview.com
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