With the consistency of technical and macroeconomic indicators Potential bullish rally. Despite a significant decline recorded in the past few months, crypto analysts expect Dogecoin to be For new Ever since High $3.6.
Dogecoin Price breaks through $3.6 at $3.6
Fresh macro chart analysis highlights a powerful setting Dogecoin price surges to $3.6. Historically, Doge’s price action follows a pattern of experiencing long-term mergers Descent wedge pattern and landing channels, then explode with explosive price transfers.
This pattern seems to be repeating during the current market cycle during the 2021-2022 Bulls Run. According to the chartDog fruit growing from here? Possible 300% expansion may be a profitable opportunity Kevin is a crypto analyst for X (formerly Twitter), and Dogecoin once again undermines years of downward trend. Meme Coin has also successfully retested key technical channels and positioned itself as Update moves upward.
Technical analysis points to key Fibonacci backtracking and expansion areas, with an estimated price of $3.6 for the 1.618 expansion target. Given that Dogecoin’s historical trends outperform performance under favorable conditions, the chart shows that similar patterns can be repeated, especially now that market dynamics seem to be shifting.
In the past, Dogecoin’s price gathered in large numbers, Better than Bitcoin and altcoins on most markets. It is worth noting that Kevin revealed Macroeconomic conditions It also seems that the interests of dog protein are being strongly diverted, indicating a potential continuation of its bullish trend.
Analysts pointed out Federal Reserve (Fed) According to the Chicago Mercantile Exchange (CME) FedWatch tool, there is a widespread expectation for interest rates to start starting as early as June or July. If so, this move is expected to inject much-needed liquidity into the financial markets.
at the same time, Money supply begins to increase Reversal of the expansion effect Quantitative tightening (QT). Furthermore, alternating inflation indicators, such as cumbersome indicators, indicate that inflationary pressures are weakening.
It is understood that the potential end of the Fed’s QT plan may cause a greater capital overflow for risky assets such as cryptocurrencies. On this basis, the combination of a strong technological breakthrough model and improved macroeconomic conditions may have laid the stage for Dogecoin to record unprecedented price increases.
Analysts set short-term Doge price targets
Share similar bullish sentiment for Doge’s future prospects, crypto analyst Emma on X owns predict Two main short-term targets for meme coins. Analysts shared a chart that predicts Dogecoin will reach its initial target of $0.19 and then soar to a higher level of $0.20.
at present, Dogecoin price is under pressure After returning from the $0.24 level and falling to the low price at $0.17. Meme coins are now solidifying the $0.18 threshold and quickly approaching Key resistance areas $0.19. If Doge can break in large quantities and keep above this resistance, Emma thinks its gathering can accelerate significantly.
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