Crypto experts say Dogecoin Price resonates in 2017 – Here’s what happened in 2017
Encryption expert Master Kenobi It has been pointed out that dog prices are resonating with 2017. This shows a view on Doge given the price action of the most important meme coins in the 2017 bull cycle.
Dogecoin price replica 2017 Bull run
exist X PostsKenobi Master said that Dogecoin’s price is giving the atmosphere in 2017, which shows the current price action with 2017 Bull Run. This is important because of the huge gains from Doge recorded in that bull run. The accompanying charts for analysts also show that Doge recorded a huge green candle in the second quarter of that year.
At that time, by June, Dogecoin prices rose by $0.00350, marking a new Highest history (ATH) Meme coins at the time. Based on the similarity of current price action to 2017, Doge can witness another huge green candle again in the second quarter and may soon call up a new ATH.
Master Kenobi predicts this will happen. In an earlier X post, he said that once Dogecoin’s price breaks through the trendline and its price is around $0.15, it could reach a new ATH in 50 to 55 days. Analysts added that by June 10, the conservative target will be $0.90.
Meanwhile, in another article, Master Kenobi also hints at 2024 Dogecoin price actionplease note that there is 100 days from the local bottom to the local top. He noted that Doge is in a similar time frame. Consistent with this, he hopes the most important meme coins hit the new ATH during this period, although he is not sure if this will lose $1 in the process.
Doge is ready to emerge in large quantities
In X posts, Crypto Analyst Trader Tardigrade This shows that Dogecoin’s price is ready to increase. He noted that before experiencing a huge surge, Doge always forms parallel channels in each cycle. The charts he accompanied show that the most important meme coin once again forms another parallel channel, and after this development process, it could be as high as $8.
He said in his latest X post that Doge’s 4-hour candles have been closed, confirming the Dogecoin price breakthrough for the triangle pattern. The chart he accompanied shows that the meme coins could exceed $0.17 in the near term, a move that could pave the way to new highs. Market participants want to see Doge retrieval Psychological $0.2 Price Levelbecause this can confirm that the meme coins are bullish again in territory.
At the time of writing, Dogecoin price is trading at about $0.16, up nearly 2% in the past 24 hours. data From CoinMarketCap.
Featured images from Istock, charts from TradingView.com
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