Crypto analyst Crypto Project reveals a bullish pattern Dogecoin pricewhich may send meme coins to over $3.2. Analysts also provide a timeline for the most important meme coins to reach this target.
Dogecoin Price Eyes Rally Rally takes the $3.2 range as textbook cumulative tank form
exist X Postscrypto bullet revealed that Dogecoin price printed a textbook accumulation cylinder that offers bullish prospects for the most important meme coins. The chart he accompanied shows that Doge could be over $3.2, marking a new Highest history (ATH) For meme coins.
Based on this bullish model, the target Dogecoin price rally should begin in the next few months, the crypto analyst said. He added that the catalyst for this price increase is not clear, but certainly something interesting is coming. Encrypted bullets also pointed out BTC Advantages It’s at the pinnacle, which is probably the ideal recipe for door pumps.
Crypto analyst Kevin Capital recently suggested that the potential easing of the Federal Reserve could be the reason why the next bull runs at Dogecoin. He stressed the fact that the Fed is expected to lower interest rates in June. Analysts expect Doge to surge as the increase in money supply goes into meme coins.
Interestingly, June is also a timeline Crypto Analyst Kenobi Master Specifies when the dog price can reach the new ATH. He predicts that Doge will rise to as high as $0.9 during this period. Meanwhile, analysts warn that it is still uncertain whether the meme coin will surpass the psychological $1 price level.
Doge’s price action update
In X posts, Kevin Capital Provides the latest news on current Dogecoin price action. He noted that Doge kept support for Macro .382 and macro declines at around $0.14. He further noted that the monthly super trend has not been vertical in this cycle. The monthly relative intensity index (RSI) is also at the same level as the meme coin is $0.11 and there is a lot of room to gather into the upside.
Analysts point out that as the market enters a loose phase of the currency cycle, he expects Bitcoin’s dominance to reach a macro top in the summer. Kevin Capital predicts altcoins, especially Dogecoin priceOnce this happens, a massive surge will be witnessed. He urged market participants to ignore short-term noise and focus on the long-term trajectory.
At the time of writing, Dogecoin price is trading at about $0.18, up 3% over the past 24 hours. data From CoinMarketCap.
Featured Images from Getty Images, TradingView.com Charts
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