Analyst Targets $2.20-$3.46, Is Dogecoin on Track for a $4.20 Moonshot?
Release: 2024/11/26 19:19 Reading: 548
- Original author：Crypto News Land
- Original source：https://cryptonewsland.com/?p=199799
Dogecoin Surges Over 690%, Target Projected at $4.20
November 26, 2024
Technical analyst HovWaves predicts a significant rally for Dogecoin (DOGE), with a potential surge toward $2.20-$3.46 and an ultimate target of $4.20.
Elliott Wave Pattern and Key Support
DOGE follows the Elliott Wave theory, which divides market movements into impulsive and corrective stages. The current wave pattern is in Wave 5, which is projected to have targets between $2.00-$3.40.
Key support zones include:
- $0.10, marking the breakout towards the uptrend
- $0.27, a critical resistance level with a potential rally to $1.00 and beyond
Recovery and Momentum
In 2023, Dogecoin showed signs of recovery, forming impulsive subwaves within a corrective range. The trend continues into 2024, with Fibonacci extensions supporting the Wave 5 targets.
Upcoming Price Action
If DOGE breaks above $0.27, it could trigger a surge past $1.00. However, increased volatility is expected as the price approaches key resistance levels.
Disclaimer
Crypto News Land provides independent media without affiliation to any blockchain or cryptocurrency companies. All news sources are considered credible and accurate, but no warranties are made regarding their validity. Information presented should not be construed as investment or financial advice.
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