Dogecoin Bersiap Breakout, Harga DOGE Akan Meroket ke US$6
Release: 2024/06/07 14:24 Reading: 766
Dogecoin (DOGE) Poised for a Breakout, Analyst Predicts
Crypto analyst Kevin, formerly known as OG Yomi, has identified a bullish pattern on the Dogecoin (DOGE) chart, indicating a breakout could be imminent. His prediction comes amidst significant DOGE accumulation by whales, which could fuel the anticipated breakout.
Bullish Signals on Dogecoin Chart
According to Bitcoinist, Kevin pointed out that the Bollinger Bands indicator on the two-month Dogecoin chart is showing signs of an impending breakout. This marks the first such signal for the memecoin since November 2020.
Additionally, Kevin noted that DOGE is set to experience its first two-month bullish MACD cross since the same period. This indicator is considered a strong predictor of upward price movements, adding weight to his bullish outlook.
Historic and Whale Activity
Kevin expressed strong confidence in this breakout, suggesting that it is inevitable. Other notable crypto analysts, such as Kaleo, echo this sentiment.
In a recent post on X, Kaleo claimed that Dogecoin is poised to move parabolically upwards, even predicting that DOGE could outperform Bitcoin in the current bull run.
Kevin's prediction is not new. In April, he forecasted that Dogecoin could outpace Bitcoin during this market cycle if it maintained its momentum. He even suggested that DOGE could rise as high as $3, based on historical patterns. Such a surge would significantly lift DOGE above its current status and potentially above Bitcoin.
The recent surge in DOGE's price can be attributed to large-scale buying by Dogecoin whales. In the past week alone, these large investors have purchased over 900 million DOGE, which may contribute to the anticipated breakout.
Analysts Forecast DOGE Price Surge
Crypto analyst Ali Martinez also sees a bright future for Dogecoin. He recently pointed out that the market sentiment for DOGE was similarly bearish in early February, just before its price surged by 200 percent.
Martinez believes DOGE could rise to $6 in this bull run, noting that the current lackluster price action is typical behavior prior to major bull runs.
On the more ambitious end of the spectrum, analyst Javon Marks has suggested that Dogecoin could reach $10. He highlights a breakout trend that indicates DOGE may be heading towards this price level.
Marks even shared a chart showcasing that DOGE could potentially climb as high as $16. He refers to Dogecoin's performance pattern, which has seen gains in each subsequent bull run.
Marks believes the upcoming bull run will be no different, with DOGE surpassing its over 20,000 percent rally in the 2021 bull run. Time will tell.
Recent news
More>- 5 Best Crypto Presale Coins for 2025 [Updated List for 2025] 11-29
- Ethereum Meme Coin Watch: CatSlap +20%, Pepe +7% as ETH Outperforms Bitcoin 11-29
- Whales Dumping Pepe Coin As Prices Correct, Time To Sell? 11-29
- Binance Launches ‘PayDay’ Global Crypto Shopping Event with $200K Crypto Cashback 11-29
- Ethereum price up 15%—here are the meme coins to watch this altcoin season 11-29
- Dogen (DOGEN): Experts Predict 25,000% Returns – Outshining DOGE and SHIB in 2025! 11-29
- How Dogecoin Overtook Porsche in Market Cap, Hitting $54.7 Billion Milestone 11-29
- Is PEPE Price Breakout Imminent? Analyst Predicts It’s About to Go Crazy—Here’s Why! 11-29
- Next Bonk? Dogen on Track for 15,000% Gains by 2025 – Don’t Miss the Rocket! 11-28
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com