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NewsBTC 2024-11-24 10:00:52

Dogecoin ATH Incoming? Analyst Issues 2-Day Price Forecast

Dogecoin ATH Incoming? Analyst Issues 2-Day Price Forecast

Crypto analyst Master Kenobi has made a bold two-day prediction for the Dogecoin price, stating that it will hit a new all-time high (ATH) in the next two days. The analyst highlighted Dogecoin’s Relative Strength Index (RSI), which he suggested is very bullish for the meme coin at the moment. Related Reading: XRP Gains Momentum: Whale Activity Points To $15 Breakthrough Dogecoin Price To Reach ATH In Two Days In an X post, Master Kenobi predicted that the Dogecoin price could reach a new ATH in two days. The analyst stated that Dogecoin’s 4-hour RSI chart appears to confirm his fractal setup. Based on this, he remarked that the leg up could potentially reach $0.85 by November 25th, marking a new ATH for the foremost meme coin. Master Kenobi added that some might even identify a potential bullish divergence within the RSI chart. Such a pattern also presents a bullish outlook for the Dogecoin price, indicating that the meme coin is set to witness a bullish reversal to the upside. This bullish reversal is already happening, as DOGE has successfully broken above $0.4. It is worth mentioning that crypto analyst Trader Tardigrade highlighted a bullish divergence on the 4-hour RSI chart. The analyst noted that this signal indicates an uptrend continuation in the Dogecoin price movement. His accompanying chart showed that DOGE could reach $0.7 on its next leg up. This will bring the meme coin close to its ATH of $0.73. Meanwhile, even if the Dogecoin price doesn’t hit a new ATH by November 25, another of Master Kebobi’s analyses shows that it could happen by December 2. The analyst had previously highlighted a 91-day sequence, which he said Dogecoin is about to complete and suggested would lead to a price rally to $1 by December 2. The Next Resistance Level To Watch Out For With the Dogecoin price successfully breaking above $0.4, crypto analyst Kevin Capital has provided insights into the next resistance level to watch out for. In an X post, he noted that Dogecoin is breaking out of the macro .786 Fib level. He added that the next resistance is $0.54, followed by the meme coin’s current ATH at $0.73. Crypto analyst Javon Marks also confirmed that a rally to the current ATH for the Dogecoin price was in sight. In an X post, he said Dogecoin was surging towards $0.6533 and could break out of that level once it reached the target. He added that this 52.2% price surge to $0.6533 could happen quickly and that a rally to $1.25 comes into play once that happens. Related Reading: Chinese Court Declares Personal Crypto Ownership Legal In Mainland China At the time of writing, the Dogecoin price is trading at around $0.46, up over 16% in the last 24 hours, according to data from CoinMarketCap. Featured image from Reddit, chart from TradingView

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