The Dogecoin price could soon explode, according to a leading analyst.
“It may be your last chance before exploding upwards !!” Highly followed market analyst “Cobravanguard ”wrote about DOGE In a recent idea of tradingview.
The analyst shared the daily graphic of the same, showing that he had retests a level of support, coinciding with the level of fibonacci of 0.382 which saw him bounce to $ 0.43408 in January 2025. He also had predicts this initial January price reboundBut with a higher target of $ 0.47.
Citing the recent retest of this same level, Cobravanguard said that Doge could drop to $ 0.32 and then $ 0.60, aligning with Fibonacci levels 0.618 and 1.272, respectively.
At the time of writing the editorial time, these objectives represent 25% and 134% of earnings from the current same $ 0.2569 respectively and 134%.
Beyond the level of support again, the analyst also highlighted the appearance of a bullish divergence on the convergence / average mobile divergence (MacD), used to identify price trends and entry points .
Meanwhile, Cobravanguard is not the only analyst to suggest that a potential Doge rally will leave a lot.
“Season Doge”
“Trader Tardigrade” recently said that the same was in the middle of what he called “Doge season”, adding, “You cannot continue him once he starts to move.”
The analyst made this assertion, highlighting the historical performance of the Haussier de Doge market. He generally experienced an explosive rally punctuated by a correction of several months.
Indeed, the same seems to be the pangs of such a correction. The asset fell by approximately 58% compared to approximately $ 0.48434 to hollows of $ 0.20178.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.