Crypto Analyst Basic Trading revealed that Dogecoin Prix confirms a final retest before an upward potential passage. In accordance with this, he revealed price levels to monitor a bullish escape like Doge Eyes.
The levels to be monitored for the price of Dogecoin confirm the final retest
In a TradingView PostBasic Trading has highlighted $ 0.2, $ 0.5 and $ 5 as levels to monitor the Dogecoin price confirms a final retest. This came then that the analyst noted that market players are about to attend a manual “Break and Reteste” for Dogecoin. By referring to the monthly table, the analyst said that Doge was obviously in an upward trend despite recent corrections.
Basic Trading also noted that the Dogecoin price experienced the expected correction of around 50% after its manual holder of the previous record about three months ago. The analyst is convinced that the first same corner is about to confirm the rupture and the Haussiers retain, which would ultimately lead to a parabolic rally and new summits.
He predicts that Doge will witness a significant purchase pressure, pushing the price of Dogecoin at its current local summit of about $ 0.5. This potential escape would open the way to a rally to a new ATH. Basic Trading estimates that the most important piece of memes can come together up to $ 5 due to its performance in previous cycles.
The analyst noted that the Dogecoin price had benefited from a gain of 8,000% during the 2017 bull cycle and 50,000% during the 2021 cycle. As such, he thinks that the level of price of $ 5 is a conservative target for Doge in this Bull Run. Crypto Dima Potts analyst also recently predicted that Dogecoin could reach $ 10 in this cycle because he reflects a similar model of the 2017 bull cycle.
$ 3 remains a strong possibility for DOGE
In a post X, the Crypto Ali Martinez analyst revealed how the price of Dogecoin could rally up to $ 3 in this market cycle. He noted that the most critical support area for DOGE is between $ 0.19 and $ 0.16. According to him, if this level is valid, the objective of $ 3 remains a strong possibility for the first piece of memes.
The merchant of Crypto Tardigrade analyst also provided a bullish perspective for the Dogecoin price. In a post X, he said that Doge’s macro graph has a similar price model. The analyst noted that if she reflects the 2017 movements, Doge could soon feel another massive wave. His accompanying graph has shown that the same part could reach $ 1.7 when this massive increase occurs.
At the time of writing this document, the Dogecoin price is negotiated at around $ 0.25, down in the last 24 hours, according to CoinmarketCap data.