Crypto analyst Olivier has provided an optimistic perspective for the Dogecoin price In the midst of the downward trend of the market, which led to a massive decline for Doge. The analyst plans that the most important piece of memes could prepare for a rally of 75%, which could send its price more than $ 0.3.
The Dogecoin price is preparing at 75% rally if it remains inside this channel
In a X postCrypto Olivier analyst predicted that the price of Dogecoin could benefit from a 75% rally as long as it remains in a parallel channel, which he highlighted on his table which accompanies him. Refer Monthly DOGE graphicThe analyst said that the most important tendency of the most important part is clear as long as it remains inside the channel.
This 75% rally for Dogecoin prices may well be the beginning, because the analyst has assured that the upward trend will resume $ 0.3350. His table which accompanies him showed that the most important piece of memes could rally to a New top of all time (ATH) And even reach $ 6 in this market cycle. Based on the graphic, DOGE could also reach $ 30 because it gathers at the upper limit of this channel.
In the meantime, as the analyst suggests, the price of the Dogecoin must hold above the lower limit of this border. The graph which accompanies it shows that a breakdown less than 0.15 could invalidate this upward configuration for Doge. Given the current decreased trend on the wider market of cryptography, the main part of memes is always at risk of going to this price level.
Crypto analyst David Perk Recently, predicted that the Dogecoin price could crash more at $ 0.15. However, the analyst expects Doge to bounce from this price level, which is always optimistic for the memes piece. Staying above $ 0.15 still puts Doge in this channel, which could send its price to New Aths.
Doge at $ 10 still in play
Meanwhile, in the middle of the market down trend, Crypto Dogecapital Analyst Reaffirmed that Dogecoin prices could still reach up to $ 10 in this market cycle. The analyst has highlighted the action of the prices of the previous two cycles to explain why the same piece could reach this level and even rally over it.
He indicated that the action of current prices reflected that of the previous two cycles and that the Dogecoin price was about to start the second phase of its parabolic rally. Dogecapital expects DOGE to have about $ 0.20 on the weekly time.
The analyst added that once this consolida is over, Dogecoin could move Around $ 1.70. The rally at this level should then pave the way to the third phase of the parabolic movement which would send the most important part to $ 10 and more.
When writing data from CoinMarketCap.
Istock star image, tradingView.com graphic