Dogecoin re -enabled the upside down, sparking bullish sentiment to the leading coin meme. In the bulls seeking to take advantage of this rally, the crypto analyst Kiu gave insights on what market participants should view before jumping The Doge Rally.
What to look for as dogcoin rallies in the upside
In a Tradingview postKiu told market participants to look for a clear breakout and at least two 4 -hour candles closing above the resistance line around $ 0.19460. He said that if the Dogecoin Price Then retists that line as a new support, it is a great place to enter a long position. The analyst advised that a disappearance of cessation was placed around the current less than $ 0.12500.
Kiu described this plan while also commenting on the current dogcoin's current action. He noted that the price is currently falling above The downward channelforming the falling line of resistance to the wedge. The analyst announced that it was a bullish signal but told market participants to pay attention to the next major resistance area, around $ 0.19460. This area is aligned with the previous high and the red resisting zone.
Meanwhile, the Crypto analyst said the top of the wedge was the target for this expected rally as it also aligned with a heavy resistance zone. His companion chart showed that $ 0.45143 was the target, a price level that also represents a Local high for Dogecoin. DOGE rallied at that level in December last year following its Bull Run, which began around October.
Crypto analyst Kevin Capital is also in a review in which he predicted Dogecoin would enjoy a significant rally upside down once Bitcoin's dominance found a top macro. Based on his companion chart, the Doge may be at least rally at the expected $ 1 price level.
Doge's short -term target is $ 0.29
Crypto analyst Trader Tardigrade Predicted that Dogecoin can rally as high as $ 0.29 in a short time. He announced that the Doge had disrupted a diamond pattern on the day -to -day chart, with $ 0.29 the target for this breakout. His companion chart showed that the rally on this target could occur before the end of the month.
In another post, Trader Tardigrade has indicated that Dogecoin is likely to maintain this bullish momentum. He revealed that A RSI Breakout can be seen in the daily chart, which continues to occur every 29-day period where witnesses of a bomb witness. Accordingly, the analyst confirmed that the uptrend of the meme coin was “already -programmed.” Thegeoin is already looking at a breakout above the psychological $ 0.2 level, which can provide a way for a rally to new highs.
At the time of writing, the dogcoin price traded around $ 0.19, up to 8% in the last 24 hours, according to Data From CoinMarketCap.
Featured image from Getty Images, chart from tradingview.com
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