DOGE is Set to Blast Off: An Exciting Dogecoin Metric Signals Bull Run
Dogecoin (DOGE) is grabbing the attention once again as it gears up for a potential surge. Renowned crypto analyst Kevin, previously known as Yomi OG, has identified a key indicator that has turned bullish for the meme coin. Kevin’s analysis highlights that the Gaussian channel’s 12-day timeframe has recently switched to a green signal, a significant occurrence that has not happened since December 2020. This indicator is considered highly reliable and suggests that a strong bullish trend may be on the horizon for DOGE in the coming months.
Furthermore, Kevin underlined that Dogecoin has shown remarkable resilience compared to other altcoins during a period of market decline and sideways trading. If DOGE can maintain its position above the Macro 0.382 FIB and the blue support zone on the weekly timeframe, Kevin predicts that it could venture into the promising range of $0.26 to $0.33 – the golden pocket.
Examining the four-hour chart, Kevin observed a deviation back into the larger symmetrical triangle for Dogecoin, which he perceives as an encouraging signal. He emphasized the importance of DOGE surpassing key moving averages as well. Kevin anticipates that the meme coin will eventually test the price level of $0.175, as there is abundant liquidity in that range.
Interestingly, Kevin shed light on liquidity dynamics, highlighting a substantial block of liquidity at the $0.175 level over a three-month period. Liquidity beyond that level falls predominantly within the $0.20 to $0.23 range. This liquidity concentration is bullish for Dogecoin as market makers tend to gravitate towards areas with higher liquidity, further reinforcing the current advantageous position of DOGE.
Another crypto analyst, CrediBULL Crypto, believes that Dogecoin has reached a critical juncture, a “make it or break it” level. However, there is optimism for a potential upward trajectory as this level coincided with Bitcoin’s range lows in the past, producing a bullish reversal for Dogecoin. If Bitcoin experiences another bullish reversal, CrediBULL Crypto expects Dogecoin to ride the wave and enjoy a price rebound.
Furthermore, Crypto Daily, a respected analyst, has made a short-term bullish prediction for DOGE, forecasting that the meme coin could reach a range of $0.33 to $0.35 soon. Crypto Daily asserts that a daily close above $0.18308 could potentially propel Dogecoin towards even greater gains, reaching as high as $0.57.
In light of these positive indicators and expert opinions, Dogecoin’s future looks promising as it aims to soar to new heights. The community eagerly anticipates the next move for DOGE with a mix of enthusiasm and anticipation. To the moon, DOGE!