Crypto analyst JMORG has provided an intensive technical analysis, indicating what can happen Dogcoin price From its current levels. The top meme coin has already fallen below the psychological $ 0.2 level as part of a broad crypto market improvement.
What can cost the price of dogcoin from current levels
One in Tradingview postJMORG said that dogcoin is a meaningful speed behind it Current price actionWhich is clear in the Money Flow Index (MFI). He said that the indicator is accelerating at a very low speed and is doing higher trends on the weekly deadline.
The analyst further commented that the width of the Bollinger band was narrowing for historical ups and there, which may eventually be catalyst for instability required for Dogi or exceeds its current all-time high (Ath). He claimed that Dogecoin could reach $ 1 Cup-and-handle measured trickMeanwhile, the most important meme coin can touch $ 0.95 depending on the move measured from the rectangle’s breakout.
comment out Fibonacci RetressJMORG said that given the speed of volume and potential increase, there is a possibility of a retracement for the current ath of $ 0.73. The analyst stated that the stagnation and continuity of advance higher would put dogcoin near $ 1.20.
He went to an alliance Historical pattern of dogcoinWhich saw the profit of the meme coin record of 8,000% and 2,000%. The analyst said that 8,000% profit would be taken to Dogge to a market cap of $ 15, or $ 2.3 trillion. JMORG commented that this is unlikely, as BTC has a market cap of about $ 2,2,2 trillion.
However, the analyst highlighted a landscape, where the price of bitcoin sends rallies up to $ 200,000 and then a breakout of wedge pattern to Dogcoin to $ 15. He commented that such a scenario makes the $ 15 price target more realistic and, because Crypto is unexpected, anything is possible.
Factors that can send Dogi to new heights
In its analysis, JMORG also outlined factors that could send the price of dogcoin to a new level. First, he said that mid -term elections will matter and he suspects that the Trump administration will make every effort to maintain DC control, which will probably lead to leadership. Pro-crypto policies,
The analyst stated that pro-crypto policies and deragulation could be a powerful tailwind to the American economy, which would help people to keep employed and eventually maintain high property prices.
Another factor that has been underlined by Jmorg Dogcoin etfHe said that there is a possibility of approval for these funds, and it can provide an important source of demand. The DOGE ETFS will run the institutional flow, which can increase a price increase for the meme coins.
The final factor is the potential integration of dogcoin payment X social media platformThe Crypto analyst said that it does not seem unrealistic, given that Elon is a great fan of Musk Mem’s coin. Like the DOGE ETFS, he said that it can provide a source of demand for meme coins.
At the time of writing, the dogcoin price is trading at around $ 0.1897, which is more than 7% in the last 24 hours. data From coinmarketcap.
Specially displayed image from UNSPLASH, chart from tradingview
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