Crypto analyst Trader Tardigrade said that Dogecoin found local price bottom after which it could rise up to 100 percent.
According to Tardigrade in a recent post on X, Dogecoin typically trades sideways for about a week after a bearish cross within the Moving Average Convergence Divergence (MACD) indicator before embarking on a new bullish run.
Cue the bearisht cross and Tardigrade is predicting the upward movement of Dogecoin in the week to come, as high as $0.28 from there. A chart of a local bottoms followed by rapid upward surges pattern since the bull run started in September supports his analysis.
Dogecoin Surges, Analysts Predict Breakout.
Since that time, through new surges of publicity, the price of Dogecoin has soared over 53%, far outperforming many other top 100 market capitalization cryptocurrencies by that metric. Another analyst, Master Kenobi, who previously predicted the beginning of the Dogecoin bull run, said that the meme coin has risen from above $0.16 and retested its former resistance and now support.
Identifying key price targets of $0.23, $0.33, and all time high of $0.73 he believes that a $0.73 could potentially spur parabolic increase.Dogecoin seems to have a golden cross that might complete happening both daily and weekly, according to Kevin Capital, the influential DOGE analyst, just days ahead of the US elections and potentially behind a political event including a Donald Trump win.
This could prove to be a breakout above $0.20 if Elon Musk’s Department of Government Efficiency (D.O.G.E) proposal is put into play — something which many believe will be good for Dogecoin.
Other crypto analyst, Ali Martinez, added that DOGE might be a good trade to go into the US elections as it is no longer trading with other cryptocurrencies and has become among the top gainers on the market. At press time, DOGE trades at around $0.165, and stands as a winner comparatively, showing a rise of above 10 percent in the past 24 hours.
