| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107294.4800000000 |
| ETH | $2429.3250000000 |
| BNB | $645.7591300000 |
| XRP | $2.1989450000 |
| ADA | $0.5621120000 |
| SOL | $147.1645000000 |
| DOGE | $N/A |
| DOT | $3.3596800000 |
| LTC | $86.1552000000 |
| LINK | $13.1916000000 |
Category: CRYPTO NEWS
The post Dogecoin Technical Analysis Reveals What Could Happen To Price From Here appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst Jmorg has provided an in-depth technical analysis, which shows what could happen to the Dogecoin price from its current levels. The top meme coin has already dropped below the psychological $0.2 level as part of a broader crypto market correction. What The Dogecoin Price Might Look Like From Current Levels In a TradingView post, Jmorg stated that Dogecoin has meaningful momentum behind its current price action, which is evident in the Money Flow Index (MFI). He noted that the indicator is accelerating off a very low momentum and trending higher on the weekly timeframe. The analyst further remarked that the Bollinger band width is narrowing to historical lows, which could eventually be the catalyst for the necessary volatility needed for DOGE to return to or exceed its current all-time high (ATH). He claimed that Dogecoin could reach $1 based on a Cup-and-Handle measured move. Meanwhile, the foremost meme coin could touch $0.95 based on the measured move from a breakout of the rectangle. Commenting on the Fibonacci retracement, Jmorg stated that given the momentum and potential increase of volume, a retracement to the current ATH of $0.73 seems likely. The analyst added that a pause and continuation of the advance higher would put Dogecoin near $1.20. He went on to allude to Dogecoin’s historical pattern, which saw the meme coin record gains of 8,000% and 2,000%. The analyst noted that an 8,000% gain would take DOGE to $15, or a market cap of $2.3 trillion. Jmorg remarked that it seems unlikely, as BTC has a market cap of about $2,2 trillion. DOGE is currently trading at $0.19. Chart: TradingView However, the analyst highlighted a scenario where the Bitcoin price rallies to $200,000 and then a…
2025-06-01T02:39:09+00:00