cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

DOGE Dumps Hard, but History Suggests a Whopping $7 Target

-

by

cryptd.in
in

Dogecoin is trading around $0.18 after dropping more than 29% over the past week. The asset is down by 9% in the past day alone.

Despite the decline, some analysts point to long-term price patterns that may repeat. If the structure follows past cycles, a sharp move higher could follow.

Dogecoin Follows Repeating Market Cycles

The chart from Bitcoinsensus shows three repeating cycles in Dogecoin’s history. Each starts with a large drop, followed by a long sideways phase, and then a strong rally.

Cycle 1 raised the profit to over 5,800% at its close. Cycle 2’s growth was even bigger, as it exceeded 21,000% and hit $0.74 in 2021. Indications of Cycle 3 are visible already. Assuming the same scenario occurs again, the price may then go for $5 to $7. Up until now, the setup remains legitimate (even though unlikely), but a breakthrough has not occurred.

Weekly Chart Shows Possible Rebound Setup

A chart shared by Trader Tardigrade shows Dogecoin on a weekly view. It highlights a long lower wick, similar to those seen before earlier rallies.

The chart uses a wave structure, suggesting that DOGE may be nearing the end of a correction. If true, the next move could form wave five, leading to higher prices. The projected path shows a rise toward $1.50. For that to happen, the asset must stay above key support levels and push past resistance.

Another post from Trader Tardigrade shows Dogecoin in three stages: consolidation, slow trend, and parabolic move. The current phase is labeled as parabolic, based on rising lows and stronger price movement.

Dogecoin price chart
Source: Trader Tardigrade/X

If the path holds, the chart points to a possible rise above $1. This move depends on continued strength and steady buying over time. The setup builds on the price history seen in earlier cycles.

Current Market Position

This week, Dogecoin has come out as the biggest loser among the top 20 cryptocurrencies. Its current price is approximately $0.18, accompanied by a 24-hour trading volume surpassing $3.6 billion.

However, the 출시 of House of Doge through a Nasdaq merger also adds to its longer-term presence in the market. Currently, traders are monitoring crucial points to determine if the formation will lead to a robust rise in price.

게시물 DOGE Dumps Hard, but History Suggests a Whopping $7 Target 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (431) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (73) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (69) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (5) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.