Dogecoin Price Forecast: Analyst Predicts ATH in 2 Days
Crypto analyst Master Kenobi recently made a bold prediction for Dogecoin, forecasting a new all-time high (ATH) in the next two days. He pointed to the Relative Strength Index (RSI) for Dogecoin, which he believes is very bullish at the moment.
Master Kenobi explained in a post that Dogecoin’s 4-hour RSI chart aligns with his fractal setup, indicating a potential increase to $0.85 by November 25, setting a new ATH for the popular meme coin. He even mentioned the possibility of a bullish divergence in the RSI chart, suggesting a positive reversal for Dogecoin, which has already surpassed the $0.4 mark.
Another crypto analyst, Trader Tardigrade, also observed a bullish divergence on Dogecoin’s 4-hour RSI chart. This signal suggests a continuation of the uptrend in Dogecoin’s price movement, potentially reaching $0.7 in the next leg up, edging closer to its ATH of $0.73.
While Dogecoin is currently trading at $0.46, there is speculation that it may not hit a new ATH by November 25. However, Master Kenobi’s analysis indicates that it could occur by December 2, based on a 91-day sequence that Dogecoin seems poised to complete, potentially leading to a price rally to $1 by that time.
According to crypto analyst Kevin Capital, the next resistance level to watch for Dogecoin is $0.54, following a successful break above $0.4 and surpassing the macro .786 Fib level. He also noted the meme coin’s current ATH at $0.73 as a significant milestone to watch for.
In conclusion, with bullish signals and predictions from various analysts, Dogecoin enthusiasts may have reasons to stay optimistic about the popular cryptocurrency’s future price movements.
