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Despite the recent Dogecoin -3 Crypto analyst Javon Marks Has given a bullish look at the most important meme coin. According to M, the price of Doge is preparing for a movement that could send it above $ 2.
Dogecoin is for 600% run above $ 2
In one XPredicted Javon Marks that Dogecoin could register a price rally of 600% and would be higher than $ 2. This was because he offered some optimism despite the recent withdrawal, with Doge dropped to $ 0.30. He stated that the Price action Is “refreshing” because the prices are still looking at the right track for another great bullish performance.
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Marks added that history suggests that a series of 600% or more could happen, so that the Dogecoin price above $ 2.28 is sent. In line with this he noted that the next Golf can be historical. The analyst had previously pointed out Doge’s historical version When he predicted that the Meme Munt could gather above 1,618 FIB extension, which is currently at $ 2.2.
Crypto analyst Tardigrade recently also pointed to Dogecoin’s historical performance when he predicted that the price could rise as high as $ 20 In this market cycle. The analyst noted that Dogecoin Bull, rallies experienced high in 20217 and 2021 after surpassing the previous candle body, with a profit of 3,000% and 8,000% respectively. That is why he noted that DOGE could achieve this goal of $ 20 if a similar pattern takes place again.
In the short term, however, the Dogecoin price can still fall to as low as $ 0.26 before it registers a parabolic rally on the top. This is based on Crypto analyst Behdark’s doge -analysisIn which he explained that the drop of up to $ 0.26 is part of the crictive movement of the C -Golf. As soon as the price correction is completed, the analyst predicted that the meme mint could recover to $ 0.50.
Doge did not succeed in getting into the trendline during the recent drop
Crypto analyst Master Kenobi It noted that the Dogecoin price did not touch a trendline that it emphasized during this latest drop in the charts. In accordance with this, he wondered if it meant that Doge could still witness more pullbacks or a bullish reversal of the current price level. Although he did not answer, the analyst referred to an earlier analysis, in which he predicted that Doge could register a 3x price increase and reach $ 1.05 between February and March.
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In the meantime, the Dogecoin price action may have shifted from Beerarish to Bullish after this recent withdrawal. In an X post, Tardigrade trader stated that Doge’s MacD Bullish Crossover was approaching on the 4-hour graph. He explained that this appears a short -term momentum for doge from Beerarish to Bullish.
At the time of writing, Dogecoin acts according to around $ 0.32, according to more than 8% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Adobe Stock, Chart van TradingView.com
