Dogecoin Price Prediction: DOGE Is Waiting for a 30 Percentage Increase

Понедельник, 07 Июня 2021 г. 15:39 + в цитатник

As the price of Dogecoin rises, it appears to be breaking out of its slump. The recent swing high formed on June 2 is a clear indication of the evolving uptrend. DOGE must break through a critical resistance level to signal the start of an impulsive upward wave.

Dogecoin's price is aiming for a higher high.

From May 18 to May 19, the price of Dogecoin fell by 60%, from $0.515 to $0.213. Following this precipitous drop, DOGE established the first swing high on May 20 at $0.435 and the second on June 2 at $0.448, indicating the emergence of a new uptrend.

So far, the swing lows have remained intact, with Dogecoin price consolidating in a narrow range, indicating that it intends to rise. The meme coin will produce a swing high above $0.40, which will serve as a trigger or confirmation for this rally.

Clearing the previously mentioned level will result in a 12 percent surge to the immediate barrier at $0.45. If buyers break through this barrier, the Dogecoin price will most likely test the lower boundary of the supply zone, which runs from $0.481 to $0.515.

Overall, the move from $0.40 to $0.481 represents a 30% bull rally.