Cryptocurrency analyst Hobb said that despite recent price fluctuations, the macro target for Dogecoin price remains unchanged. Cryptocurrency market crash. This comes as DOGE attempts to regain the psychological $0.2 level, which could trigger a significant rally in the meme coin.
Dogecoin price macro target remains above $2
in ×postthe crypto analyst said that the macro target for Dogecoin price remains the same. The chart he attached showed that DOGE could rise to $3 By next year, we will see a new all-time high (ATH) for altcoins. However, meme coins are likely to continue trading sideways until the end of the year.
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Meanwhile, Hov noted that Dogecoin’s price trend has been as expected, with Dogecoin correcting its lows and plummeting more than 50%. He added that while the move did not fully reach the lower support level, the break from the lows looks pretty corrected for now. Memecoin crashed from a high of about $0.30 last month and recently reached $0.11 amid the subsequent selloff. President Trump announces 100% tariffs About China.
Hov also said that the focus will be on how Dogecoin’s price trend develops next week to see if there is a wave C correction move in. Dogecoin is currently rebounding and trying to regain the psychological level of $0.2. This was driven by optimism: potential trade agreement between the US and China.
The White House has confirmed that US President Donald Trump will meet with Chinese President Xi Jinping at the APEC summit on October 30th. on the other hand, September CPIYesterday’s decline, which was lower than expected, also contributed to the rebound in Dogecoin prices.
DOGE’s 3rd Bull Wave on the Horizon
This was revealed by crypto analyst Ether. ×post A third bullish wave is approaching for Dogecoin prices. He noted that DOGE had two experiences. big bullish wave We believe a new bullish wave is coming in 2017 and 2021. The analyst analyzed current price trends that suggest another bullish wave.
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Ether has completed a retest, revealing that its long downtrend has broken. He further said that the higher timeframe 25MA is back to support. Meanwhile, Dogecoin price is said to be gathering strength in the lower band of a long-standing ascending channel. The analyst added that all technical indicators are “whispering” the start of a new cycle. Therefore, he believes that: Third bullish wave It’s not a question of if, but when.
At the time of writing, Dogecoin’s price has increased over the past 24 hours and is trading at around $0.19. data From CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
