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Showing posts with the label uptrend

Here’s why analysts believe Dogecoin’s ‘next uptrend’ is around the corner 

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Dogecoin’s (DOGE) recent price action has caught the attention of traders and investors, with market analysts suggesting the meme coin could be on the brink of its ‘next uptrend’. Notably, cryptocurrency trading expert Trader Tardigrade highlights that DOGE has successfully eased from its overbought levels, with the Relative Strength Index (RSI) on the daily chart returning to the neutral 50 zone.  This reset indicates the token has relieved its overbought pressure, paving the way for another potential leg upward. Historically, such RSI relief often precedes strong bullish movements, signaling a renewed momentum for the asset. Picks for you 2024 has doubled Bitcoin's 15-year capitalization – What’s next for 2025? 1 hour ago Sonic SVM ...

Top Trader Unveils ‘Real’ Price Target for Dogecoin, Says DOGE Now in ‘Monster Uptrend’

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A trader known for making timely altcoin calls is revealing his true bull market price target for memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go much higher than most people expect. The analyst looks at Dogecoin versus Bitcoin (DOGE/BTC) to forecast the memecoin’s potential bull market top. “DOGE/BTC from a cycle perspective is now in a monster uptrend, it did a cycle ABC lasting from 2021-2024 which drew down 90%. I would expect DOGE/BTC to hit an all-time high this cycle and a simple 1.618 extension measured from the prior cycle is typically a good and simple measurement. That takes us to 0.00002 BTC which is 373% higher.”  The analyst practices Elliott Wave theory, which states that an asset tends to continue its uptrend after completing a three-part “ABC” correction. While Bluntz thinks that DOGE/BTC will soar to 0.00002 BTC, he hig...