Crypto Master Kenobi noted that the Dogecoin price gives 2017 vibrations. This presents an optimistic perspective for DOGE, given the most important same corner price action in the 2017 bull cycle.
Dogecoin price reproducing the 2017 bull
In a X postMaster Kenobi said that the Dogecoin price gives 2017 vibrations, indicating that the current price action is similar to that of Bull Run 2017. This is significant due to the massive gains that DOGE recorded in this bull. The painting that accompanies him by the analyst also showed that DOGE recorded a huge green candle in the second quarter of this year.
At the time, the price of the Dogecoin joined above $ 0.00350 by June, which marked a new High of all time (ATH) For the same at the time. On the basis of the similarity between the current price action and the 2017, DOGE could again attend another massive green candle during this second quarter and possibly rally to a new ATH soon.
Maître Kenobi predicts that this would happen. In a previous post, he said that once the Dogecoin price was moving over the trend line at around $ 0.15, it is likely to reach a new ATH in around 50 to 55 days. The analyst added that a conservative course target would be $ 0.90 by June 10.
Meanwhile, in another article, Maître Kenobi also referred to the 2024 Dogecoin price actionNoting that there was a period of 100 days from the local bottom at the local top. He pointed out that DOGE is half a similar time. In accordance with this, he expects the first piece of memes to be the most important to reach a new ATH during this period, although it is not sure that it will break $ 1 in the process.
Doge ready for a huge push
In a post X, Tardigrade Crypto Tardigrade analyst indicated that the price of Dogecoin is ready for a massive increase. He noted that Doge constantly forms parallel channels in each cycle before undergoing a huge wave. His accompanying graph has shown that the most important piece of memes again formed another parallel channel and that he could rally up to $ 8 after this evolution.
In his latest post X, he said that the 4 -hour Doge candle had closed, confirming an escape from Dogecoin prices from a triangle model. His accompanying graphic has shown that the meme coin could rally over $ 0.17 in the short term, a decision that could open the way for new heights. Market participants would seek to see DOGE recover the Psychological price level of $ 0.2Because this could confirm that the medal of the same is again in bullish territory.
When writing data from CoinMarketCap.
Istock star image, tradingView.com graphic
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