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THE Dogecoin price comes close to a critical technical trend line that could ignite his next major rally. After months of lower pressureAnalysts are considering a possible escape towards the long -awaited $ 1 target.
$ 1 Dogecoin price target closer than ever
Crypto Master Kenobi analyst believes That the Dogecoin price could reach the very coveted lens of $ 1 before the end of this market cycle. Based on its technical analysis, Doge again reflects a historical rupture model which previously led to a Explosive price increase.
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The analyst shared a Dogecoin price board With two main sections highlighted. The first green box, between September and November 2024, shows a historical break that occurred after the rupture of the medallion descending trend line. After this escape, the price has increased considerably over the next 55 days.
In particular, the descending trend line acted as a strong resistance for months. However, with the momentum of Dogecoin currently under construction, Master Kenobi believes that a strong escape is imminent.
Looking DGOE PRICE ACTIONIt appears that the same conditions for its previous break are formed again. The technical analysis of Master Kenobi suggests that a break above the current descending resistance line could trigger a similar rally, which could potentially draw the price of its current price from $ 0.158 to $ 0.9, or even $ 1. Such a decision would represent an amazing gain of approximately 533%.
Similar to past trends, the current graph of Dogecoin indicates a planned movement of 55 days after the break, the green arrow and the shaded box indicating a path to the conservative lens of $ 0.9. This would place the target window of Dogecoin in the first weeks of June, aligning closely with the historical deadlines of the last major escape.
Addition to optimism, Relative force of Dogecoin (RSI) There are currently around 43.35 – a level generally considered as a neutral zone occurring. The current descending resistance line has already been tested several times, which means that a clean daily above could trigger Next major rally.
Dogecoin RSI Passe from Haussier
Dogecoin shows promising signs of a bullish reversal after a key break of a technical model on the 4 -hour table. According to a recent Chart analysis By the merchant of the analyst of Crypto Tardigrade, Dogecoin left a Madness And prepares for upward continuation. The escape was confirmed when the RSI crossed above level 50, signaling a drop of lower bullish feeling Among the merchants.
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Before breaking from the corner of the fall, Dogecoin was exchanged in a downward channel, characterized by lower ups and lower stockings. This model often precedes a Upward price movementAnd Dogecoin seems to follow this trend. Consequently, the analysis suggests that the Dogecoin could push towards stronger resistance levels in the short term.
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