{"id":557609,"date":"2023-10-26T07:25:03","date_gmt":"2023-10-26T07:25:03","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=557609"},"modified":"2023-10-26T07:03:18","modified_gmt":"2023-10-26T07:03:18","slug":"dogecoin-price-poised-epic-surge-1-5-crypto-analyst","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/dogecoin\/dogecoin-price-poised-epic-surge-1-5-crypto-analyst\/","title":{"rendered":"Dogecoin Price Poised For Epic Surge To $1.5: Crypto Analyst"},"content":{"rendered":"

In a recent analysis shared by renowned crypto analyst, Jaydee, Dogecoin (DOGE) appears to be setting the stage for a potentially significant price rally. The chart showcases a series of technical indicators and patterns that hint towards a bullish trajectory for the meme coin, with a projected price target above $1.5.<\/p>\n

In a tweet<\/a> accompanying the chart, Jaydee remarked: “Dogecoin – meme (shitcoin) with a beautiful chart structure! Will DOGE have that confirmed breakout?! Last time it broke out from a multi-year triangle, it 380x in price! Similar structure compared to the 2020-2021 breakout!\u201d<\/p>\n

Dogecoin Price Prints Historic Buy Signal<\/h2>\n

The chart provided by Jaydee displays the DOGE\/USD trading pair with a bi-weekly time frame. Dogecoin’s price history, as highlighted in the chart, reveals two significant breakout points.<\/p>\n

\"Dogecoin
Dogecoin price prediction | Source: X @jaydee_757<\/span><\/figcaption><\/figure>\n

The first breakout took place in 2017, where the price surged from below $0.003 in March 2017 to a peak of $0.0193 in January 2018. The second notable breakout occurred around the end of 2020 till April 2021, skyrocketing the DOGE price from about $0.035 to an all-time high close to $0.76.<\/p>\n

Related Reading: Dogecoin Aggressive 12% Leap: Fear\/Greed Index Uncovers Bullish Sentiment Secrets<\/a><\/div>\n

Over the past few two years, from April 2021 till recently, Dogecoin’s price has been forming a symmetrical triangle pattern again. This is a classic continuation pattern, and given DOGE’s past bullish momentum, a breakout from this triangle to the upside seems plausible.<\/p>\n

Remarkably, DOGE’s 380x price rise was also preceded by a multi-year triangular formation. At the end of 2020, DOGE broke out of the formation, but first experienced a successful retest of the trendline and a short sideways phase of around three months before the massive rally.<\/p>\n

Jaydee’s analysis indicates that the DOGE price has begun its breakout from this symmetrical triangle with this week’s candle, hinting at a continuation of its previous bullish trend. If history repeats itself, DOGE could first experience another minor pullback, followed by a short sideways phase, before the ascent towards the current all-time high begins.<\/p>\n

Related Reading: Dogecoin Price Prediction \u2013 DOGE Could Soon Pump 20% Like Bitcoin<\/a><\/div>\n

By extrapolating from past performance and the present chart structure, Jaydee’s analysis proposes that a confirmed breakout could see DOGE aiming for the $1.5 price range sometime in 2024, as detailed with the blue arrow in the chart.<\/p>\n

The chart humorously remarks that “BEGINNERS will be buying up here.. SMH! LOL!”, suggesting that novice traders might be lured into buying at the peak. While it’s a lighthearted note, it’s also a cautionary tale for traders to conduct their due diligence and not follow the herd mentality.<\/p>\n

While the 2-week chart in Jaydee’s analysis has already posted a bullish breakout signal, the 1-day chart still looks somewhat different. The price is still below the trendline (black), at which Dogecoin has been rejected several times since December last year. However, DOGE has crossed the 0.236 Fibonacci retracement level at $0.0692 and is now approaching the trendline again.<\/p>\n

\"Dogecoin
DOGE price, 1-day chart | Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a recent analysis shared by renowned crypto analyst, Jaydee, Dogecoin (DOGE) appears to be setting the stage for a potentially significant price rally. The chart showcases a series of technical indicators and patterns that hint towards a bullish trajectory for the meme coin, with a projected price target above $1.5. In a tweet accompanying the chart, Jaydee remarked: “Dogecoin – meme (shitcoin) with a beautiful chart structure! Will DOGE have that confirmed breakout?! Last time it broke out from a multi-year triangle, it 380x in price! Similar structure compared to the 2020-2021 breakout!\u201d Dogecoin Price Prints Historic Buy Signal The chart provided by Jaydee displays the DOGE\/USD trading pair with a bi-weekly time frame. Dogecoin’s price history, as highlighted in the chart, reveals two significant breakout points. The first breakout took place in 2017, where the price surged from below $0.003 in March 2017 to a peak of $0.0193 in January 2018. The second notable breakout occurred around the end of 2020 till April 2021, skyrocketing the DOGE price from about $0.035 to an all-time high close to $0.76. Related Reading: Dogecoin Aggressive 12% Leap: Fear\/Greed Index Uncovers Bullish Sentiment Secrets Over the past few two years, from April 2021 till recently, Dogecoin’s price has been forming a symmetrical triangle pattern again. This is a classic continuation pattern, and given DOGE’s past bullish momentum, a breakout from this triangle to the upside seems plausible. Remarkably, DOGE’s 380x price rise was also preceded by a multi-year triangular formation. At the end of 2020, DOGE broke out of the formation, but first experienced a successful retest of the trendline and a short sideways phase of around three months before the massive rally. Jaydee’s analysis indicates that the DOGE price has begun its breakout from this symmetrical triangle with this week’s candle, hinting at a continuation of its previous bullish trend. If history repeats itself, DOGE could first experience another minor pullback, followed by a short sideways phase, before the ascent towards the current all-time high begins. Related Reading: Dogecoin Price Prediction \u2013 DOGE Could Soon Pump 20% Like Bitcoin By extrapolating from past performance and the present chart structure, Jaydee’s analysis proposes that a confirmed breakout could see DOGE aiming for the $1.5 price range sometime in 2024, as detailed with the blue arrow in the chart. The chart humorously remarks that “BEGINNERS will be buying up here.. SMH! LOL!”, suggesting that novice traders might be lured into buying at the peak. While it’s a lighthearted note, it’s also a cautionary tale for traders to conduct their due diligence and not follow the herd mentality. While the 2-week chart in Jaydee’s analysis has already posted a bullish breakout signal, the 1-day chart still looks somewhat different. The price is still below the trendline (black), at which Dogecoin has been rejected several times since December last year. However, DOGE has crossed the 0.236 Fibonacci retracement level at $0.0692 and is now approaching the trendline again. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":557610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,1804,89722,79599],"class_list":["post-557609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogecoin-price","tag-dogecoin-price-prediction","tag-dogeusd"],"acf":[],"yoast_head":"\nDogecoin Price Poised For Epic Surge To $1.5: Crypto Analyst<\/title>\n<meta name=\"description\" content=\"Crypto analyst Jaydee predicts that Dogecoin could set the stage for a significant price rally, with a price target above $1.5.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. 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