{"id":653828,"date":"2024-11-19T14:00:48","date_gmt":"2024-11-19T14:00:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=653828"},"modified":"2024-11-19T08:58:55","modified_gmt":"2024-11-19T08:58:55","slug":"dogecoin-surge-1-the-timing-may-surprise-you","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-surge-1-the-timing-may-surprise-you\/","title":{"rendered":"Analyst Predicts Rapid Dogecoin Surge To $1: The Timing May Surprise You"},"content":{"rendered":"

Crypto analyst Kevin (@Kev_Capital_TA) is projecting a significant surge for the Dogecoin price, anticipating it to reach between $1 and $2 by the end of December or early January. This bullish forecast comes amid skepticism about the current breakout patterns observed in the memecoin.<\/p>\n

One Last Dip For Dogecoin Price Before $1?<\/h2>\n

Over the past week, from November 12 to 19, Dogecoin formed a falling wedge<\/a>\u2014a pattern often considered bullish\u2014on the lower timeframes. On November 19, the crypto asset broke out of this formation, prompting some optimism among traders. However, Kevin remains unconvinced about the strength of this move.<\/p>\n

“This weird little breakout on Dogecoin of this suspect bull flag looks very weak to me,” he stated<\/a> via X. “Tracking the money flow on smaller time frames and smart investors are not convinced either. If money flow remains stagnant, then my base case of further correction\/consolidation becomes more likely. Which, by the way, is more bullish if we just head straight up from here.”<\/p>\n

Related Reading: How Low Can Dogecoin Go Before Rallying Again? Expert Forecast<\/a><\/div>\n

When asked by an X user whether Dogecoin would surpass $0.40 by mid-December, Kevin responded confidently: “I think we’re at $1-$2 by end of December beginning of January.”<\/p>\n

Despite his bullish long-term outlook, Kevin still expects continued short-term correction for the Dogecoin price. He cautioned that “a lot of people will be wiped out if this occurs.\u201d<\/p>\n

He elaborated on his price targets: “My first price target and a level we will want to hold for Dogecoin is the $0.30-$0.26 cent range, which is the golden pocket retrace levels. That’s a 30-40% correction from the local top, which in a bull market<\/a> is a perfect size correction.”<\/p>\n

Over the long-term, Kevin foresees much higher price levels. In an analysis leveraging the Pi Cycle Tops Indicator\u2014a tool traditionally applied to Bitcoin\u2014crypto analyst Kevin recently shed light on Dogecoin’s long-term potential market trajectory<\/a>. The indicator, crucial for pinpointing cycle highs and lows, relies on the crossing of two specific moving averages to signal significant market shifts.<\/p>\n

\"Dogecoin
Dogecoin Pi Cycle tops indicator | Source: X @Kev_Capital_TA<\/a><\/figcaption><\/figure>\n

The shorter-term moving average (MA) which typically considers the last 111 days of price data. The longer-term MA which averages the last 350 days but multiplies it by two. The indicator’s principle is based on the theory that when these two MAs cross, a potential peak in the market price is imminent, suggesting a sell-off point before a downturn. It’s historically been used in Bitcoin analysis but, as Kevin demonstrates, it can also apply effectively to Dogecoin.<\/p>\n

Related Reading: Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow?<\/a><\/div>\n

Kevin\u2019s chart covers several years of the Dogecoin price action, clearly marking past cycle highs and lows where the Pi Cycle Indicator has been accurate. Past cycle highs are circled in the chart during January 2018 and May 2021, which coincide with the crossover of the two MAs and corresponding peaks in price.<\/p>\n

The current price movement shows a significant upward trajectory, and while the two MAs are converging, they have yet to cross. The chart plots a 1.618 Fibonacci extension level at around $4.00.<\/p>\n

Kevin writes: \u201cOne of my secret indicators for Dogecoin that is traditionally only supposed to work for #BTC is the Pi Cycle tops indicator. It has accurately called every DOGE cycle top and bottom over each of its cycles. When the two moving averages cross along with Monthly RSI being at a certain level that’s when I plan on taking significant portions out of the market. As you can see while the moving averages are now heading in the same direction to eventually cross we’re still not very close to crossing indicating we have a lot higher to go first.\u201d<\/p>\n

At press time, DOGE traded at $0.38.<\/p>\n

\"Dogecoin
DOGE breakout stalls ahead of key resistance, 1-hour chart | Source: DOGEUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Kevin (@Kev_Capital_TA) is projecting a significant surge for the Dogecoin price, anticipating it to reach between $1 and $2 by the end of December or early January. This bullish forecast comes amid skepticism about the current breakout patterns observed in the memecoin. One Last Dip For Dogecoin Price Before $1? Over the past week, from November 12 to 19, Dogecoin formed a falling wedge\u2014a pattern often considered bullish\u2014on the lower timeframes. On November 19, the crypto asset broke out of this formation, prompting some optimism among traders. However, Kevin remains unconvinced about the strength of this move. “This weird little breakout on Dogecoin of this suspect bull flag looks very weak to me,” he stated via X. “Tracking the money flow on smaller time frames and smart investors are not convinced either. If money flow remains stagnant, then my base case of further correction\/consolidation becomes more likely. Which, by the way, is more bullish if we just head straight up from here.” Related Reading: How Low Can Dogecoin Go Before Rallying Again? Expert Forecast When asked by an X user whether Dogecoin would surpass $0.40 by mid-December, Kevin responded confidently: “I think we’re at $1-$2 by end of December beginning of January.” Despite his bullish long-term outlook, Kevin still expects continued short-term correction for the Dogecoin price. He cautioned that “a lot of people will be wiped out if this occurs.\u201d He elaborated on his price targets: “My first price target and a level we will want to hold for Dogecoin is the $0.30-$0.26 cent range, which is the golden pocket retrace levels. That’s a 30-40% correction from the local top, which in a bull market is a perfect size correction.” Over the long-term, Kevin foresees much higher price levels. In an analysis leveraging the Pi Cycle Tops Indicator\u2014a tool traditionally applied to Bitcoin\u2014crypto analyst Kevin recently shed light on Dogecoin’s long-term potential market trajectory. The indicator, crucial for pinpointing cycle highs and lows, relies on the crossing of two specific moving averages to signal significant market shifts. The shorter-term moving average (MA) which typically considers the last 111 days of price data. The longer-term MA which averages the last 350 days but multiplies it by two. The indicator’s principle is based on the theory that when these two MAs cross, a potential peak in the market price is imminent, suggesting a sell-off point before a downturn. It’s historically been used in Bitcoin analysis but, as Kevin demonstrates, it can also apply effectively to Dogecoin. Related Reading: Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? Kevin\u2019s chart covers several years of the Dogecoin price action, clearly marking past cycle highs and lows where the Pi Cycle Indicator has been accurate. Past cycle highs are circled in the chart during January 2018 and May 2021, which coincide with the crossover of the two MAs and corresponding peaks in price. The current price movement shows a significant upward trajectory, and while the two MAs are converging, they have yet to cross. The chart plots a 1.618 Fibonacci extension level at around $4.00. Kevin writes: \u201cOne of my secret indicators for Dogecoin that is traditionally only supposed to work for #BTC is the Pi Cycle tops indicator. It has accurately called every DOGE cycle top and bottom over each of its cycles. When the two moving averages cross along with Monthly RSI being at a certain level that’s when I plan on taking significant portions out of the market. As you can see while the moving averages are now heading in the same direction to eventually cross we’re still not very close to crossing indicating we have a lot higher to go first.\u201d At press time, DOGE traded at $0.38. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":653837,"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":[1785,89174,85675,7,1803,1804,1805,89722],"class_list":["post-653828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-analysis","tag-dogecoin-price-prediction"],"acf":[],"yoast_head":"\nDogecoin To $1? 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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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