Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Dogecoin Enters A Long-Term Bullish Rally, Here’s The Roadmap And Target

Share This Post

Dogecoin has now presumably entered a long-term bullish rally that could send its price higher from here, according to one crypto analyst. This comes after the price had crashed below $0.13, before a swift recovery brought it back above $0.16. So what is driving this current bull rally?

Dogecoin Ready For Long-Term Bullish Rally

Crypto analyst Behdark, on the TradingView website, shared an interesting analysis that has caught the eye of Dogecoin community members. The crypto analyst identified that the meme coin has now entered a bullish rally, with reasons to back up why this is so.

Behdark explained that the Dogecoin price has formed strong support just above $0.1, and this has helped to bounce the coin back up in the event of a crash. The demand at this level is what ensures that whenever the price crashes down, it is always rejected to the upside, as seen with the most recent market crash.

The meme coin has also been in a long period of correction, and this is one of the reasons why the analyst believes it is entering into a bullish rally. Behdark pointed toward the previous correction of 900 days and that this current current will hold above 500 days in a similar fashion.

Dogecoin price chart from Tradingview.com

However, the long-term bullish rally did not just begin, Behdark explains. Apparently, the rally had begun back in October 2023 when the price had successfully broken above $0.06. Naturally, this bull rally has seen periods of uptrend and downtrend, helping the analyst identify the next wave that the price just entered.

Invalidation Thesis For The Analysis

Like with any analysis, Behdark’s analysis also comes with a level at which the predicted bullish rally will be invalidated. In this case, the crypto analyst outlines that the Dogecoin price must maintain above $0.08, as “closing a daily candle above the invalidation level with violate the analysis.”

Nevertheless, Behdark believes that the DOGE price is now in a D wave after the completion of the C wave following its rise above $0.2. This D wave has been historically bullish for the price, triggering at least a 100% price increase.

As for the price targets, Behdark puts the first target at $0.28. After this, a retracement is expected back to the $0.16 level, which would mark the completion of the E and F waves. Then once the G wave begins, the analyst sees the price rising over 100% to $0.38.

Presently, the Dogecoin price is still trading above $0.16, with an 18.6% increase in the last week. It remains the 8th-largest cryptocurrency in the space, with a market cap of $24.18 billion at the time of writing.

Dogecoin price chart from Tradingview.com

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Price Risks Further Crash To $2,350 With Lower Lows Formation

The Ethereum price has ranged low now after making a new monthly high back on Tuesday This increase had come as a much-needed relief for the crypto market, which had watched the ETH price struggled

Worldcoin Price Prediction 2025, 2026 – 2030: Will WLD Price Reach $10?

The post Worldcoin Price Prediction 2025, 2026 – 2030: Will WLD Price Reach $10 appeared first on Coinpedia Fintech News Story Highlights The live price of the WLD token is Price predictions

DOGE Climbs to $0.2277 in a Week, But Ruvi AI (RUVI) Redefines Investing by Offering 100% Early Bonus and 20,000% Growth Potential

The post DOGE Climbs to $02277 in a Week, But Ruvi AI (RUVI) Redefines Investing by Offering 100% Early Bonus and 20,000% Growth Potential appeared first on Coinpedia Fintech News Dogecoin has made

Bitcoin Cash Price Prediction 2025, 2026 – 2030: Will BCH Hit $1000?

The post Bitcoin Cash Price Prediction 2025, 2026 – 2030: Will BCH Hit $1000 appeared first on Coinpedia Fintech News Story Highlights BCH price currently at $39195 with a market cap of $787

Bitcoin SV Price Prediction 2025, 2026-2030: Will BSV Price Hit $100?

The post Bitcoin SV Price Prediction 2025, 2026-2030: Will BSV Price Hit $100 appeared first on Coinpedia Fintech News Story Highlights Market sentiment remains cautious as BSV struggles to gain

Trump-Linked Stablecoin USD1 Goes Cross-Chain with Chainlink CCIP

The post Trump-Linked Stablecoin USD1 Goes Cross-Chain with Chainlink CCIP appeared first on Coinpedia Fintech News World Liberty Financial’s USD1 stablecoin, pegged to the US dollar, has taken a