This Crypto Trader Correctly Called Dogecoin Price Drop Above $0.3 in October, the Real Target Will Shock You

Crypto dealer Melika accurately predicted that the Dogecoin the value would rise to $0.3 in October. Curiously sufficient, this was solely the dealer’s first purpose, as in addition they envisioned greater targets that the highest meme coin may obtain within the brief and long run.

Dogecoin value will rise to $3.80 in the long run

Within the TradeView postMelika predicted that the Dogecoin value may rise to $3.80 in the long run. The crypto dealer already gave these value targets in October based mostly on a cup-and-handle pattern kinds on the map of Dogecoin. It is a bullish continuation sample wherein the value rises after a consolidation part.

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In October, Melika said that if the deal with sample completes and breaks to the upside, the Dogecoin value may attain $0.38 and $0.52 as quick targets. He added {that a} breakout above the sample’s neckline may result in a long-term value goal within the $3.80 areawhich ties in with greater resistance ranges, which he highlighted on the chart.

In a current replace to the October put up, Melika confirmed that buying and selling remains to be energetic and that the Dogecoin value is heading in the direction of the goal. As such, Dogecoin will probably rise to $0.52 after which to $3.80 quickly sufficient in the long run.

Crypto analyst Dima James additionally just lately highlighted a cup-and-handle sample that was forming for DOGE, as he predicted that the Dogecoin value may attain $10. The analyst famous that the meme coin has shaped this bullish sample in each market cycle. Dogecoin rose over 3,300% in 2016 and 12,000% in 2021 after this cup-and-handle sample shaped.

DOGE completes first weekly Golden Cross in 4 years

Self-proclaimed DOGE lead analyst on X Kevin Capital revealed that Dogecoin accomplished textbook weekly Golden Cross for the primary time in 4 years, with its 50 SMA exceeding 200. The analyst famous that it is a sign that the Dogecoin value is more likely to rise quickly sufficient.

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He additional revealed that in 2020, when the Golden Cross When this occurred, the Dogecoin value fell for a number of weeks earlier than rising to new all-time highs. As such, he warned market members to be considerably cautious within the brief time period as Dogecoin may expertise one other correction identical to it did in 2020. Nevertheless, he added that if the Bitcoin value decides to proceed its uptrend, DOGE will try this too. .

In the meantime, in one other X put up, Kevin Capital opined {that a} Dogecoin value improve to $3.90 on this market cycle appears unlikely. He added {that a} rise to $1.80 can also be a tall order however may positively occur relying on Bitcoin’s efficiency this bull run.

On the time of writing, the Dogecoin value is buying and selling round $0.28, up greater than 25% within the final 24 hours, in line with facts from CoinMarketCap.

Featured picture created with Dall.E, chart from Tradingview.com