The rate of Dogecoin is now approaching $1, just be patient. Analysts are saying that the technical trendline is about to break, and then watch it go much higher! It has been going down for quite some time, but now the scene is about to change.
This DOGE is repeating the same old method that caused its price to boom before! One analyst has shown a chart indicating that when it went above the falling trendline in September-November 2024, the price increased significantly for 55 days.
This downward line has been bothering us for months. However, Master Kenobi is hopeful that Dogecoin will break it, as its momentum is increasing.
Look, the current condition of DOGE feels just like the previous breakout. According to Master Kenobi's analysis, if this current resistance line breaks, it could go straight from $0.158 to $0.9 or even $1! Just think about how much money will be made! This would be an increase of about 533%, it would be amazing!
According to the previous calculations, the chart shows that after the breakout, it could reach $0.9 in 55 days. And this time frame could be in the first two weeks of June, just like the last big breakout.
Also, check Dogecoin's RSI, it's at 43.35, meaning it hasn't been overly bought or sold, it's just right. If the daily price closes above this resistance line, then the next big rally could start, which has been challenged many times before.
And listen, a good pattern has also formed on the 4-hour chart, indicating that Dogecoin is now set to rise. Trader Tardigrade has analyzed and stated that Dogecoin is breaking out of the Falling Wedge and is now ready to move upward. The RSI has also crossed above 50, meaning people are thinking positively now.
Before the Falling Wedge, Dogecoin was going downward, but this pattern often signals price increases, and Dogecoin is doing just that. It seems its resistance will increase soon.
Insha'Allah, everything will be alright and we will all become rich! 😉
