$DOGE Dogecoin (DOGE) recorded an increase of nearly 3% in the last 24 hours alongside a surge in trading volume that rose by 57%. Some analysts predict that DOGE could potentially yield significant profits in the coming days due to several bullish signals, such as ¹:
- *Bullish Divergence on Daily RSI*: Although the price is forming lower lows, the momentum indicator shows higher lows, indicating potential trend reversal.
- *RSI Oversold*: The RSI has entered the oversold zone and is expected to test the trend resistance line for the fourth time after exiting an extreme bearish phase.
- *Higher Low*: The price is forming higher lows, indicating the potential end of the ongoing downtrend.
- *Golden Cross on EMA*: The 9-day and 21-day EMAs are forming a golden cross, reinforcing the signal that a short-term upward trend is forming.
With supporting technical analysis, several predicted price targets for DOGE are:
- *$0.2061*: Initial price target for DOGE if the bullish trend continues.
- *$0.26*: Next target if DOGE successfully breaks through resistance at $0.21.
- *$0.40*: Mid-term target predicted by analysts.
However, it is important to remember that the crypto market is highly volatile and influenced by various factors. Be sure to monitor price movements and adjust your investment strategy accordingly.