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Crypto analyst Cryptokijker has revealed that the Dogecoin price is ready for an outbreak in the midst of solid The accumulation of whales. The analyst also unveiled the price goals that Doge could reach after this outbreak.
Dogecoin -price ready for outbreak above $ 0.17
In one TradingView -messageCryptokijker predicted that the price of Dogecoin is ready for an outbreak above $ 0.1790. The analyst revealed that the goals on this potential outbreak are $ 0.1840 and $ 0.1920. He noted that the price at this level one neutral bullish structure After the recent outbreak above the previous day Low (PDL).
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The analyst also emphasized a hidden bullish divergence that was spotted on the Relative Strength Index (RSI), which points to strength under the surface. This Dogecoin price forecast comes in the midst of one Massive accumulation of doge By whales. He noted that smart money has gathered heavily in the discount zone between $ 0.15 and $ 0.16, which supports this bullish bias.
The analyst noted that the structure fracture on the graph indicates the start of a Markup phase. He also noted that the volume profile supports the transition from accumulation to expansion. In the meantime, the strong support on the $ 0.1760 zone confirms earlier discount quantities, and the momentum building above the PDL suggests that the Dogecoin price could support this Bullish Momentum.
Market participants will also view the psychological level of $ 0.2 for the Dogecoin price for this potential outbreak. Crypto analyst Ali Martinez Dogged that Doge could gather to his all-time High (ATH) if it could protect a monthly close to $ 0.20. The analyst noted that such an outbreak would signal a strong bullish momentum and possibly attract an increased investor’s interest.
It is worth noting that Crypto analyst Master Kenobi recently also predicted that the Dogecoin prize could reach a new ATH in June. He stated that the most important meme coin on the rally could hit a new ATH up to $ 0.9.
Other factors that support a breakout from a doge
Crypto analyst Tardigrade trader stated that a Dogecoin price failure will be expected soon, so that the meme mint will be sent higher. This came when he noticed that Doge has moved between different series and experienced both false breakdowns and breakouts. The analyst added that the meme -Munt has now returned to its current reach, so that the phase is set for a price drop.
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In another X -post, trader Tardigrade revealed that The Dogecoin price Forms a diamond above the trend line at around $ 0.15. Based on this, he confirmed that things are going great for Doge and he urged market participants to wait for the next outbreak.
At the time of writing, the Dogecoin price acts at around $ 0.17, according to more than 2% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com
Credit : www.newsbtc.com
