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JMORG encryption analyst provided an in -depth technical analysis, indicating what could happen Dogecoin price One of its current levels. The Upper Mimi currency has already decreased to less than 0.2 dollars as part of the wider encryption market correction.
How to see the price of Dogecoin is one of the current levels
in Tradingvief PostJmorg stated that Dogecoin has a meaningful momentum behind it Current price workIt is clear in the money flow index (MFI). He pointed out that the index accelerates very low momentum and heads up in the weekly timetable.
The analyst also noted that the Bollegerer range is narrowed to its lowest historical levels, which can eventually be the stimulating of the fluctuations needed to return to a return to or exceed its current height at all (ATH). He claimed that Dogecoin could reach one dollar based on a Move a cup and a handle. Meanwhile, the first Meme currency can touch $ 0.95 based on the size of the rectangle.
Comment on Fibonacci retreatJmorg stated that, given the momentum and possible increase in size, it appears that the decline to the current ATH of $ 0.73. The analyst added that the temporary suspension and the continuation of the highest progress will put Dogecoin near $ 1.20.
Follow hint Historical Dogecoin styleWhich witnessed standard gains of Mimi by 8000 % and 2000 %. The analyst pointed out that a profit of 8,000 % will collide to $ 15, or the maximum market of $ 2.3 trillion. Jmorg noticed that it looks unlikely, as BTC has a market value of about $ 2.2 trillion.
However, the scenario analyst in which bitcoin prices collects to $ 200,000, then sends the pattern to Dogoin to $ 15. He pointed out that such a scenario makes the target price of $ 15 more realistic and that, since Crypto cannot be predicted, everything is possible.
Factors that can send Dog to their highest levels
In its analysis, JMORG also identified the factors that can send the price of Dogecoin to higher levels. First, he stated that the renewal elections in the middle of the period will be important and that it is suspected that the Trump administration will do its best to maintain control of the capital, which is likely to lead to this Crying policies.
The analyst added that the policies supporting the quarter and disruption can be the strong background winds of the American economy, which will help maintain the employment of people and maintain high asset prices in the end.
Another factor identified jmorg is Dogecoin etf. He pointed out that approval of these funds is probably, and this can provide a great source of demand. DOGE’s investment funds will pay institutional flows, which can raise prices for Mimi.
The last factor is the potential integration of DOGECOIN payments X social media platform. The encryption analyst indicated that this does not seem unrealistic, given that Elon Musk is a big fan of the M. Like Doge Etfs, he said this could provide a source of demand for the M -currency.
At the time of writing this report, the price of Dogecoin is traded at about $ 0.1897, a decrease of more than 7 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, tradingvief chart
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