Chart predicts $1+ DOGE – the analyst says that a bull run can start at any time
Author
Alejandro Ariche
Author
Share
DOGE continued its downtrend on Christmas Day as the token retreated by 1% in the last 24 hours. However, one analyst shared a Dogecoin price prediction of $1 if he sees an explosive move ahead and repeats historical patterns.
Dogecoin looks set to close the year with a loss of more than 60% as the crypto market shuns well-established meme coins in favor of exotic tokens like Pippin (Pippin) and MemeCore (MemeCore ($M).
However, trader Alan Tardigrade saw an interesting repetition of the descending triangle pattern that re-emerged at 2024, and this soon sent DOGE prices soaring.
As it was then, the On-Balance Volume (OBV) technical indicator fell below a key support area and then started to rise rapidly after breaking the DOGE triangle.
Tardigrade predicts it could go to $1 if that happens. This is the year It is consistent with the upside potential seen in 2024, when DOGE will rise from $0.10 to $0.45 in a few weeks.
Dogecoin price prediction: DOGE may drop another 31% before the next leg of the climb
Looking at Dogecoin's chart, there is still room for further declines before this next leg unfolds.
On Christmas Day, the trading volume is subdued as most traders are enjoying the holidays. Data from CoinMarketCap shows a 25% discount, which is 3% of the token distribution's market value.
The price broke just below the $0.13 support, and may now head towards $0.09. This means a 31% reduction in risk in the near future.
The Relative Strength Index (RSI) has failed to break above its 14-day moving average and midline for weeks. This means that bears still dominate price action because negative breakout readings remain high.
Aside from well-established meme coins like DOGE, a new mine-to-earn (M2E) game called Pepenode ($PEPENODE) offers a fun, easy, and cheap way to mine meme coins.
Pepenode ($PEPENODE) pre-sale to mine ‘Gamify' pays nearly $2.4 million
Mining cryptocurrencies previously required thousands of dollars to invest in expensive equipment. However, Pepenode ($PEPENODE) is here to change that by introducing a fun blockchain-based game that allows players to start mining servers quickly and smoothly.
Simply buy $PEPENODE tokens to open a virtual server and burn as many streams as you want to compete for the top spot in the leaderboard. Top miners are involved in finding useful meme coins like Bonk ($BONK) and Fartcoin ($FARTCOIN).
The more machines you start, the higher the rewards you will collect. Additionally, up to 70% of tokens will be permanently burned to upgrade existing bonds to reduce the circulating supply of $PEPENODE.
To buy $PEPENODE, simply go to the official Pepenode website and connect a compatible wallet like Best Wallet.
You can exchange USDT or ETH for this token or use a bank card to complete your purchase.
Visit the official Pepenod website here
Trending news, recommended popular crypto topics, price predictions
