Analysts split: Dogecoin could rally to $4 or fall to $0.05
Trader Tardigrade maps 3,000% path for Dogecoin to $4; Bitcoinsensus flags $0.05 risk
Analyst Trader Tardigrade says Dogecoin can jump 3,000% to $4 on a “launch pad” base. Bitcoinsensus warns of a head-and-shoulders breakdown toward $0.05.
Tardigrade calls the setup “ready” for a parabolic move. He shared a chart and compares the structure to the 2017 cycle, when DOGE rallied from $0.000170 to $0.005 X post Bitcoinist.
Momentum is the trigger, he says. The coin flashed bullish divergence twice. Price made lower lows while indicators didn’t follow, which he reads as fading sell pressure X post Bitcoinist.
He also spots an inverse head and shoulders on lower timeframes. Price is pushing to the neckline. A clean break and hold would confirm a short-term relief rally and could start a multi-timeframe trend reversal. First aim is to reclaim $0.10 X post Bitcoinist.
Bitcoinsensus tracks a large multi-cycle structure. He notes similarities with prior macro consolidations and keeps “cycle 3” in focus X post Bitcoinist.
Near term, he sees weakness. A head-and-shoulders breakdown is “in play,” with a measured move pointing to lower support and potential $0.05 if it completes X post Bitcoinist.
As of writing, DOGE trades around $0.095, up over 2% in 24 hours CoinMarketCap.
- Bull triggers: two bullish divergences, inverse H&S, “launch pad” base X X.
- Key levels: $0.10 reclaim, $4 ATH target, $0.05 downside risk X X.
