Dogecoin Price Expected to Reach New ATH in Two Days
Crypto analyst Master Kenobi predicts that Dogecoin will reach a new all-time high (ATH) within two days, citing a bullish Relative Strength Index (RSI) for the meme coin.
Dogecoin Price To Reach ATH In Two Days
In an X post, Master Kenobi forecasts that Dogecoin could hit a new ATH of $0.85 by November 25th, supported by its 4-hour RSI chart confirming his fractal setup.
He noted a potential bullish divergence in the RSI chart, indicating a bullish reversal is underway as DOGE has surpassed $0.4.
Analyst Trader Tardigrade also identified a bullish divergence on the 4-hour RSI chart, suggesting DOGE might rise to $0.7, nearing its previous ATH of $0.73.
If the price does not reach a new ATH by November 25, Master Kenobi indicated it could occur by December 2, based on a 91-day sequence he highlighted, which may lead to a rally towards $1.
The Next Resistance Level To Watch Out For
With Dogecoin breaking above $0.4, analyst Kevin Capital stated the next resistance level is $0.54, with the current ATH at $0.73 following that.
Analyst Javon Marks confirmed that a move towards the current ATH is likely, predicting a surge to $0.6533, which could enable a subsequent rally to $1.25.
Currently, Dogecoin trades around $0.46, reflecting over a 16% increase in the last 24 hours, according to CoinMarketCap.
Featured image from Reddit, chart from TradingView