Dogecoin Price Predicted to Hit $0.3 by Crypto Analyst
Dogecoin is currently trading between $0.2 and $0.24, with bulls maintaining support levels despite a market sell-off since September.
A crypto analyst predicts Dogecoin could rally to $0.3 in October, following the higher-lows trendline established since August.
The price is supported by the 1D MA100; if maintained, it suggests continued bullish momentum.
October is historically bullish for Dogecoin, potentially testing the higher-highs trendline at the 1.136 Fibonacci extension level, which aligns with a price of $0.32.
Failure to hold the 1D MA100 could result in a bearish decline, possibly dropping the price to $0.17.
The current position above the 1D MA100 presents a favorable risk-reward ratio for investors.
