Dogecoin Price Sees Bi-Monthly RSI Rise To 2020 Levels, Here’s What Happened Last Time
Crypto analyst Trader Tardigrade has observed a similarity between the current Dogecoin price action and that of 2020, noting that the bi-monthly Relative Strength Index (RSI) has risen to levels seen in 2020 before a significant bull run. The analyst predicts that the next three bi-monthly candles will be significant for Dogecoin, with potential for a parabolic rise to as high as $44.
Other analysts, including Ali Martinez and Olivier, have offered bullish predictions for Dogecoin, with potential price targets of $23 and $32, respectively. Additionally, analyst Master Kenobi compared Dogecoin's growth potential to Bitcoin, highlighting the possibility of Dogecoin's market cap increasing 10x to $290 billion, putting its price at $2. Meanwhile, at the time of writing, Dogecoin is trading at around $0.2, up over 3% in the last 24 hours.
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