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Dogecoin About to Reach ATH? Analyst Predicts Price for 2 Days
Cryptocurrency analyst Master Kenobi has made a bold prediction about Dogecoin's price in the next two days, stating that it will reach a new all-time high (ATH). The analyst has emphasized Dogecoin's Relative Strength Index (RSI), which he believes is very optimistic for this meme coin at the current time. Dogecoin's price will reach ATH in two days In a post on X, Master Kenobi predicts that Dogecoin's price could reach a new ATH in two days. The analyst claims that Dogecoin's 4-hour RSI chart appears to confirm his fractal setup. Based on this, he remarks that the upward momentum could reach $0.85 on November 25, marking a new ATH for the leading meme coin.
Master Kenobi also added that some people may even be able to identify potential price increase cycles on the RSI chart. Such a pattern also indicates the potential for price increase for Dogecoin, showing that this meme coin will witness a reversal of the price increase in an upward direction. This price increase reversal has occurred as DOGE has successfully broken above the $0.4 level. It is worth mentioning that cryptocurrency analyst Trader Tardigrade highlighted the price divergence on the 4-hour RSI chart. The analyst noted that this signal indicates a continuation of the upward trend in Dogecoin price volatility. His accompanying chart shows that DOGE could reach $0.7 in the next price surge. This would bring this meme coin closer to its ATH of $0.73. Meanwhile, even if the price of Dogecoin does not reach a new ATH on November 25, another analysis by Master Kebobi suggests that it could happen on December 2. The analyst had previously emphasized the 91-day cycle that he said Dogecoin is about to complete and suggested that it would lead to a price increase to $1 on December 2. The next level of resistance needs attention. With Dogecoin's successful surpassing of the $0.4 mark, cryptocurrency analyst Kevin Capital has provided detailed information about the next resistance level to watch. In a post on X, he noted that Dogecoin is surpassing the macro Fib level of .786. He further stated that the next resistance level is $0.54, followed by the current ATH of the meme coin at $0.73. Cryptocurrency analyst Javon Marks also confirms that a current ATH price increase for Dogecoin is in sight. In a post on X, he notes that Dogecoin has surged to $0.6533 and could break that level when achieved. He further states that this 52.2% price increase to $0.6533 could happen quickly, and a price increase to $1.25 will occur when that happens.
At the time of writing, Dogecoin is trading at around $0.46, up over 16% in the past 24 hours, according to data from CoinMarketCap.