DOGE price gained 340% the last time this indicator turned bullish
Main Idea
Dogecoin's price is showing bullish signals similar to past rallies, with analysts predicting potential gains of up to 340% based on technical indicators and chart patterns.
Key Points
1. The MACD indicator has flashed a bullish signal for Dogecoin, similar to past instances where DOGE's price rose between 270% and 340%.
2. A double-bottom pattern on the chart suggests a potential breakout, with price targets around $0.48.
3. Analysts like Cas Abbé and CipherX highlight strong support levels and project further upward momentum, with targets ranging from $0.50 to $1.1.
4. Past performance shows DOGE tends to rally sharply after bullish MACD crosses, with gains of 273% in Q4 2023 and 343% in Q4 2024.
5. Key support levels around $0.20-$0.22 are crucial for maintaining bullish momentum, with liquidity targets at $0.48-$0.50.
Description
Dogecoin price rallied between 270% and 340% after similar bullish crosses in the past, and the same signal is flashing again this July.
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