Dogecoin

Elon Musk

<p>Dogecoin took he show of the market following Trump’s win in the US elections. The DOGE price pumped from $0.15 to $0.42 before consolidating int he current $0.38-0.40 range.</p>
<p>Mikybull analyst updated his DOGE price forecast to his 77k followers on X, formerly Twitter.</p>
<p>Mikybull’s chart shows Dogecoin testing an important resistance zone that’s acted as a ceiling in the past. When Doge has broken above this level before, it’s led to huge rallies. Now, it looks like a classic “cup and handle” pattern is forming – a bullish sign that often precedes a breakout.</p>
<p>The trader is also pointing to Fibonacci extension levels that <a href="https://captainaltcoin.com/this-dogecoin-indicator-could-signal-a-7000-rally-in-doge-price/" target="_blank" rel="noopener noreferrer nofollow">suggest potential Doge targets</a> of $1.67 and $4.36 if the rally continues. And he notes an “Adam and Eve” double bottom pattern, another bullish formation.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="581" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-1024x581.png" alt="" class="wp-image-582981" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-1024x581.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-767x435.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-1536x871.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-2048x1162.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-264x150.png 264w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-617x350.png 617w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514-788x447.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-514.png 1946w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: X/<a href="https://x.com/MikybullCrypto/status/1856695260178763823" target="_blank" rel="noopener noreferrer nofollow">@MikybullCrypto</a></strong></em>
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<p>History Supports the Upside Interestingly, Mikybull notes that back in 2020, whenever Doge’s RSI (a momentum indicator) crossed above 70, massive price surges followed – over 16,000% at one point. With the RSI approaching that level again, he thinks we could be set up for another monster rally.</p>
<p>$1 to $3 Price Target Putting it all together, the trader is forecasting Dogecoin could reach a price between $1 and $3 in the current cycle. That aligns closely with the Fibonacci targets on his chart. If Doge can break past key resistance levels, the upside potential seems significant.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/meme-coin-whales-are-massively-accumulating-pepe-will-price-keep-pumping/" target="_blank" rel="noopener noreferrer nofollow">Meme Coin Whales Are Massively Accumulating PEPE – Will Price Keep Pumping?</a></strong></em></p>
<p>Elon Musk <a href="https://x.com/elonmusk/status/1857050774288670736" target="_blank" rel="noopener noreferrer nofollow">has been mentioning Dogecoin</a> multiple times on X (formerly Twitter) these days. He’s talked about working on a new project with the US government’s Department of Energy Efficiency (DOGE). Mikybull’s $1-$3 price forecast is certainly ambitious, but let’s take this one step at a time. The next logical milestone for Doge is to break its previous all-time high of $0.73 from 2021. If it can accomplish that, the path to $1 will be much clearer.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/this-trader-updates-his-dogecoin-doge-price-prediction-is-1-next/" rel="noopener noreferrer nofollow">This Trader Updates His Dogecoin (DOGE) Price Prediction – Is $1 Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Trader Updates His Dogecoin (DOGE) Price Prediction – Is $1 Next?

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