Dogecoin

<p>Master Kenobi shared a price analysis with his more than 18,000 followers on X to show that the price of Dogecoin might reach an all-time high (ATH) in December 2024. His analysis is based on historical price patterns and the alignment of key events in the cryptocurrency market.</p>
<p>The analyst notes that the current cycle appears to have started on September 2, 2024. This is roughly two months earlier than in the previous cycle, which began on November 3, 2020. This timing aligns with a prediction he has been developing over the last 1.5 years.</p>
<p>By reviewing DOGE’s price chart, he anticipates that the cryptocurrency could achieve a new ATH around December 2, 2024. He emphasizes that, while this projection may seem ambitious, historical trends suggest that significant price movements are indeed possible.</p>
<h2 class="wp-block-heading" id="doge-price-analysis">DOGE Price Analysis</h2>
<p><a href="https://x.com/btc_MasterPlan/status/1861734835326226917" target="_blank" rel="noopener noreferrer nofollow">In his analysis</a>, Master Kenobi breaks down <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s price action</a> using a logarithmic scale and various trendlines, providing a detailed context to his forecast.</p>
<p>The analyst highlights key dates in Dogecoin’s history, notably February 27, 2017, which marked the start of a significant upward trend, and the notable breakout on November 3, 2020.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="544" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-1024x544.png" alt="" class="wp-image-588824" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-1024x544.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-300x159.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-766x407.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-1536x816.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-2048x1088.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-282x150.png 282w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-659x350.png 659w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959-788x418.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-959.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>He identifies September 2, 2024, as the start of the current cycle, following a pattern of approximately 1,350 to 1,400 days between major breakout events, reinforcing his confidence in predicting future movements.<br><br><strong>Green Trendline (Support)</strong>: This trendline represents a long-term accumulation phase where DOGE has historically found support before embarking on rallies.</p>
<p><strong>Yellow Trendline (Intermediate Resistance)</strong>: The analyst projects that Dogecoin could reach this line at approximately $1.08, serving as a mid-term resistance level.</p>
<p><strong>Orange Trendline (Major Resistance):</strong> This level signifies the peak during parabolic runs, with a target price of around $2.90 for this cycle.</p>
<p><strong>Blue Trendlines</strong>: These lines mark long-term support zones, outlining the lower bounds of DOGE’s price action across cycles.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/stacks-stx-price-targets-10-as-bullish-wave-looms-dymension-dym-eyes-breakout-to-3/" target="_blank" rel="noopener noreferrer nofollow">Stacks (STX) Price Targets $10 as Bullish Wave Looms; Dymension (DYM) Eyes Breakout to $3</a></em></strong></p>
<h2 class="wp-block-heading" id="key-projections-and-expectations">Key Projections and Expectations</h2>
<p>Master Kenobi forecasts <a href="https://www.babypips.com/crypto/glossary/all-time-high-ath" target="_blank" rel="noopener noreferrer nofollow">a new ATH</a> by December 2, 2024, in line with historical breakout patterns. The earlier alignment of events compared to past cycles adds credibility to his prediction. He outlines three potential targets:</p>
<ul class="wp-block-list">
 <li><strong>Conservative Target</strong>: $1.08 at the yellow trendline.</li>
 <li><strong>Aggressive Target</strong>: $2.90 at the orange trendline.</li>
 <li><strong>Mid-Range Target:</strong> Between $1.40 and $1.45, reflecting either a doubling of the previous ATH or a midpoint to the orange line.</li>
</ul>
<p>The analyst’s confidence is bolstered by historical surges in DOGE’s price from the green trendline to the yellow and orange lines in previous cycles. He addresses skepticism by pointing out that disbelief often accompanies past breakouts.</p>
<p>While Master Kenobi’s model suggests potential upside, he advises traders to maintain caution, as market dynamics can change unexpectedly. He encourages an open-minded approach, using historical data as a guide while remaining receptive to the possibility of significant price movements.</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>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/top-analyst-predicts-dogecoin-could-hit-all-time-high-in-december-backed-by-doge-price-analysis/" rel="noopener noreferrer nofollow">Top Analyst Predicts Dogecoin Could Hit All-Time High in December, Backed by DOGE Price Analysis</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analyst Predicts Dogecoin Could Hit All-Time High in December, Backed by DOGE Price Analysis

Table of Contents

CaptainAltcoin

Other articles published on Nov 27, 2024

Best Meme Coins to Buy in November 2024: BTFD Coin Presale Leads the Pack as Brett and Notcoin De...

Crypto adoption helps boost mortgage access for US low-income households

BYDFi Collaborates with Vietnamese Leaders to Advance Crypto Trading

Singapore Gulf Bank Plans $50M Fundraising for Stablecoin Payments Acquisition

Binance Lawsuit: SEC Allowed to Exceed Page Limit for Legal Brief

Bitcoin Breaks $95K Amid Optimism Over Inflation Data and Fed Policy

Join our free newsletter for daily crypto updates!