Dogecoin $0.192371 price stands at $0.106 at the time of this writing, maintaining critical support at $0.105. One prominent analyst has set a target of $1 for Dogecoin (DOGE). Additionally, two technical analysts have shared their predictions for Bitcoin (BTC) $75,830. What price levels can we expect these two giants to reach in the coming days?
Dogecoin (DOGE)
DOGE must hold $0.105 to continue its upward trajectory. The price declines of BTC, which have started to close below $63,000, have intensified sell-offs in altcoins. Interestingly, DOGE whales have recently experienced one of the strongest accumulation periods, perhaps signaling a renewed interest for expected peaks in the coming months.
Mikybull points to the potential victory of Trump as a reason for optimism. Could the largest meme coin draw a laughable chart when Trump, the greatest supporter of cryptocurrencies, takes office? It’s certainly possible.
“I believe Trump’s presidential victory could push $DOGE above $1 in this cycle. History does not repeat itself, but it rhymes.”
Citing Mark Twain, it’s suggested that we may witness a similar scenario, especially given Elon Musk’s strong support for Trump during the SNL Show in May 2021.
Bitcoin Expert Insights
Yoddha and Daan Crypto Trades have provided their forecasts for BTC in the last few hours. The first analyst discussed a BTC chart over a ten-day period, emphasizing that short-term fluctuations are unimportant and that the long consolidation phase is a precursor to a significant breakout. The target for BTC is set at $130,000, aligning with historical price growth trends.
Daan Crypto Trades focused on a four-hour chart, stating:
“Bitcoin has been trading alongside the 4-hour 200MA/EMA. It held support earlier this week but is retesting the 4H 200EMA. As long as these levels are maintained, the short/medium-term momentum favors the bulls. However, I want to see the price continuing and rising.”