Home Fear & Greed Pools Wallets Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 16769
Markets: 95959
Crypto Currency Tracker logo Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRO
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VEF
VND
VES
VUV
WST
ZAR
ZMW
ZWL
Market Cap
24h Vol
16769
Cryptocurrencies
55.39%
Bitcoin Share
Bitcoinist 2024-12-30 07:00:14

Dogecoin Price Vs. Bitcoin Halving: Previous Cycle Moves Show What To Expect Next For DOGE

Dogecoin Price Vs. Bitcoin Halving: Previous Cycle Moves Show What To Expect Next For DOGE

Crypto analyst Master Kenobi has provided insights into the current Dogecoin price action while making reference to the Bitcoin halving and previous cycles. Using these metrics, the analyst revealed what phase of the bull Dogecoin is currently in and what next to expect for DOGE. What Next For Dogecoin Price Based On Bitcoin Halving And Previous Cycles In an X post , Master Kenobi noted that it had been 254 days post-Bitcoin Halving while observing the DOGE-BTC weekly chart in logarithmic view. Comparing the Dogecoin price action to the previous cycle, he remarked that the Relative Strength Index (RSI) suggests that DOGE is currently between Step 2 and Step 3. Master Kenobi further noted that in the last cycle, the RSI stayed 84 days above the Moving Average (MA), then briefly dropped below it, and then entered a massive pump at Step 3. On the chart, the Dogecoin price is said to have dropped against BTC for two weeks, then moved sideways. The time between the local top and the next peak was 77 days. The crypto analyst revealed that a similar pattern for the Dogecoin price is currently unfolding. DOGE’s RSI has also been 84 days above the MA, followed by a drop below it at approximately the same level. The price action now hints at a consolidation phase lasting about 77 days, measured from the last cycle top to the next. Using this 77-day timeline, Master Kenobi stated that the next peak for the Dogecoin price should occur around January 20, 2025. He added that he is not focused on the value but on the timing. Meanwhile, the crypto analyst drew attention to a significant event on January 20 that could spark the pump for DOGE. Donald Trump’s inauguration is the significant event that Master Kenobi hinted at. The inauguration could contribute to the pump for the Dogecoin price, especially considering that Elon Musk’s Department of Government Efficiency (D.O.G.E) will come to life. DOGE Has Completed A Retest Of Critical Zones In an X post, crypto analyst Kevin Capital revealed that the Dogecoin price has completed the retest of $0.26 and the macro golden pocket and Bull Market Support band. The crypto analyst remarked that for DOGE to remain macro-bullish and head higher, the foremost meme coin needs to see a significant bounce from this zone. Kevin added that a loss of the $0.26 zone on weekly closes could be catastrophic. Meanwhile, crypto analyst Trader Tardigrade provided a bullish outlook for the Dogecoin price. He drew attention to a symmetrical triangle that had formed for DOGE and stated that this could act as a solid base for the next leg up. At the time of writing, the Dogecoin price is trading at around $0.31, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Most Read News

Market Cap
24h Vol
55.39%
Bitcoin Share
19
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.