The price of Dogecoin was Decreased steadily since December 2024 After hitting a new local peak in November. This has continued in the new year, and until now, Meme has lost more than 50 % of its value within four months. Although this has sparked fear in the hearts of investors, Tardigrade analyst at Crypto is moving in the opposite direction, where they show that Altcoin is close to the end of the decline, and in this way, a pump can be expected soon.
MACD and RSI resemble 2024
In x (formerly Twitter) mailThe encryption analyst pointed to some amazing similarities between the current Dogecoin scheme and what it appeared in 2024 before a rise of 400 %. Two things showed that technical developments indicated a possible outbreak like those seen in November.
For one, there is a MACD monotheism that is happening now. This unification began after the market collapsed in January, sent the price. Interestingly, MACD monotheism is similar to the unified monotheism in the months before November for Dogecoin. It also continued two months before the mutation. Now, the Dogecoin chart displays similar unification.
Another development on the graph is the difference of RSI. In October, just one month before the gathering in November, there was a difference as RSI decreased and then picked up quickly. In April, a similar trend was run after a sharp decline and then recovery. If this continues to play as it happened last year, the price of Dogecoin is close to the end of the declining direction and can put a bottom soon.
Where can the price of Dogecoin go from here?
If the price of Dogecoin persists in the opposite of the performance of 2024, it is that You can prepare for the main recovery direction. The last time this was played between October and November 2024, the final result was a 400 % increase in the price that saw Dogecoin to approximately $ 0.5.
Taking a braid from this and the price of Dogecoin is another 400 % increase It would put the M. currency close to its highest level ever The price of $ 0.73. Not only that, it is expected that the height in Dogecoin mobilizes the Mimi currency, which leads to the withdrawal of the likes of Shiba Inu and Pepe with it.
However, all this still depends on the total economic factors and the political scene. Currently, the Donald Trump War is just a stop for the next three months, and what happens as soon as Elapses will either make or break the market.
Distinctive image from Dall.e, Chart from TradingView.com
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