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Crypto analyst Master Kenobi has made a bold two-day prediction for the Dogecoin price, stating that it will hit a new all-time high (ATH) in the next two days. The analyst highlighted Dogecoin’s Relative Strength Index (RSI), which he suggested is very bullish for the meme coin at the moment.
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Dogecoin Price To Reach ATH In Two Days
In an X post, Master Kenobi predicted that the Dogecoin price could reach a new ATH in two days. The analyst stated that Dogecoin’s 4-hour RSI chart appears to confirm his fractal setup. Based on this, he remarked that the leg up could potentially reach $0.85 by November 25th, marking a new ATH for the foremost meme coin.
Master Kenobi added that some might even identify a potential bullish divergence within the RSI chart. Such a pattern also presents a bullish outlook for the Dogecoin price, indicating that the meme coin is set to witness a bullish reversal to the upside. This bullish reversal is already happening, as DOGE has successfully broken above $0.4.
It is worth mentioning that crypto analyst Trader Tardigrade highlighted a bullish divergence on the 4-hour RSI chart. The analyst noted that this signal indicates an uptrend continuation in the Dogecoin price movement. His accompanying chart showed that DOGE could reach $0.7 on its next leg up. This will bring the meme coin close to its ATH of $0.73.
Meanwhile, even if the Dogecoin price doesn’t hit a new ATH by November 25, another of Master Kebobi’s analyses shows that it could happen by December 2. The analyst had previously highlighted a 91-day sequence, which he said Dogecoin is about to complete and suggested would lead to a price rally to $1 by December 2.
The Next Resistance Level To Watch Out For
With the Dogecoin price successfully breaking above $0.4, crypto analyst Kevin Capital has provided insights into the next resistance level to watch out for. In an X post, he noted that Dogecoin is breaking out of the macro .786 Fib level. He added that the next resistance is $0.54, followed by the meme coin’s current ATH at $0.73.
Crypto analyst Javon Marks also confirmed that a rally to the current ATH for the Dogecoin price was in sight. In an X post, he said Dogecoin was surging towards $0.6533 and could break out of that level once it reached the target. He added that this 52.2% price surge to $0.6533 could happen quickly and that a rally to $1.25 comes into play once that happens.
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At the time of writing, the Dogecoin price is trading at around $0.46, up over 16% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Reddit, chart from TradingView
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