Crypto analyst Master Kenobi has predicted that Dogecoin could reach a new all-time high (ATH) of $0.85 within the next two days. This forecast is based on the current bullish indicators in Dogecoin’s Relative Strength Index (RSI), suggesting a significant upward movement for the cryptocurrency.
- Master Kenobi predicts Dogecoin ATH in two days
- Dogecoin's RSI indicates bullish momentum
- Price target of $0.85 by November 25
- Next resistance level at $0.54 identified
- Current Dogecoin price is $0.46
- Potential rally to $1 by December 2
As of November 24, 2024, Dogecoin is trading at approximately $0.46, having risen over 16% in the last 24 hours. Analysts are closely monitoring the price movements and potential resistance levels as the market evolves.
Master Kenobi’s prediction comes as Dogecoin has recently broken above the $0.4 mark, indicating a bullish trend. Analysts have noted that the 4-hour RSI chart shows potential bullish divergence, which typically signals an upward price movement. This analysis aligns with another crypto analyst, Trader Tardigrade, who also observed a bullish divergence and suggested that Dogecoin could reach $0.7 in the near term, approaching its previous ATH of $0.73.
Currently, Dogecoin is trading at around $0.46. If the price does not reach the anticipated ATH by November 25, Master Kenobi indicated that a rally could still occur by December 2, potentially driving the price to $1. This prediction is based on a 91-day cycle that Dogecoin is nearing completion of, which historically has led to significant price increases.
In terms of resistance levels, crypto analyst Kevin Capital has identified the next key resistance at $0.54, followed by the current ATH of $0.73. Another analyst, Javon Marks, has suggested that a surge towards $0.6533 is possible, which would mark a 52.2% increase from current levels. This could pave the way for further gains, potentially reaching $1.25 if the upward momentum continues.
In summary, Dogecoin’s recent price movements and the predictions from various analysts suggest a potentially bullish outlook. With significant resistance levels to monitor, investors will be watching closely to see if the price reaches the anticipated highs within the specified time frames.
