国产av日韩一区二区三区精品,成人性爱视频在线观看,国产,欧美,日韩,一区,www.成色av久久成人,2222eeee成人天堂

Home web3.0 What's Next For The Dogecoin Bull Run?

What's Next For The Dogecoin Bull Run?

Nov 01, 2024 am 06:00 AM
dogecoin Bull Run Analyst Prediction

Crypto analyst Master Kenobi, who predicted the start of the Dogecoin bull run, has provided an update on what is coming next for the foremost meme coin.

What's Next For The Dogecoin Bull Run?

Dogecoin price has had an incredible run in 2023, rallying over 100% from its 2021 low. The meme coin has outperformed Bitcoin and several other cryptocurrencies in the market. As the year comes to an end, crypto analysts are providing their predictions for what is coming next for Dogecoin.

What’s Next For Dogecoin Bull Run? Master Kenobi Provides 2 Scenarios

Prominent crypto analyst Master Kenobi, who earlier predicted the start of the Dogecoin bull run, has now provided an update on what is coming next for the foremost meme coin. The analyst outlined two scenarios that could play out for the Dogecoin price from its current level.

Master Kenobi provided the update on the Dogecoin bull run in an X post. He mentioned that the market is 39 days away from closing the 235-day period since the Bitcoin halving. This is significant as it has historically marked the beginning of a bull run for DOGE/BTC.

Moreover, he revealed that the Dogecoin/Bitcoin chart touched the 200-day moving average (MA). In the 2021 bull run, this happened at the end of the 235-day period and not 39 days earlier like it just did. In line with this, Master Kenobi outlined two possible scenarios for the Dogecoin price.

The analyst stated that this could be a test, which will be followed by a consolidation period of around 39 days before a breakout. As for the second scenario, he remarked that this could mean that things are moving 39 days faster this time, indicating that Dogecoin is ready to outperform Bitcoin in this market cycle.

Master Kenobi had earlier mentioned that things could accelerate unexpectedly, leading to the Dogecoin price surging ahead of the US elections and catching many off guard. Based on this, the analyst is leaning toward the second scenario, which would lead to DOGE crossing above the 200 MA on the weekly chart this week.

He added that if the cross doesn’t come this week, there is no issue, as this would simply mean that scenario one will play out. The analyst’s prediction is undoubtedly one to take note of, considering that he had rightly predicted when the Dogecoin bull run would start. Based on his analysis, the bull run began in September as the meme coin witnessed four consecutive green weeks, which went on into October.

November Set To Usher In A Parabolic Bull Run For DOGE – Analyst

In another X post, crypto analyst Ali Martinez mentioned that history hints at the possibility of a “parabolic bull run” for Dogecoin in November. He added that market participants should keep an eye out for a sustained close above $0.17.

Indeed, November could be a very bullish month for Dogecoin, considering that the aftermath of the US elections always brings certainty to the crypto market. Moreover, Donald Trump is leading in the polls, which could enable Elon Musk to proceed with the Department of Government Efficiency (D.O.G.E), which has brought a lot of hype for Dogecoin so far.

At the time of writing, the Bitcoin price is trading at around $0.15, down over 2% in the last 24 hours, according to data from CoinMarketCap.

The above is the detailed content of What's Next For The Dogecoin Bull Run?. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undress AI Tool

Undress AI Tool

Undress images for free

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

WallitIQ (WLTQ): Investors Positioning For A 34,000% ROI As Dogecoin And Shiba Inu Prices Compete For Dominance WallitIQ (WLTQ): Investors Positioning For A 34,000% ROI As Dogecoin And Shiba Inu Prices Compete For Dominance Nov 15, 2024 pm 12:00 PM

The crypto industry is now in a full bullish mood where traders are looking for the best cryptocurrency to get in on. This bullish mood has seen the Dogecoin price and Shiba Inu price compete for dominance among both retail and institutional investor

Dogecoin's $1 Milestone Still Within Reach, Market Expert Reiterates Bullish Forecast Dogecoin's $1 Milestone Still Within Reach, Market Expert Reiterates Bullish Forecast Nov 19, 2024 am 03:30 AM

Dogecoin's recent significant price surge may have slowed down, leading to a brief price pullback after hitting the $0.42 level. However, the dog-themed meme coin's rally could only be the beginning

Dogecoin (DOGE) Price Prediction: DOGE Eyes 200% Surge to $1.16 as Miners Capitulate Dogecoin (DOGE) Price Prediction: DOGE Eyes 200% Surge to $1.16 as Miners Capitulate Nov 20, 2024 am 03:56 AM

Dogecoin [DOGE] is undoubtedly the best performer among legacy meme coins in Q4, with over 230% gains as of press time.

Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Nov 17, 2024 pm 10:08 PM

On November 17, 2024, the latest exchange rates of Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported.

Dogecoin and Cardano Soar as Bullish Sentiment Grows, While Analysts Eye Lunex Network for Massive DEX Token Potential Dogecoin and Cardano Soar as Bullish Sentiment Grows, While Analysts Eye Lunex Network for Massive DEX Token Potential Nov 17, 2024 am 06:34 AM

Throughout the bull run, different crypto's will surge at different times. Dogecoin and Cardano are already soaring before Bitcoin surpasses the $100,000 milestone

Dogecoin Creator Billy Markus (Shibetoshi Nakamoto) Suggests DOGE Should Follow Bitcoin's Lead and Become a Strategic National Reserve Asset Dogecoin Creator Billy Markus (Shibetoshi Nakamoto) Suggests DOGE Should Follow Bitcoin's Lead and Become a Strategic National Reserve Asset Nov 17, 2024 pm 09:54 PM

Now that Donald Trump is set to be the next president of the United States, a strategic Bitcoin reserve could become a reality soon.

Dogecoin (DOGE) Might Overtake Solana (SOL) to Claim the Fourth Spot, Analysts Speculate Dogecoin (DOGE) Might Overtake Solana (SOL) to Claim the Fourth Spot, Analysts Speculate Nov 15, 2024 pm 06:28 PM

Despite being separated by only one position in market rankings, the gap between Dogecoin and Solana has become a talking point for investors.

Analyst Says DOGE Could Explode To New ATH Analyst Says DOGE Could Explode To New ATH Nov 20, 2024 am 12:48 AM

The Pseudonymous analyst Bluntz in his recent post has underscored that Dogecoin looks poised for a new wave of upside bursts after hitting a local bottom