Crypto analyst Osemka suggested that DOGE is at a make-or-break level where it could see a parabolic move up or face a massive decline. The analyst pointed to it Dogecoin EMAwhich can determine the future movement for the leading meme coin.
Dogecoin EMA to determine the next move for Meme Coin
In one X postOsemka said that something should happen soon, referring to the Dogecoin EMA. The analyst pointed out that DOGE has been criticized by the EMA for the past three weeks that there will soon be no room to work and a decision will be made. The attached diagram shows DOGE price could still fall to a new low around $0.084. However, there is also the possibility that the meme coin may eventually break out of this EMA.
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This is while Dogecoin continues to struggle to break the psychological level of $0.10. Notably, this EMA is currently sitting just below this psychological level, which is likely to provide further resistance for the bullish meme coin. In War between Iran and America will also continue to pressure DOGE and other crypto prices, which may lead to further declines.
Crypto analyst Offered by TraderSZ on which the next move of Dogecoin will depend Bitcoin price action. He stated that DOGE could make a similar move as seen last year when the meme coin rose to around $0.3. Crypto analyst BitGuru also offers a bullish outlook on DOGE, pointing to a revival of the meme coin.
In one X postThe analyst said that Dogecoin appears to be in a downward trend after the elimination of liquidity and a long consolidation. If the support holds at the current level, the analyst predicts a rise of $0.13 and $0.15. He added that this is where the smart money usually starts to settle.
DOGE with his eyes running to $1.80
Crypto analyst Young Marx predicted that Dogecoin may rise to $1.80 in the next bull run. This came as he noted that over the periods, DOGE showed a clear and consistent trend with price breaks. He added that the meme coin will stagnate for a while and then a the great bull run.
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Marks stated that as part of this trend, Dogecoin’s next phase seems to include a big run. Mem Coin’s targets in this parabolic run include $0.739, $1.25 and a possible rally above $1.80. The rally will refer to these levels new all-time highs for DOGE. It is expected that this rally will be held between now and 2027.
At the time of writing, Dogecoin is reportedly trading at around $0.09639, up more than 4% in the last 24 hours. information from CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
