Dogecoin (DOGE) Price Predicted to Increase Up to 90%

Bittime - Dogecoin is predicted to rise up to 90%, supported by divergence signals, RSI recovery, and Hyblock data showing long-term account stability. 

This prediction is reinforced by historical DOGE/BTC patterns that hint at a potential big rally after the Bitcoin halving. Read more!

Dogecoin Predicted to Rise Up to 90%

The emergence of divergence signals, which often indicate a possible trend reversal or continuation, is an important component supporting this bullish outlook.

Traders anticipate a reversal to bullish momentum for DOGE in this case when its price falls below its 200-week moving average.

Nonetheless, the Relative Strength Index (RSI) bounced from the oversold zone, indicating that now is a good time to enter long positions. 

Additionally, DOGE is expected to experience increases comparable to previous cycles, perhaps more than 90%.

Dogecoin (DOGE) Price Long Term

The recent percentage of long accounts is another important indicator indicating good results for DOGE in the fourth quarter.

Data collected by Hyblock shows that Dogecoin's long account trading percentage has remained stable over the past 24 hours and is trading at the 96th percentile. 

This stability shows that long-term traders have control, which increases bullish sentiment towards DOGE.

Read Also: Pre Market Price of CATS Coins, This is the Value!

Dogecoin Make Hug Profits

The historical pattern of the DOGE/BTC pair suggests that the market may be entering an interesting phase for Dogecoin. Therefore, DOGE is expected to become another memecoin in the current rally.

Previously, the DOGE pump started 235 days after Bitcoin halved, resulting in huge profits doubling. The current rate of 1 BTC is still increasing. 

Conclusion

Dogecoin (DOGE) is predicted to experience a significant increase of up to 90%, supported by various technical indicators that support the bullish view. 

Divergence on the chart, RSI recovery from the oversold zone, as well as prices being below the 200-week moving average indicate a potential trend reversal in a bullish direction. 

Data from Hyblock also shows that the percentage of long-term accounts remains stable, reflecting the optimistic sentiment of long-term traders. 

DOGE/BTC's historical patterns reinforce this prediction, where Dogecoin's big rally will likely follow its previous trend after Bitcoin halved, resulting in huge profits for investors.

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