{"id":656691,"date":"2024-12-04T12:30:25","date_gmt":"2024-12-04T12:30:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=656691"},"modified":"2024-12-04T10:10:13","modified_gmt":"2024-12-04T10:10:13","slug":"if-dogecoin-mirrors-last-cycle-surge-to-4-begins-week-end","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/dogecoin-2\/if-dogecoin-mirrors-last-cycle-surge-to-4-begins-week-end\/","title":{"rendered":"If Dogecoin Mirrors Last Cycle, The Surge To $4 Begins At Week’s End"},"content":{"rendered":"

After a staggering rally exceeding 200% in the first two weeks of November, Dogecoin (DOGE) has entered a consolidation phase. Crypto analyst Kevin (@Kev_Capital_TA) suggests<\/a> this could be the calm before the storm, hinting at a potential surge similar to a previous market cycle.<\/p>\n

Is Dogecoin Heading Towards $4?<\/h2>\n

Kevin notes that in Dogecoin’s last cycle, the memecoin consolidated for 24 days after its first massive rally before ascending again to what he describes as the “macro golden pocket”\u2014a price range between $3.80 and $4.00 which aligns with the 1.618 Fibonacci extension level.He believes that if DOGE follows a similar trajectory<\/a>, price could skyrocket by the end of the week, potentially leading to a new all-time high (ATH) by the end of the month.<\/p>\n

Related Reading: Dogecoin Alert: Why December 5 Is A Game-Changing Date For Price<\/a><\/div>\n

\u201cIn Dogecoin previous cycle<\/a> when it had it’s first major leg up it consolidated for 24 days after that move before legging up again to the macro golden pocket. If DOGE were to follow a similar path that would mean that that the next leg will start by the end of the week and Doge will begin its path the macro golden pocket which is at $3.80-$4.00,\u201d Kevin states.<\/p>\n

\"Dogecoin
Dogecoin daily price chart (DOGE\/USD) | Source: X @Kev_Capital_TA<\/figcaption><\/figure>\n

However, he tempers expectations by acknowledging that such astronomical performance is hard to predict: \u201cThat would be astronomical performance though and it’s hard to make that type of call. Let’s start with making a new ATH by end of month like I predicted back in September.\u201d<\/p>\n

The current price position of Dogecoin is critical. Analyzing the daily DOGE\/USD chart, Kevin observes that DOGE is “actively testing this major trend line of support on the daily RSI.” A breach of this support could “accelerate downside. Bulls wants this to hold if possible.\u201d<\/p>\n

Related Reading: Dogecoin Whales Keep Buying \u2013 DOGE Metrics Reveal Demand Remains Strong<\/a><\/div>\n

He adds that while the RSI trend line held on the daily close, “it needs to bounce now if we are going to hold it.” The influence of Bitcoin’s (BTC) price movement could be pivotal: “If BTC can leg up, it would save us,\u201d he notes.<\/p>\n

\"Dogecoin
Dogecoin daily RSI | Source: X @Kev_Capital_TA<\/figcaption><\/figure>\n

Bitcoin itself has been consolidating<\/a> since reaching a reported ATH of $99,588 on November 22, trading within a range of $90,800 to $98,500. Kevin describes a “tug of war between price action and this downward momentum on the indicators,” as the daily MACD shows increased downside momentum that the price isn’t reflecting. He emphasizes that “one of them is going to win eventually.”<\/p>\n

On the 4-hour BTC\/USD chart, Kevin highlights a symmetrical triangle pattern nearing its apex, suggesting an imminent breakout. Despite recent volatility, “BTC still has not broken down or even closed a 4HR candle below this trend line,” indicating strong support levels.<\/p>\n

He also points out significant liquidation levels around $100,000, stating that “it’s only a matter of time before BTC decides to come up and take that liquidity at $100K.”<\/p>\n

\"Bitcoin
Bitcoin liquidation map | Source: X @Kev_Capital_TA<\/figcaption><\/figure>\n

Such a move by Bitcoin could herald the next major price surge for Dogecoin, aligning with the patterns observed in the last cycle. Kevin’s analysis suggests that the interplay between Bitcoin and Dogecoin prices remains a crucial factor in predicting the next market movements.<\/p>\n

At press time, DOGE traded at $0.4194.<\/p>\n

\"Dogecoin
DOGE price, 1-week chart | Source: DOGEUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

After a staggering rally exceeding 200% in the first two weeks of November, Dogecoin (DOGE) has entered a consolidation phase. Crypto analyst Kevin (@Kev_Capital_TA) suggests this could be the calm before the storm, hinting at a potential surge similar to a previous market cycle. Is Dogecoin Heading Towards $4? Kevin notes that in Dogecoin’s last cycle, the memecoin consolidated for 24 days after its first massive rally before ascending again to what he describes as the “macro golden pocket”\u2014a price range between $3.80 and $4.00 which aligns with the 1.618 Fibonacci extension level.He believes that if DOGE follows a similar trajectory, price could skyrocket by the end of the week, potentially leading to a new all-time high (ATH) by the end of the month. Related Reading: Dogecoin Alert: Why December 5 Is A Game-Changing Date For Price \u201cIn Dogecoin previous cycle when it had it’s first major leg up it consolidated for 24 days after that move before legging up again to the macro golden pocket. If DOGE were to follow a similar path that would mean that that the next leg will start by the end of the week and Doge will begin its path the macro golden pocket which is at $3.80-$4.00,\u201d Kevin states. However, he tempers expectations by acknowledging that such astronomical performance is hard to predict: \u201cThat would be astronomical performance though and it’s hard to make that type of call. Let’s start with making a new ATH by end of month like I predicted back in September.\u201d The current price position of Dogecoin is critical. Analyzing the daily DOGE\/USD chart, Kevin observes that DOGE is “actively testing this major trend line of support on the daily RSI.” A breach of this support could “accelerate downside. Bulls wants this to hold if possible.\u201d Related Reading: Dogecoin Whales Keep Buying \u2013 DOGE Metrics Reveal Demand Remains Strong He adds that while the RSI trend line held on the daily close, “it needs to bounce now if we are going to hold it.” The influence of Bitcoin’s (BTC) price movement could be pivotal: “If BTC can leg up, it would save us,\u201d he notes. Bitcoin itself has been consolidating since reaching a reported ATH of $99,588 on November 22, trading within a range of $90,800 to $98,500. Kevin describes a “tug of war between price action and this downward momentum on the indicators,” as the daily MACD shows increased downside momentum that the price isn’t reflecting. He emphasizes that “one of them is going to win eventually.” On the 4-hour BTC\/USD chart, Kevin highlights a symmetrical triangle pattern nearing its apex, suggesting an imminent breakout. Despite recent volatility, “BTC still has not broken down or even closed a 4HR candle below this trend line,” indicating strong support levels. He also points out significant liquidation levels around $100,000, stating that “it’s only a matter of time before BTC decides to come up and take that liquidity at $100K.” Such a move by Bitcoin could herald the next major price surge for Dogecoin, aligning with the patterns observed in the last cycle. Kevin’s analysis suggests that the interplay between Bitcoin and Dogecoin prices remains a crucial factor in predicting the next market movements. At press time, DOGE traded at $0.4194. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":656746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86147],"tags":[1785,89174,85675,7,1803,1804,1805,1809],"class_list":["post-656691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin-2","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-analysis","tag-dogecoin-technical-analysis"],"acf":[],"yoast_head":"\nIf Dogecoin Mirrors Last Cycle, Surge To $4 Begins At Week's End<\/title>\n<meta name=\"description\" content=\"Kevin notes that in the last cycle, Dogecoin price consolidated for 24 days after its first massive rally before ascending again.\" \/>\n<meta name=\"robots\" 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