Crypto Analyst Bartfill Provides Insights on Next Move Based on Dogecoin Price Previous performance. Based on his analysis, Dogecoin may witness a significant price correction before continuing its upward trend.
Where is the price of Dogecoin next?
In A TradingView postBartfill compared the current state of the Dogecoin price to its price action during the previous bull market. This led to analyst predictions that Dogecoin could fall to around $0.32 to $0.34. The analyst added that DOGE could witness a strong rally again About $0.52 up to $0.53.
That Dogecoin price range is 68.8 Fibonacci levels The global swing from the peak to the bottom of the previous bull market. Once Dogecoin’s price peaks, Bartfill predicts that the most prominent meme coin could still experience a significant drop to around $0.25. The analyst’s accompanying chart suggested that Dogecoin could peak between now and March 2025 and then record a price decline to $0.25 in the second quarter of next year.
Crypto Analyst Trader Tardigrade also predicted That Dogecoin price could peak by March 2025 if it reflects the 2021 bull run. However, the analyst provided a more bullish outlook for Dogecoin, stating that DOGE could reach $30 by then. Meanwhile, the analyst predicted that meme coin will reach $8 by August 2025 if it reflects the 2017 bull run.
Meanwhile, Dogecoin price is at risk of falling to $0.32 based on Bartfill’s analysis. Crypto analyst Kevin Capital also recently warned that Dogecoin could fall further below its current levels if it starts closing candles below a trendline, which he highlighted on the chart.
The overbought situation has become easier
In an X post, Merchant Tardigrade DOGE’s Relative Strength Index (RSI) has returned to an overbought condition of 50 as the Dogecoin price pullback. With the overbought situation now cooling down, the crypto analyst commented that there could be another surge for Dogecoin at any time now.
The accompanying chart from the analyst showed that the price of Dogecoin could reach $0.54 on its next phase. Based on chart projections, this rally could happen before the year ends. Meanwhile, in another post, the analyst confirmed that Dogecoin bull cycle There is still a long way to go.
The analyst revealed that the price of Dogecoin was currently consolidating at the same spot as the 2021 bull run. His chart showed that this range was just before Dogecoin recorded its next leg in that cycle. Meanwhile, trader Tardigrade again suggested that the most prominent meme coin could reach around $34 this market cycle.
At the time of writing, the price of Dogecoin is trading at around $0.39, down 4% in the last 24 hours, according to data From CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
