Is Dogecoin about to hit a new all-time high? One expert thinks so!
Predicting Dogecoin’s Peak
Market analyst Master Kenobi believes Dogecoin (DOGE) is incredibly close to surpassing its previous all-time high. He’s basing this prediction on a comparison between the current market cycle and the one that led to DOGE’s last peak. He notes similarities in timing, suggesting a new high could be just around the corner. Kenobi’s past predictions have been accurate, boosting confidence in this latest forecast.
The Timeline
Kenobi predicts DOGE will reach a new all-time high within the next two weeks, possibly between December 2nd and 9th. He points to a specific pattern on the DOGE weekly chart to support his claim. While some might be skeptical, he highlights similar patterns in previous market cycles, suggesting history could repeat itself.
The Price Target
Kenobi is optimistic, anticipating DOGE could reach $1.40-$1.45 in the coming weeks. His long-term target is even higher, aiming for around $2.90 – double the previous all-time high.
Consolidation or Breakout?
Recently, DOGE has traded between $0.36 and $0.42, leading some to believe it’s in a consolidation phase. However, Kenobi believes this period will be short-lived, with the current upward momentum likely to continue. Despite a slight dip in daily trading volume, DOGE is still showing positive signs, with a 1% increase in the last day and much larger gains over the week and month.
The Bottom Line
With positive momentum and historical trends pointing upwards, many investors are eagerly watching to see if Dogecoin will indeed reach new heights. Kenobi’s prediction is certainly bold, but his track record and analysis make it worth considering.
