Dogecoin Price Explosion: Chande Momentum Oscillator Raises DOGE Price Up to $5

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Based on the latest analysis by a cryptocurrency analyst, it looks like the price of Dogecoin will witness a significant explosion upwards Tardigrade dealer. An analyst has revealed a bullish pattern that could send Dogecoin as high as $5.

The price of Dogecoin will explode to as much as $5

In Post XTrader Tardigrade predicted that the price of Dogecoin could explode to as high as $5. This came as he noted that Dogecoin would complete the final stage of its development running of the bull. The cryptocurrency analyst added that the Chande Momentum Oscillator (ChandeMO) indicates that DOGE still has a long way to go before it peaks this cycle.

Source: X

The attached cryptocurrency analyst chart showed that The price of Dogecoin may augment up to $5 based on this ChandeMO indicator. There was also a possibility that the top meme coin could rise further to $9 during this market cycle. Trader Tardigrade continued to provide an bullish outlook for the meme coin in his analysis, suggesting that DOGE could indeed witness a parabolic rise.

Earlier, a cryptocurrency analyst mentioned that the price of Dogecoin had reached 50 Arnaud Legoux Moving Average (ALMA). He further noted that this pattern is perfectly synchronized with the last cycle spanning 2018-2020. Based on this development, he added that DOGE is in the midst of explosive growth.

The cryptocurrency analyst also previously predicted that Dogecoin’s price could reach double digits during this market cycle. According to him, if the meme coin reflects 2021 bull cycleit can go up to $30. Meanwhile, he predicted that DOGE could rise to $8.70 if it reflects the 2017 bull run.

DOGE closes above the .786 Fib macro

In the post: X, cryptocurrency analyst Kevin Capital revealed that Dogecoin price has officially closed its daily candle above the 0.786 Fibonacci macro level. In line with this, the cryptocurrency analyst noted that the current goal is to continue the gains. He added that if this happens, the gold pocket’s previous macro highs around $0.48 will be next.

A cryptocurrency analyst previously revealed that Dogecoin price closed its daily candle outside a falling wedge pattern and mentioned that the next vital price level is $0.41. Once Dogecoin reaches this level, the $0.48 target is the next level to keep an eye on, as suggested by a cryptocurrency analyst.

Dogecoin 2 price
Source: X

In the post: X, cryptocurrency analyst Cryptocurrency titan stated that the price of Dogecoin is expected to reach $0.66. He noted that DOGE will start after leaving the symmetrical triangle. The cryptocurrency analyst added that the growth momentum is increasing.

Dogecoin price 3
Source: X

At the time of writing, Dogecoin is trading at around $0.40, down almost 4% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin price chart from Tradingview.com
DOGE price rises above $0.4 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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