Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on the horizon. The analyst suggested that this could be the final leg up for the foremost meme coin and advised market participants not to miss it.
Dogecoin Eyes Parabolic Rally With Megaphone Pattern
In a TradingView post, TradingShot predicted that Dogecoin could rally to as high as $1.25. He noted that the meme coin has been trading in a bullish Megaphone pattern within a channel up. The analyst added that the recent rebound on June 16 on the weekly MA200 is a higher low at the bottom of both patterns.
Trending: The Epstein Obsession is a TRAP! Here’s The Truth…
With the 1-week Relative Strength Index (RSI) also rebounding on its long-term support zone, TradingShot
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!