Analysts Highlight Key Bullish Signals for Dogecoin: Technical Patterns Suggest Potential Surge Towards $1
Dogecoin (DOGE) don receive beta bullish forecasts from two big crypto analysts, Maelius and KJThaLibra, wey dem talk say technical patterns show say price fit reverse sharply and get rally. Maelius talk say Elliott Wave nesting plus strong weekly support between $0.12 and $0.17, plus 50-week EMA at $0.205 na important breakout level. Him see say price fit quickly move go $1.10 and even $1.50 to $1.80 if bullish momentum continue, but e warn say if price drop below $0.14, this plan no go hold true. KJThaLibra add four quick bullish signs: bullish divergence for RSI when DOGE price dey lower lows, oversold RSI wey show sellers don tire, new pattern of higher daily lows, plus DOGE near big descending resistance trendline. If DOGE break dis trendline with volume and confirm support, e rally fit reach $0.40—dat one mean 120% gain from price now around $0.18. Both analysis talk say traders need to get technical confirmation and test support again, show Dogecoin as strong buy chance inside meme coin momentum. But traders go still need make dem watch out for risk if critical supports fail.
Bullish
Both summary dem show strong technical signs for Dogecoin, like bullish RSI divergence, oversold levels, higher lows, plus near big resistance levels. Presence of Elliott Wave patterns, important EMAs, and breakout chance above big trendline suggest strong chance for price increase. If volume and retests confirm these breakout dem, big gains towards $0.40 or even $1+ fit happen. Such signals dey usually make traders interested plus buy more, especially inside meme coin sector. But downside risk still dey if support zones fail. Overall, the immediate technical setup and momentum mean say short to medium term bullish outlook dey for DOGE.