Technical analyst forecasts Dogecoin price will surge to $0.90
Summary ⚈ Dogecoin closed above its 50-day MA for the first time since January 18. ⚈ Analyst TradingShot forecasts a conservative $0.90 DOGE target using Fibonacci extension. ⚈ Whale activity and market volatility may limit Dogecoin’s ability to sustain a rally. Dogecoin (DOGE) has closed above a key support level for the first time in more than 3 months. At press time on April 23, DOGE was changing hands at $0.174, having marked a 12.12% gain on the 1-week chart. DOGE price 1-week chart. Source: Finbold Namely, the meme coin closed above its 50-day moving average (MA) on the 1-day chart on April 22, which hadn’t happened since January 18. Shortly before this, DOGE hit and rebounded off a 2-year higher low zone. Chart expert deems $0.9 a conservative Dogecoin price target Each time such a rebound and close above the MA has happened, Dogecoin price entered a bullish leg as part of a wider cycle, as noted by renowned chart expert TradingShot in an ...