How high can Dogecoin go in this cycle?
Since Dogecoin reached its highest point in three years at $0.4265 on November 13, the price has been hovering around that level. However, there is a technical indicator that suggests Dogecoin could soar to $3.9 in this cycle, which is four times its current highest price!
This indicator tracks Dogecoin's price cycles and is quite accurate. It uses two moving averages and monthly RSI, and over the years, it has predicted Dogecoin's price peaks and troughs with great precision.
Looking at the current situation, although the two moving averages for Dogecoin are aligned in direction, they have not yet crossed, indicating that Dogecoin is still far from its expected high point.
What would it mean if Dogecoin really rises to $3.9?
This is calculated based on the low point of this cycle's Pi cycle, using Fibonacci extension levels. Dogecoin's previous price movements have followed a similar pattern, with the highs of 2018 and 2021 aligning with the Fibonacci extension levels of various Pi cycle lows.
Dogecoin currently has a total supply of 146.86 billion coins. If it rises to $3.9, the market cap would reach $572 billion, surpassing Ethereum. However, the speed of increase may not be as fierce as it was before.
Currently, Dogecoin is selling at $0.389, up 3.5% in the last 24 hours, but down 5.2% in the last 7 days. If it rises to $3.9, it would need to increase by 902% from now!
If you often miss the point and feel confused about how to act, and want to keep up and learn, there is one condition to meet: you must have the drive to take action, just do it. Like and comment, and I'll help you make big money!
