Market analyst Trading Jesus believes that Dogecoin is on its way to reaching a value of $1. The meme coin has faced resistance at around $0.44 but has seen significant gains in the past week and month, boosting its market cap to $57 billion. Trading Jesus suggests that Dogecoin has supports at $0.34, $0.25, and $0.18, and if it continues to hold the demand zone, it could break past the $0.44 resistance and potentially reach $0.56 and $0.7336 before eventually hitting $1. However, the 4-hour chart shows that the meme coin is gaining bearish momentum, with the RSI trending close to the overbought zone and the MACD indicator flipping bearish. At the time of writing, Dogecoin is trading at $0.3917, up less than 1% in the past 24 hours.
- Content Editor ( thecryptobasic.com )
- 2024-11-14
Dogecoin to $1: Analyst Maps Out Key Resistance and Support Points