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Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish

NewsBTC LogoNewsBTC1w ago

Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish - NewsBTC

Quick Summary:

These monthly candles reflect a cryptocurrency’s price performance over an extended period and are often used to gauge larger market trends.  Related Reading: This Crypto Analyst Correctly Predicted The Bitcoin Price Rise To $75,000, Here’s The Full Prediction In the case of Dogecoin, these long-term candles highlight that the meme coin has recorded consistent price increases, experiencing strong monthly, quarterly, and biannual market performance.

This positive shift is attributed to the recent bullish trend across the 1-month, 2-month, 3-month, and 6-month candles, which are now turning bullish.  Dogecoin Price Outlook Brightens With Long-Term Candles  In a recent technical analysis, a crypto analyst on X (formerly Twitter) identified as The Coach’ declared that the Dogecoin long-term candles, specifically the 1M, 2M, 3M, and 6M indicators, are all turning bullish.

However, he disclosed that it was uncertain if the meme coin could reach $1 this month.  Related Reading: Analyst Predicts The Final Ascent’ For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here While a $1 price target may seem overly ambitious, The Coach has emphasized that Dogecoin will inevitably reach higher highs.


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Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish - NewsBTC (Picture 1)Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 23:00:44 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 60 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23474224

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #102

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