Dogecoin Predicted to Enter Phase E and Potentially Reach New Highs
- Trader Tardigrade predicts Dogecoin will enter Phase E after reaching a Last Point of Support (LPS) around $0.174.
- The Sign of Strength (SOS) is expected if Dogecoin holds above $0.18, potentially rallying to an all-time high of $2.1.
- An inverse Head and Shoulders pattern on the 4-hour chart suggests a bullish outlook, with a possible rebound to $0.183.
- Crypto analyst Kingpin Crypto forecasts a rise above the psychological level of $0.2 from current support levels.
- At present, Dogecoin trades at approximately $0.16, down over 3% in the last day.
Dogecoin is anticipated to enter Phase E following its current position in Phase D, with potential for significant price increases if it maintains key support levels above $0.18.
Source (2.6)https://www.newsbtc.com/news/dogecoin-in-phase-e-wyckoff/?rand=52377