Dogecoin’s Potential Rise to $3.80 Hinges on Bitcoin
- Dogecoin’s market structure is reportedly better than previous bull markets.
- The Fibonacci extension suggests a potential price of $3.80–$3.90 if Bitcoin rises.
- Current Dogecoin cycle shows higher highs and lows, supported by the 200-week EMA/SMA.
- Relative Strength Index indicates consistent strength with higher lows.
- Momentum and money-flow inflows have been strengthening over three years.
According to analyst Kevin, Dogecoin could reach $3.80 if Bitcoin continues to rise and macroeconomic conditions remain favorable. At the time of reporting, Dogecoin was trading at $0.243.
Source (2.6)https://www.newsbtc.com/news/dogecoin/can-dogecoin-hit-3-80-analyst-says-yes/?rand=52377