Dogecoin Price Explosion: Chande Momentum Oscillator Puts DOGE As High As $5

The Dogecoin price looks set to witness a major explosion to the upside based on a recent evaluation by crypto analyst Trader Tardigrade. The analyst revealed a bullish pattern that might send Dogecoin to as high as $5.

Dogecoin Price Set To Explode To As High As $5

In an X post, Trader Tardigrade predicted that the Dogecoin price could explode to as high as $5. This got here as he noted that Dogecoin is ready to complete the ultimate stage of its bull run. The crypto analyst added that the Chande Momentum Oscillator (ChandeMO) indicates that DOGE still has an extended solution to go before reaching the highest on this cycle.

Source: X

The crypto analyst’s accompanying chart showed that the Dogecoin price could rally to as high as $5 based on this ChandeMO indicator. There was also the potential for the foremost meme coin even rallying further to $9 on this market cycle. Trader Tardigrade has continued to supply a bullish outlook for the meme coin in his analyses, suggesting that DOGE could indeed witness a parabolic rally.

Before now, the crypto analyst mentioned that the Dogecoin price is aligning with the 50 Arnaud Legoux Moving Average (ALMA). He further remarked that this pattern is perfectly synchronized with the last cycle from 2018 to 2020. Based on this development, he added that DOGE is within the midst of a surge.

The crypto analyst had also previously predicted that the Dogecoin price could reach double digits on this market cycle. In accordance with him, if the meme coin mirrors the 2021 bull cycle, it could rally to as high as $30. Meanwhile, he predicted that DOGE could rally to $8.7 if it mirrors the 2017 bull run.

DOGE Closes Above The Macro .786 Fib

In an X post, crypto analyst Kevin Capital revealed that the Dogecoin price has officially closed a day by day candle above the macro .786 Fibonacci level. In step with this, the crypto analyst remarked that the goal now’s to see a follow-through to the upside. He added that is that this happens, then the previous highs on the macro golden pocket around $0.48 is next.

The crypto analyst previously revealed that the Dogecoin price closed a day by day candle outside of a falling wedge pattern and mentioned that $0.41 was the subsequent necessary price level. With Dogecoin reaching this level, the $0.48 goal is the subsequent level to regulate, because the crypto analyst suggested.

In an X post, crypto analyst Titan of Crypto stated that the Dogecoin price is aiming for $0.66. He remarked that DOGE would take off after breaking out of the symmetrical triangle. The crypto analyst added that bullish momentum is constructing.