Why The Dogecoin EMA Is The Level That Will Determine The Next Price Move Scott Matherson | usagoldmines.com

Crypto analyst Osemka has suggested that DOGE is at a make-or-break level, where it could see a parabolic move to the upside or suffer a huge decline. The analyst alluded to the Dogecoin EMA, which could determine the next move for the foremost meme coin. 

Dogecoin EMA Set To Determine Next Move For The Meme Coin

In an X post, Osemka said that something will soon have to give, alluding to the Dogecoin EMA. The analyst noted that DOGE has been getting slammed by the EMA for the past three weeks, that there will soon be no room left to run, and that a decision will be made. The accompanying chart showed that the DOGE price could still drop to a new low of around $0.084. However, there is also the possibility that the meme coin could finally break above this EMA. 

This comes as Dogecoin continues to struggle to break the psychological $0.10 level. Notably, this EMA is now sitting just below this psychological level, which is likely to provide further resistance for the foremost meme coin. The U.S.-Iran war also continues to pressure DOGE and other crypto prices, which could lead to a larger decline. 

Crypto analyst TraderSZ suggested that Dogecoin’s next move will heavily depend on Bitcoin’s price action. He stated that DOGE could pull off a move similar to the one seen last year, when the meme coin rose to around $0.3. Crypto analyst BitGuru also provided a bullish outlook on DOGE, hinting at a recovery for the meme coin. 

In an X post, the analyst said that Dogecoin looks done with the downtrend after a liquidity sweep and long consolidation. If support holds at the current level, the analyst predicts an upside towards $0.13 and $0.15. He added that this is where smart money usually starts positioning. 

DOGE Eyeing A Run To $1.80

Crypto analyst Javon Marks predicted that Dogecoin could rally to $1.80 in the next bull run. This came as he noted that over the cycles, DOGE has shown a clear and consistent trend with prices breaking out. He added that the meme coin stagnates for a while and then delivers a huge bull run. 

Marks stated that, as part of this trend, Dogecoin’s next stage appears to involve a huge run. The targets for the meme coin on this parabolic run include $0.739, $1.25, and a potential rally over $1.80. A rally to these levels would mark new all-time highs for DOGE. This rally is expected to happen between now and 2027. 

At the time of writing, the Dogecoin price is trading at around $0.09639, up over 4% in the last 24 hours, according to data from CoinMarketCap.

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.