The price of the digital currency Dogecoin (DOGE) may reach $20. A renowned crypto analyst named Bing has predicted this price increase due to the Bitcoin halving events and overall market optimism. Despite a recent 25% drop in Dogecoin’s price, it is now near a crucial support level, indicating downward pressure in the digital currency market. However, the analyst has outlined a price increase path for Dogecoin, analyzing the Bitcoin halving events in 2020 and 2024. He mentioned a 178-day period of significant accumulation. Following this period, a sharp increase occurred over 59 days, elevating Dogecoin to its annual peak. This increase coincided with the Relative Strength Index (RSI) crossing the 50 level. Subsequently, a 25-day distribution period followed with a sudden price increase. According to this analyst, a 100-day distribution phase shaped the peak of Dogecoin’s trading cycle. He believes this fractal pattern is repeating, with Dogecoin currently in its penultimate phase, set to follow a distribution phase. Ultimately, based on predictions, Dogecoin’s price may exceed $20. Currently, Dogecoin is priced at $0.3213, experiencing a 2% decrease in the past 24 hours. However, in the past year, Dogecoin has seen over a 250% price increase. This meme coin has attracted significant attention due to its flexibility and growth potential. On the real-time digital currency price page, you can observe the prices of all tokens and cryptocurrencies live and instantly.
