Dogecoin has become the subject of heated discussion in the crypto community, with many investors hoping for a spectacular price rise to $3. However, analyst Kevin Capital warns that the reality could be different.
In a recent analysis on X, Capital identified a critical resistance level for Dogecoin, based on the 1.618 Fibonacci level. He estimated that this level could represent an all-time high for Dogecoin in this cycle, sitting at $3.90.
While Capital believes a peak of $3 for Dogecoin is possible, he argues that a more realistic level would be around $1.80. However, the analyst has identified a positive technical signal, the “Golden Cross”, which could catalyze a significant rise from December onwards, provided Bitcoin maintains its current performance.
Some analysts have also noted the growing interest in other crypto projects, such as the pre-sale Flockerz, which is attracting investors’ attention with its innovative mechanisms. They also noted that this cryptocurrency could see sustained growth in the long term due to active community participation and rapid adoption.
What do analysts say about the price of Dogecoin?
While Capital takes a more cautious stance, predicting a high of $1.80 for Dogecoin, analyst Dima James is more optimistic. James argues that if Dogecoin breaks above the $0.18 level on the weekly chart, it could trigger an explosive rally, similar to those in 2016 and 2021.
Analyzing historical patterns, James believes that Dogecoin could be at the beginning of a new growth cycle. He emphasizes the importance of crossing the lines on the weekly chart. This is a technical indicator that in the past has preceded significant rallies for Dogecoin. If this pattern is confirmed, James anticipates a substantial price increase. It is speculated that the increase could even reach as high as $10, supported by wider adoption and technological advances.
Dogecoin has managed to overcome a major hurdle at the USD 0.2192 level, suggesting a possible trend reversal. However, it is too early to declare a long-term uptrend as the coin is still in a descending channel on the 4-hour chart.
The crypto project continues to advance but will need to overcome resistances at $0.2437 and $0.2570 to sustain the bullish trend. Although the RSI is pointing to a possible overbought, the 50-day moving average at $0.189 provides solid support and limits the risk of a major correction.
Technical analyses, such as those presented by Capital and James, provide valuable clues about Dogecoin’s potential. However, the final results will depend on a combination of factors, including general crypto market trends, Dogecoin adoption, and technological developments.
Flockerz pre-sale has raised $2.3 million to this moment
$FLOCK is the new crypto superstar. The project is rapidly gaining popularity thanks to its innovative “vote to win” mechanism that gives the community more control over the project.
With a pre-sale that has already raised over 2.3 million dollars, interest in Flockerz is steadily growing.
The features of the crypto project are very advantageous for users. It stands out with generous tokenomic indexes, affordable pre-sale, V2E functionality as part of a DAO and more.
The current price for a $FLOCK token is $0.006053. To purchase $FLOCK tokens users need to connect their wallet. For desktop the most suitable is Metamask, and for mobile – Best Wallet. The $FLOCK tokens can be purchased with ETH, BNB, USDT or even with your own card.
Flockerz creates a strong and tight-knit community with innovative voting campaigns and an engagement-based reward system. From early investor rewards to favorable staking mechanisms, Flockerz offers a unique experience in the crypto world.
With rewards of up to 878%, Flockerz attracts long-term investors and creates a strong community around the project. Listings on major exchanges and influencer support promise to propel Flockerz to the top of the Web3 space.
At the heart of Flockerz is FlockTopia. This is an innovative decentralized autonomous organization (DAO). Through FlockTopia every holder of $FLOCK tokens can influence the continuity of the crypto project and earn generous rewards. FlockTopia democratizes the decision-making process within the project. Through this decentralized hub, every member of the community has the right and responsibility to contribute to the direction in which the platform evolves.
Both experienced and novice investors can influence decisions within the project. Moreover, together they can form one of the most influential cryptocurrency communities.
The crypto project’s roadmap started with securing the $FLOCK contract through audits and a pre-sale launch, followed by a global marketing campaign to expand the community. As more members join, influential figures will help raise $FLOCK’s visibility. The project aims to dominate the Ethereum network.
Eventually, $FLOCK will be listed on global exchanges, marking the start of public trading and the introduction of a vote-to-win system that will reward holders for their participation in guiding the future of the project.
Important: This article is not investment advice. Before investing in crypto projects, it is essential that you analyze each project individually, understand the associated risks and draw your own conclusions about their profitability.
