Dogecoin Momentum Surges as It Eyes New Highs Before Presidential Inauguration

Home » Dogecoin Momentum Surges as It Eyes New Highs Before Presidential Inauguration

cryptocurrency news

Recent events surrounding Dogecoin have sent shockwaves through the market by breaking out from a Symmetrical Triangle pattern, signalling its potential bullish course ahead. This key development occurred just days before Donald Trump will take office, sparking optimistic price forecasts for meme-based cryptocurrency like Dogecoin.

Dogecoin Emerges from Bullish Pattern

Master Kenobi recently conducted a noteworthy analysis shared on social media that illustrated Dogecoin’s price movements within a Symmetrical Triangle pattern, an indicator of potential upward momentum when breached. Breaking from this triangle suggests significant price gains may soon follow – Master Kenobi suggests $0.56 as being its next crucial resistance level and stated an existing price above $0.44 could propel it to reach new all-time high of $0.74.

Master Kenobi’s analysis indicated that this bullish break took place three days prior to Trump’s inauguration on January 20, 2025, which could signal an explosive rise of Dogecoin from its current value of $0.39 to an astounding 90-100% increase by reaching $0.74; his prediction predicts this as being accomplished via stepwise climb from first surpassing $0.44 resistance level, targeting $0.56 resistance level and reaching eventual landmark of $0.74 mark.

Master Kenobi expressed confidence in his positive projection for cryptocurrency markets while at the same time acknowledging their instability, offering advice to investors to adapt their strategies as necessary.

Preceding President-elect Trump’s inauguration, Dogecoin price had already seen an 18.8% surge earlier this week and is fast approaching the psychological threshold of $0.4. There is great anticipation surrounding its performance ahead of his inaugural address.

Anticipations of an Upcoming Dogecoin Rally

Crypto analyst Trader Tardigrade has made striking comparisons between Dogecoin’s price trajectory in 2017 and 2025. Through meticulous analyses, Tardigrade observed similar phases of price consolidation following significant rallies – underpinned by long-term support along a horizontal line as well as descending trend lines marking prolonged consolidation periods – during both periods.

This analysis suggests that a breakout above the declining trendline could send Dogecoin on an unprecedented bull run, pushing its price well past $3 and setting new record highs.

4.3 rating
online crypto casino
4.0 rating
online crypto casino
4.3 rating
online crypto casino
4.5 rating
online crypto casino
4.5 rating
online crypto casino
crypto casino info & bonuses
© Copyright - Online Crypto Casino Guide