Cryptocurrency analyst JAVON MARKS has shared an optimistic outlook for Dogecoin (DOGE). Marks stated that the popular meme coin may be on the verge of a major price pump.
According to the analyst, DOGE is preparing for a potential breakout that could lead to a target price of $0.6533.
What you'll learn 👉
Key Points from MARKS’ Analysis:
- Current price action indicates preparation for a break above resistance levels
- If the breakout holds, a remarkable 404% run to the target of $0.6533 could be imminent.
- The timing of this move is uncertain, but it appears to be a matter of time
In spite of this optimistic forecast, DOGE’s price movement to date has been quite small. As of this writing, DOGE is trading at $0.1272, up 2% over the previous day.
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Show more +PEPE Coin Displays Bullish Technical Indicators
PEPE coin has shown more immediate price action, pumping as much as 10% to reach $0.00001212 before experiencing a slight pullback. This movement has been accompanied by bullish technical indicators, as analyzed by altFINS.
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- Bullish Flag Pattern: A continuation pattern. It suggests the resumption of an uptrend.
- Target: Targets at $0.000013 (+11%) and $0.000015 (+28%)
- Stop Loss Recommended: $0.0000103
- Trend Analysis: Short-term down, medium-term neutral, long-term strong up
- Momentum: Bullish, with MACD Line crossing above MACD Signal Line
- RSI: Neither overbought nor oversold, indicating room for movement in either direction.
Both of these meme coins have shown decent price performance in the last 24 hours. However, as we see, the price has dropped after the notable pump.
Read more: Here’s Why Ethereum Name Service (ENS) Price Is Pumping
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