Popular crypto analyst Captain Parabolic Toblerone is eyeing a potential entry point for investors looking to get in on the Dogecoin (DOGE) upswing. In a recent tweet, the analyst predicted that the meme-inspired cryptocurrency could see another 30% price dip, creating what they view as an ideal “reload” area around $0.108.
For those unfamiliar with trading lingo, a reload area refers to a price level where traders consider re-entering or adding to their existing positions in an asset.
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Show more +According to Captain Parabolic Toblerone’s analysis, buying DOGE around the $0.108 mark could yield potential gains of up to 13 times the initial investment. Even at current levels, the analyst believes Dogecoin has room for an 8x price increase.
It’s worth noting that the tweet mentions a previous chart shared by the analyst, which contained an error in the “pitchfork settings” – a technical analysis tool used to identify potential support and resistance levels.
While making price predictions is notoriously difficult in the volatile crypto markets, Captain Parabolic Toblerone’s call has garnered attention among the Dogecoin faithful, who have rallied around the coin’s popularity and memetic nature.
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