{"id":4150,"date":"2024-12-12T19:47:15","date_gmt":"2024-12-12T19:47:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4150"},"modified":"2024-12-12T19:47:15","modified_gmt":"2024-12-12T19:47:15","slug":"dogecoins-rally-to-a-new-all-time-high-unlikely-this-year-expert-warns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4150","title":{"rendered":"Dogecoin\u2019s Rally To A New All-Time High Unlikely This Year, Expert Warns"},"content":{"rendered":"
\n

Following the recent waning price performance of Dogecoin<\/a>, the largest meme coin in the past few days, speculations and uncertainties about DOGE\u2019s potential to hit a new all-time high in the short term have emerged within the crypto community.<\/p>\n

Record-Breaking Run For Dogecoin May Be Postponed<\/h2>\n

Technical analyst and investor Master Kenobi has offered insights<\/a> about Dogecoin\u2019s short-term potential, noting that the dog-themed meme coin\u2019s path to a new peak before the end of the year may not come to pass. The expert made the bold claims in a recent analysis on the X (formerly Twitter) platform, which has caused quite a frenzy in the DOGE community.<\/p>\n

Citing a combination of market dynamics, macroeconomic conditions, and fading momentum, the analyst argues that DOGE\u2019s price strength might not be sufficient to breach its current all-time high<\/a>. This implies that the meme coin is set to enter a consolidation phase before resuming its ascent to historical highs in the following year.<\/p>\n

According to the market expert, looking at the duration since the last Bitcoin Halving<\/a>, the 40-day acceleration trend indicates that the red consolidation phase appeared one week earlier than anticipated. As a result, Master Kenobi believes a 1 to 3-week consolidation phase is likely at this period, which is good as it is already happening now.<\/p>\n

\"Dogecoin\"<\/p>\n

Considering the development, Master Kenobi is less confident that a new all-time high for DOGE will occur by the end of the year. Rather, the meme coin<\/a> might hit a new peak by the first half of January, suggesting a remarkable start for DOGE in the following year.<\/p>\n

Furthermore, the expert noted that the much-anticipated Dogecoin rally will coincide with Donald Trump<\/a>\u2018s return to the White House as the new president of the United States. This is due to the US elections, which caused forecasts to deviate by roughly 3 weeks from the normal cycle trend, making it a crucial scenario to consider.<\/p>\n

Thus far, investors and traders are paying attention to DOGE\u2019s current price action in order to reassess their positions, as the development could signal the start of a much larger upward trend for the meme coin.<\/p>\n

A Brief Rally Incoming For DOGE?<\/h2>\n

With key indicators observed in the 2021 bull cycle, Daan Crypto Trades, another seasoned technical analyst,t foresees<\/a> a break for DOGE to higher levels shortly, triggering optimism about its short-term potential. The daily chart reveals that Dogecoin has been stuck between two significant weekly levels since the 2021 bull run.<\/p>\n

While 2021 key levels are resurfacing, the expert has pointed out that the $0.35 and $0.45 levels are the next critical targets to watch out for, noting that the big volume node has been providing good support for DOGE<\/a> above $0.38. However, for the meme coin to initiate a rally it must test the $0.45 price mark.<\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Following the recent waning price performance of Dogecoin, the largest meme coin in the past few days, speculations and uncertainties about DOGE\u2019s potential to hit a new all-time high in the short term have emerged within the crypto community. Record-Breaking Run For Dogecoin May Be Postponed Technical analyst and investor Master Kenobi has offered insights […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4150","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4150"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4150\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}