Expert Says Dogecoin Surge to $0.66 is Easy, but Few Will Believe It
Dogecoin continues to attract bullish commentary from analysts and market watchers amid its ongoing price action.In this dogecoin price news, According to "Crow," a notable Bitcoin analyst in the crypto community, Dogecoin's path to a new multi-year high at $0.66 is straightforward, but many remain skeptical. He shared this sentiment in a tweet following Dogecoin's rebound after testing crucial support in the $0.30 region.Notably, on Tuesday, Dogecoin's price dropped to $0.36 but has since rebounded to trade at $0.4234 today, marking a 15% resurgence since the dip.Dogecoin "Easy" Path to $0.66Following this rebound, analyst Crow shared a chart predicting the patterns Dogecoin could follow in the coming days based on the meme coin's consistent price action within an ascending pattern. He expects Dogecoin to first rise to near $0.48 before facing a rejection that would drive its price back down to $0.46.Dogecoin initially encountered a rejection at this level on December 8, which led to a retest of $0.36 shortly after. However, this analyst expects a smaller pullback this time, which would set the foundation for a run to a fresh multi-year high at $0.52.This level aligns with the top of the ascending channel, and the analyst envisions another short-term correction to test the $0.50 psychological level. A successful rebound from this move is expected to send Dogecoin toward the $0.66 region.According to Crow, it is easy for Dogecoin to follow this pattern within the next two weeks, but critics who believe the meme coin has lost momentum would likely disagree.
Text source: The Crypto Basic
