Dogecoin Stuck Within Range: Will $DOGE Breakout Soon?

Crypto analyst Trader Tardigrade has provided detailed information on the current price action of Dogecoin. The analyst reveals that Dogecoin is currently trapped between the recent cryptocurrency market crash and suggests what could happen if this top meme coin breaks out of this range. Dogecoin price is stuck in a range, what could happen next? In the post on X, Trader Tardigrade declares that the price of Dogecoin is currently moving within a range. The analyst added that breaking the range could continue DOGE's uptrend. The accompanying chart by the analyst shows that Dogecoin may finally reach the long-anticipated psychological price level of $1 as this uptrend continues. This will mark a new all-time high (ATH) for Dogecoin, with the current ATH being around $0.73. The chart also indicates that this expected price increase to $1 may occur before the end of the year. This will certainly conclude a perfect year for Dogecoin, which has achieved a year-to-date (YTD) growth of over 245%. In the post on X, the cryptocurrency analyst explained why a price reversal may be imminent for Dogecoin. He stated that Dogecoin's daily Relative Strength Index (RSI) has dropped back into the recovery zone. The analyst also noted that at this RSI level, DOGE touched a local bottom at $0.095 in early September, followed by a parabolic price increase to $0.48. If the top meme coin repeats this price surge, it could reach $1.35 from the current level. Trader Tardigrade continues to provide bullish prospects for Dogecoin. In another post on X, he claimed that Dogecoin's price increase in each cycle follows a two-step jump pattern. In line with this, the cryptocurrency analyst stated that a reasonable forecast for Dogecoin's peak in this market cycle is between $3 and $4. Analysis of the Price Adjustment of $DOGE In the post on X, cryptocurrency analyst Kevin Capital provided an in-depth analysis of Dogecoin's price correction, which lasted over a month. The analyst noted that Dogecoin had a weekly golden cross leading up to the election period but had never experienced a pullback as it did during the price increase in 2021 when this weekly golden cross occurred. Kevin Capital believes that the current pullback is one that Dogecoin should have witnessed at that time, which often happens when they receive these golden crosses. The analyst also notes that Dogecoin has seen three 50% corrections in its most recent price increase on the way to the peak of the cycle. So, historically, cryptocurrency analysts have declared that if the price of Dogecoin touches the macro support level and the macro gold bag, it would represent a correction of about 45% and just enough for DOGE to continue its upward trend. The analyst further added that he would only start to worry if Dogecoin loses the $0.26 level when closing the weekly store. At the time of writing, Dogecoin is trading at around $0.30, down over 14% in the past 24 hours, according to data from CoinMarketCap. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)