Having witnessed the currency break out from a six-month downtrend channel, commodity trader Peter Brandt has indicated that Dogecoin (DOGE) may be due for a bullish run. Brandt’s analysis revealed that Dogecoin had been range-bound in a descending channel from March when it hit a high of $0.2100.
According to Brandt, DOGE is starting to look like it is breaking out, which means that this cryptocurrency might increase in value in the coming days. Brandt pointed out that Dogecoin ranged between $0.05 and $0.1181 from July 2022 to July 2024.
Dogecoin then formed a descending channel, which appears to be breaking out of it currently. His analysis also reveals that a longer-term chart for DOGE could show a positive direction for the coin’s price.
Over the past day, Dogecoin has risen 7.47% after Bitcoin grew by 2% and touched the local high of $0.1236. However, at the time of writing, DOGE is down, trading at $0.1225. T
his price action comes after weeks and months of pric
We współpracy z: https://www.thecoinrepublic.com/2024/09/27/peter-brandt-predicts-bullish-future-for-dogecoin/
