Crypto analyst Osemka suggested that DOGE is at a critical level where it could see a parabolic upward move or experience a massive decline. The analyst referred to Dogecoin EMAwhich could determine the top meme coin’s next move.

Dogecoin EMA will determine the next move for the meme coin

In Post XOsemka said that something will have to give soon, referring to the Dogecoin EMA. The analyst noted that DOGE has been under attack by EMA for three weeks, that there will soon be no room left to run and that a decision will be made. This is shown in the attached table DOGE price it could still fall to a up-to-date low around $0.084. However, there is also a possibility that the meme coin could eventually break above this EMA.

This comes as Dogecoin continues to struggle to break the psychological $0.10 level. It is worth noting that this EMA is currently just below this psychological level, which will likely provide further resistance for the leading meme coin. The US-Iran war also continues to put pressure on the prices of DOGE and other cryptocurrencies, which could lead to a larger decline.

Cryptocurrency analyst TraderSZ suggested on which Dogecoin’s next move will largely depend Bitcoin price action. He stated that DOGE could make a move similar to what was seen last year when the meme coin rose to around $0.30. Crypto analyst BitGuru also offered an sanguine forecast for DOGE, suggesting a revival of the meme coin.

In Post Xthe analyst said that Dogecoin appears to have ended its downward trend after a acute decline in liquidity and long consolidation. If support continues at current levels, the analyst predicts an raise towards $0.13 and $0.15. He added that this is where sharp money positioning usually begins.

DOGE plans to escape to $1.80

Cryptocurrency analyst Javon Marks predicted that Dogecoin could rise to $1.80 during the next bull market. This came after he noticed that DOGE had shown a clear and consistent trend of price breakout over the cycles. He added that the meme coin stagnates for a while and then delivers huge running of the bulls.

Marks said that as part of this trend, Dogecoin’s next stage appears to involve massive growth. Targets for the meme coin in this parabolic run include $0.739, $1.25, and a potential upside above $1.80. An raise to these levels would be significant up-to-date all-time highs for DOGE. This rally is expected to happen between now and 2027.

At the time of writing, Dogecoin is trading at around $0.09639, up over 4% in the last 24 hours, according to data from CoinMarketCap.

Featured image from iStock, chart from Tradingview.com