Despite a hard week of muted performance and an eventual crash, the bullishness around Dogecoin has not waned, especially among crypto analysts. Expectations for the crypto’s price are still high with crypto analyst JD referring to the Dogecoin price chart as beautiful.
Dogecoin Getting Ready To Breakout
In a recent analysis that was posted on X (formerly Twitter), crypto analyst JD has revealed why he finds the Dogecoin chart to be beautiful. The chart that was shared showed JD’s analysis and the expected price movement of DOGE over the year 2024.
The chart shows that the DOGE price has seen a bullish cross on the Moving Average Convergence Divergence (MACD). This development, the analyst shows, is bullish because of the coin’s historical performance after the MACD bullish cross was confirmed.
Going back on the chart, it shows a bullish cross back in 2017, and in response to this, the DOGE price would end up rising more than 62x in less than a year. Then again in 2021, the same
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