A high profile smart contracter trader on the microblogging platform Twitter has predicted a potential price spike for Dogecoin ($ DOGE) and predicted that it could hit a high of $ 0.41 after an upward move.
In a tweet shared with its 150,000+ followers, Smart Contracter said that DOGE “ironically looked prepared and was breaking a major downtrend” and even asked if the meme cryptoasset season was back.
Source: Smart Contracter on Twitter
According to CryptoCompare data, Dogecoin is currently trading at $ 0.25 after rising 5% in the past 24 hours. The cryptocurrency has rebounded from a low of $ 0.16 after hitting an all-time high of $ 0.74.
As reported by CryptoGlobe, Dogecoin price skyrocketed earlier this year after traders tried to get it to $ 1 and continued to pump with the support of various celebrities including Tesla CEO Elon Musk. A panel of experts polled by Finder has forecast that DOGE could hit $ 1.2 by 2025, while it will close at around $ 0.42 this year.
On Twitter, smart contracters also predicted that the indexing protocol The Graph (GRT) could turn bullish after a long period of accumulation. The trader is known for accurately predicting the bear market’s low point of $ 3,200 in December of that year in June 2018. By that time, the price of BTC had fallen since December 2017, when it hit an all-time high of nearly $ 20,000 at the time.
In June of this year, when the pseudonymous analyst responded to another user’s question about what would happen next in the markets, he revealed that he was “headed towards 28,000 then new ATH”. It’s worth noting that the price of BTC fell to $ 29,000 before rebounding to its current level of $ 45,000.
Similarly, Bloomberg analyst Mike McGlone recently announced that he believes both Bitcoin and Ethereum are “discounted bulls” that cemented their support base in June and July and could continue their upward trajectory in the near future, with US $ 100,000 Dollars for BTC are involved.
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The views and opinions of the author or the persons mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets carries the risk of financial loss.
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