This Analyst Predicted Dogecoin's Price Would Drop 2 Days Ago, Predicting Another 30% Drop

Two days ago, a cryptocurrency analyst accurately predicted the collapse of Dogecoin’s price, which has since occurred. According to the latest prediction by the analyst, Dogecoin is preparing for a more significant decline, with an expected decrease of 30% compared to the current trading price. Analysts predict that the price will drop by 30% The price of Dogecoin has dropped to $0.35, marking a significant 14% decrease over the past seven days. Earlier this month, Dogecoin was trading above $0.4 after experiencing a strong rally driven by positive market sentiment following Donald Trump’s victory in the U.S. presidential election. A cryptocurrency analyst from TradingView, called ‘MMBTrader’, who accurately predicted the recent price crash of Dogecoin, has now updated their forecast to warn of further price declines. The analyst has shared a chart analyzing the price action of Dogecoin and potential future trends. Currently trading at $0.3, the DOGE price is approaching a key resistance level, highlighted by the red zone at $0.438. Please provide the text to be translated. The red arrow on the chart illustrates a potential short-term correction, set to trigger a Dogecoin price decline to the central support area near the $0.25 mark. This significant price decline will indicate a 30% decrease from Dogecoin’s current price. Furthermore, analysts believe that this anticipated price drop is a retracement, corresponding to 0.618, the Fibonacci level indicated on the chart. TradingView analysts also revealed that if the price of Dogecoin can establish a strong support level at $0.25, it could confirm the continuation of the uptrend. Such development could pave the way for a potential increase in Dogecoin’s price in the future. Moving forward, the green arrows in the DOGE price chart indicate the potential next price increase. The analyst predicts that a strong recovery from the $0.25 support level could trigger a new bullish phase for Dogecoin. Additionally, he forecasts a new price target of $0.75 for Dogecoin, marking a significant leap to a new high price level. In general, TradingView analysts have identified $0.45 as a level to watch. Although a drop to $0.25 would mark a 30% decrease for Dogecoin, the potential increase to $0.75 would represent a 115% price hike. Dogecoin price surges to $1 While Dogecoin is facing volatility and decline, Trader Tardigrade, a renowned cryptocurrency analyst, has expressed confidence in the potential for upward movement of this meme coin. According to the analyst, Dogecoin is currently moving within a defined range between $0.33 and $0.49, marked by a purple rectangle on the price chart. Please provide the text to be translated. Looking at the chart, this range represents a consolidation phase in which the price of Dogecoin seems to fluctuate between resistance and support areas. Analysts have described that a breakthrough above the upper boundary of the range could continue Dogecoin’s momentum to a new all-time high of $1.05.