DoZico has been trading at a plateau near its highs, showing a period of consolidation after soaring 159% from November 6 to 12. On the 18th, it was trading at a strong 10% rate on the daily chart.
The bullish engulfing candle formed, attracting market attention, and the price reached an all-time high of $0.73.
This sparked hopes that Dozico could once again head to its ATH. One indicator in particular has been drawing attention as it suggests the cryptocurrency could see another exponential rise in the coming weeks.
Trader Tardigrade, a market pattern analyst, said in a Twitter post that DoZicoin is getting a boost.
"It is likely that the price will repeat past price movements based on the Gaussian channel," he said.
Channel) is used to identify upper and lower channels of price movement based on asset allocation principles.
According to the analysis, Dozicoin is in a situation where the midline support zone of the Gaussian channel has been confirmed for the third time in history.
If this happens, Dozico will experience an incredible PUMP,” concluded independent trader Javion.
Marks also said, "Zico is set to retest its all-time high of $0.73 and move higher towards $9.73.
"A rise is virtually imminent," the report argues, citing similar exponential rise patterns that occurred in 2016, 2021 and 2024.
Gaussian channel analysis indicates that Dozicoin is showing the potential for an exponential rise above $1, with the upper target at R
It is estimated to be between $3 and $5 based on the law of diminishing returns on investment (OI) ratios.
2024/11/20 15:34 KST
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