Ambitious Words from Rekt Capital for This Meme Coin: “Preparing for a New Ascension Rally”!

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Famous crypto analyst Rekt Capital amid current market conditions dogecoin He detected a developing upward trend in . In a recent post, the renowned analyst tagged DOGE’s macro downtrend for a successful retest and rebounded by 24% emphasized.

Announcing its analysis, Rekt Capital showed a reversal candle forming on the DOGE/USDT weekly chart on TradingView. He explained how the candle bounced off the key support at $0.12650 and reflected a retest of this level before resuming the uptrend.

Meanwhile, the analyst said that DOGE’s uptrend will begin in October 2023. meme coin It showed that it started when it bounced from the $0.0574 support. However, the move picked up last February after DOGE broke through the $0.09617 zone, turning the cryptocurrency’s sentiment into a bullish perspective.

DOGE tested another important resistance with the recent rally reaching $0.20626, as highlighted by Rekt Capital. Having pulled back from this level, Dogecoin fell by 40% before the current reversal spotted by the famous analyst.

According to Rekt Capital’s plans in the shared chart, DOGE has the potential to rise to $0.33825. However, the meme coin is likely to climb above the recent high at $0.20626 and overcome another key resistance near $0.27817.

Meanwhile, DOGE has reversed losses experienced in 2023 and is testing levels last reached in 2022. According to data from TradingView, the flagship meme coin is trading at $0.1644 at press time.

Rekt Capital’s latest post confirms its prediction from last week, when it spotted DOGE’s first retest after breaking the macro downtrend. He sees the Meme coin trading in a new macro range between $0.12 and $0.20 before a confirming uptrend.


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