Crypto analyst Master Kenobi, who predicted the start of the Dogecoin bull run, has provided an update on what is coming next for the foremost meme coin. The analyst provided two scenarios that could play out for the Dogecoin price from its current level. 

What Next For The Dogecoin Bull Run

Master Kenobi provided an update on the Dogecoin bull run in an X post. He mentioned that the market is 39 days away from closing the 235-day period since the Bitcoin halving. This is significant as it has historically marked the beginning of a bull run for DOGE against its BTC bear. 

Furthermore, he revealed that the Dogecoin/Bitcoin chart touched the 200-day moving average (MA). In the 2021 bull run, this happened at the end of the 235-day period and not 39 days earlier like it just did. In line with this, Master Kenobi outlined two possible scenarios for the Dogecoin price. 

The analyst stated that this could be a test, which will be followed by a consolidation period of around 39 days before a breakout. As for the second scenario, he remarked that this could mean that things are moving 39 days faster this time, indicating that Dogecoin is ready to outperform Bitcoin in this market cycle. 

Master Kenobi had earlier mentioned that things could accelerate unexpectedly, leading to the Dogecoin price surging ahead of the US elections and catching many off guard. Based on this, the analyst is leaning toward the second scenario, which would lead to DOGE crossing above the 200 MA on the weekly chart this week. 

He added that if the cross doesn’t come this week, there is no issue, as this would simply mea

Go to Source to See Full Article
Author: Scott Matherson