DOGE Bull Run Alert: Analyst Predicts Breakout Could Push DOGE Price to New Highs
A hidden historical pattern has resurfaced, putting the price of Dogecoin on the cusp of another significant breakout. This time around, a breakout would confirm a Dogecoin bull run, sending the meme coin to previously unheard-of heights. According to one researcher, DOGE might reach a price of $10 or more during this bull market.
The price of DOGE may rise to $10 during the current bull cycle, according to cryptocurrency analyst Dima James Potts. By looking at the weekly chart, he identified a hidden historical pattern and noted that it consistently resulted in “green weeks,” when the price of Dogecoin went positive. The average return of DOGE, for example, was 8,373% during the first bull cycle and 18,376% during the second. In order to verify that the historical pattern has been finished, the analyst is waiting for a closing over $0.21 for the meme coin, which is presently in its third cycle.
Dogecoin’s Parabolic Surge: Could DOGE Reach New Heights at $35?
As in prior years, this might cause the price of DOGE to rise parabolically, reaching $35 for an average return of 19,416%. In around three days, the weekly candle will close, confirming bullish bias and initiating the DOGE price’s 200X parabolic surge.
Following a spike above the $0.2 barrier, the Dogecoin price forecast indicates that the asset is currently in a retrace. Although there is a significant sales wall surrounding this prior annual high, buyers are not giving up. The recent candlestick pattern indicates strong buy pressure, and DOGE is presently in a bullish rising channel. Now, Dogecoin reaches a new local high of about $0.32 (at the top of the channel) or $0.44 if breakout volatility is significant.
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