Cryptographic analyzer Slow growing trader He predicted that the price of Dogecoin could reach double digits if it repeats the historical patterns of the 2017 uptrend. The analyst had previously predicted that Dogecoin could rise to a level of $8.7 if it reverses the 2017 bull cycle.
Dogecoin price could reach double digits if it follows these historical patterns
in Share XTrader Tardigrade revealed that Dogecoin may have formed two sub-cycles in the cycle. If this is the case, the cryptocurrency analyst has claimed that the next DOGE bull run in 2025 will follow Bull race 2017which also had mutations. The analyst chart shows that Dogecoin price could reach $30 if it records this second increase, just like it did in 2017.
In 2017, the price of Dogecoin enjoyed two spikes. In the first session, it rose to $0.00850 before calming down. After the consolidation period, it saw further parabolic rise, rising to $0.01. like Slow growing trader Pointed out, something similar could happen again.
The price of Dogecoin saw a massive surge between October and November, recording gains of over 200% during that period. However, the major currency has since calmed down and consolidated within the $0.4 range. If DOGE has to repeat the two sub-cycles Increases from 2017This indicates that more deterministic upside awaits us.
As predicted by a cryptocurrency analyst, this parabolic rally will occur in 2025 and could push the price of Dogecoin to $30. Trader Tardigrade seems convinced that Dogecoin can reach double digits this market cycle. Before now, market participants have been asked to consider whether and when to lock in profits in this uptrend Dougie hits Between $10 and $30.
New ATH imminent
analyst Justin Bennett I recently predicted that a new all-time high (ATH) is imminent for Dogecoin price. In X’s post, he mentioned that the new DOGE ATH seems like a formality at this point. He noted that the first meme coin is consolidating well on the daily chart.
The analyst shared an analysis of the daily and weekly chart, which showed that Dogecoin price could rise to $0.76 in this next bullish phase. The weekly chart showed that Dogecoin could even break the resistance at this level and Further rise to $1.6. Meanwhile, on the daily chart, the meme coin could reach $0.85 after breaching the $0.76 resistance level.
It is worth noting that Dogecoin price is currently enjoying some bullish momentum again after that Elon Musk DOGE mocked in a recent meme he posted on his X platform.
At the time of writing, Dogecoin price is trading at around $0.44, up more than 3% over the past 24 hours, according to Data From Coin Market Cap.
Featured image from Forbes, chart from TradingView
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