Dogecoin Price Repeats Falling Wedge Pattern From 2021, Why A 6,150% Rally To $10 Is Possible

Cryptocurrency analyst Trader Tardigrade highlighted the bullish pattern in which it is emerging Dogecoin price Formed in previous Taurus cycles. Accordingly, the analyst raised the possibility of the first meme coin rising to $10.

Dogecoin price repeats falling wedge pattern

Trader Tardigrade revealed in X’s post that the price of Dogecoin has hit again Falling wedge pattern On the monthly chart. He added that the parabolic move is set to follow the breakout of the falling wedge. The accompanying chart showed that Dogecoin could rise to $10 as this parabolic move occurs.

Dogecoin price also saw parabolic moves to the upside of 2021 and 2017 when a breakout occurred following a falling wedge pattern that formed on the monthly chart. In 2021, a price breakout brought Dogecoin to its current position All time high (ATH) From $0.73 in that market cycle.

Cryptocurrency analyst Dima James also raised the possibility of Dogecoin price rising to $10. He stated that he expected Doji rebound For extension until 2025. Interestingly, he suggested that Dogecoin could rise above $10 and rise to $36. However, he noted that Dogecoin adoption will play a crucial role in pushing the meme coin to new heights.

Meanwhile, cryptoanalyst Master Kenobi who prophesied The beginning of Dogecoin’s bullish rally said that the price could enjoy a massive move to the upside ahead of the US elections on November 5, surprising many in the process. However, if this does not happen, he expects the meme coin to consolidate for about 30 days before it enjoys another price breakout.

The next breakout could send DOGE to $0.22

Crypto Daily analyst predicted the following Dogecoin price The hack will send the meme coin to $0.22. While everyone is in a Dogecoin panic, the meme coin has formed a massive cup-and-handle pattern on the daily chart, dating back to June 2024, the analyst noted.

The analyst added that the cup handle price level is currently $0.15 as a support area. Crypto Daily noted that Dogecoin price should bounce off this support level and reach $0.22.

Cryptocurrency analyst Ali Martinez It also provided insight into what could be the next step for Dogecoin price. In X’s post, he predicted that if the resistance level crosses $0.169, Dogecoin could rise 27% to $0.209. The analyst had earlier hinted at DOGE’s historical pattern while stating that the meme could enjoy a parabolic upward trajectory in November.

Meanwhile, Kevin Capital, a popular Dogecoin analyst on X, said that the price of Dogecoin could rise to $0.5 by the end of the year if Donald Trump wins the prize. US presidential elections.

Featured image created with Dall.E, chart from Tradingview.com