Crypto Trader analyst Tardigrade has highlighted a bullish pattern where i Dogecoin price formed in previous bull cycles. Based on this, the analyst suggested that the premium meme coin could rise to $10.
Dogecoin Price Repeats Falling Wedge Pattern
Trader Tardigrade revealed in an X post that the price of Dogecoin had doubled a a falling wedge pattern on the monthly chart. He added that a parabolic move is set to follow a wedge breakout. His chart accompanying this article showed that Dogecoin could engage in $10 as this parabolic movement occurs.
Dogecoin price also experienced a parabolic movement in 2021 and 2017 when the breakout followed the falling wedge pattern formed on the monthly chart. In 2021, the price divergence led Dogecoin to hit its current level all time high (ATH) of $0.73 in that market cycle.
Crypto analyst Dima James also suggested that the price of Dogecoin may reach $10. He said he expects that Restoration of the DOGE extending to 2025. Interestingly, he suggested that Dogecoin could even rally above $10 and rise to $36. However, he noted that the acquisition of Dogecoin will play an important role in pushing the meme coin to new heights.
Meanwhile, crypto analyst Master Kenobi, who predicted the start of Dogecoin’s bull run, he said the price may enjoy a big upward movement ahead of the November 5 election in the US, catching many off guard in the process. However, if that doesn’t happen, expect the meme coin to rally for about 30 days before it can enjoy another price breakout.
The Next Breakout Could Send DOGE To $0.22
A Crypto Daily analyst predicted the following Dogecoin price The breakout will send the meme coin to $0.22. The analyst noted that while everyone was in panic mode for Dogecoin, the meme coin formed a large cup and handle pattern on the daily chart, which dates back to June 2024.
The analyst added that the cup handle currently has a price level of $0.15 as a support point. Crypto Daily noted that the price of Dogecoin should jump to this support level and break out of $0.22.
Crypto analyst Ali Martinez and provide insights into what could be the next step for Dogecoin’s value. In the post of X, he predicted that if it breaks above the resistance level of $0.169, Dogecoin can rally by 27% to $0.209. The analyst previously referred to DOGE’s historical pattern when he said the meme coin could enjoy a parabolic bull run this November.
Meanwhile, Dogecoin analyst who calls himself X Kevin Capital said that the price of Dogecoin could reach $0.5 by the end of the year if Donald Trump wins. The US presidential election.
The featured image was created with Dall.E, a chart from Tradingview.com
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