Crypto analyst Trader Tardigrade drew the attention of the crypto community to the bullish pattern from 2021, the price of Dogecoin is repeating. This has increased the probability of the top meme coin to $16 in this market cycle.
Dogecoin Price Repeats 2021 Bullish Pattern
In the X post, Trader Tardigrade revealed that the price of Dogecoin is repeating the same pattern since 2021 bull run. His accompanying chart showed that the pattern led to Dogecoin’s great god candle in the previous cycle. In line with this, the crypto analyst suggested that it is possible for DOGE to see another god candle that will send its value to $16.
Trader Tardigrade noted that DOGE will be large, suggesting that the value of Dogecoin could reach this price level. On several occasions, crypto analyst predicted that Dogecoin could reach this price target this bull is running. Recently, he said that between $10 and $30 will be the top of the meme coin this market cycle.
Meanwhile, he also said the price of Dogecoin it can go up to $30 in March 2025 if it indicates a 2021 bull run. Meanwhile, Dogecoin is looking to share more similarities with the 2021 bull run than any other cycle, suggesting it could repeat the parabolic rally recorded at that time.
Even before the DOGE bull run began, Trader Tardigrade revealed that the price of Dogecoin was flashing the same pattern that led to a 28,000% increase in 2021. The proposed rally to $16 in this market cycle is still possible. Besides Trader Tardigrade, crypto analysts like Ali Martinez have shown that Dogecoin can reach this target of $16.
Martinez said the price of Dogecoin could rise to $23 in this market cycle. He explained that this could happen if the leading meme coin reaches the 2.272 Fibonacci level.
DOGE to $1 is Close
Currently, the short- to medium-term psychological target for Dogecoin’s price remains at $1, and crypto analyst Master Kenobi has predicted that DOGE will reach this soon. Bitcoin is over $100,000. Based on his latest analysis, Dogecoin’s next leg to the top could start any time now, as it has recorded consolidation similar to the previous cycle.
Crypto analyst Kevin Capital it also refers to this time of integration in the previous cycle while suggesting that the next leg is going up and loading. He noted that in the last cycle when the price of Dogecoin had its first big leg, it was consolidated for 24 days after that move before recording another leg up to the big gold package.
If Dogecoin could follow the same path, he predicts that the next leg will start at the end of this week, and the meme coin will start to rally macro gold pack which is $3.80 to $4.
At the time of writing, the price of Dogecoin is trading at around $0.43, up more than 4% in the last 24 hours, according to the report. the data from CoinMarketCap.
The featured image was created with Dall.E, a chart from Tradingview.com
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