Crypto analyst Trader Tardigrade predicted that the Dogecoin price could hit double digits if it repeats historical patterns from the 2017 bull run. The analyst had previously predicted that Dogecoin could collect $ 8.7 if it shows the bull cycle of 2017.
Dogecoin Price Could Hit Double Digits If It Follows These Historical Patterns
In an X postTrader Tardigrade revealed that Dogecoin may have formed two sub-cycles in the cycle. If so, the crypto analyst said the upcoming DOGE bull in 2025 will follow 2017 bull runwhich also has two surges. The analyst’s chart shows that the price of Dogecoin could reach $30 if it records this second surge, like in 2017.
In 2017, the price of Dogecoin enjoyed two bull runs. In the first cycle, it rose to $0.00850 before cooling off. After the consolidation period, it saw a more parabolic rally, rising to $0.01. As Trader Tardigrade shown, the same thing may play out again.
The price of Dogecoin saw a major bull run between October and November, recording a gain of over 200% during that time. However, the leading meme coin has cooled down and was consolidating within the $0.4 range. If the DOGE is a small cycle repeater available since 2017that suggests a further parabolic rally to come.
As the crypto analyst predicted, this parabolic rally will happen in 2025 and could send the price of Dogecoin to $30. Trader Tardigrade seems confident that Dogecoin can reach double digits in this market cycle. Before now, he told market participants to consider taking advantage of this bull run there DOGE hits between $10 and $30.
A New ATH Is Near
Analyst Justin Bennett recently predicted that an all-time high (ATH) is near for the price of Dogecoin. In X’s post, he said that the new DOGE ATH seems legit right now. He noted that the leading meme coin is well integrated in the daily chart.
The analyst shared a daily and weekly chart analysis, which showed that the price of Dogecoin could reach $0.76 in the next leg. The weekly chart showed that Dogecoin could even break the resistance at this level again another rally to $1.6. Meanwhile, on the daily chart, the meme coin can reach $0.85 after breaking the resistance at $0.76.
It is worth mentioning that the price of Dogecoin is already enjoying bullish momentum and after that Elon Musk shilled DOGE in a recent meme he posted on his X site.
At the time of writing, the price of Dogecoin is trading at around $0.44, up more than 3% in the last 24 hours, according to the report. data from CoinMarketCap.
Featured image from Forbes, chart from TradingView
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