[ad_1]
Crypto analyst Trader Tardigrade has 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 rally as high as $8.7 if it mirrors the 2017 bull cycle.
Dogecoin Price Could Hit Double Digits If It Follows These Historical Patterns
In an X post, Trader Tardigrade revealed that Dogecoin may have formed two sub-cycles in a cycle. If that is the case, the crypto analyst claimed that the upcoming DOGE bull run in 2025 would follow the 2017 bull run, which also had two surges. The analyst’s chart shows that the Dogecoin price could reach as high as $30 if it records this second surge, just like in 2017.
In 2017, the Dogecoin price enjoyed two bull runs. In the first cycle, it rallied to as high as $0.00850 before cooling off. Following the consolidation period, it witnessed a more parabolic rally, surging to $0.01. As Trader Tardigrade indicated, something similar could be playing out again.
The Dogecoin price witnessed a massive bull run between October and November, recording a gain of over 200% during that period. However, the foremost meme coin has since cooled off and has been consolidating within the $0.4 range. If DOGE is to replicate the two sub-cycle surges from 2017, that suggests a more parabolic rally lies ahead.
As the crypto analyst predicted, this parabolic rally would happen in 2025 and could send the Dogecoin price to as high as $30. Trader Tardigrade seems convinced that Dogecoin could reach double digits in this market cycle. Before now, he told market participants to consider securing profits in this bull run when DOGE hits between $10 and $30.
A New ATH Is Imminent
Analyst Justin Bennett recently predicted that a new all-time high (ATH) is imminent for the Dogecoin price. In an X post, he stated that a new DOGE ATH seems like a formality at this point. He remarked that the foremost meme coin consolidated nicely on the daily chart.
The analyst shared a daily and weekly chart analysis, which showed that the Dogecoin price could rally to $0.76 on this next leg up. The weekly chart showed that Dogecoin could even break the resistance at this level and further rally to $1.6. Meanwhile, On the daily chart, the meme coin could reach $0.85 after breaching the $0.76 resistance.
It is worth mentioning that the Dogecoin price is already currently enjoying some bullish momentum again after Elon Musk shilled DOGE in a recent meme which he posted on his X platform.
At the time of writing, the Dogecoin price is trading at around $0.44, up over 3% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Forbes, chart from TradingView
[ad_2]
Source link
