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07/31 14:21

Dogecoin Hits New High, Following Repeating Trend

Dogecoin Hits New High, Following Repeating Trend

Trader Tardigrade has confirmed that Dogecoin is heading for its first bullish monthly candlestick pattern since February.

If the meme coin continues its previous trend, we can expect a multi-month rally before hitting new highs.

Specifically, the chart provided by the analyst predicts that Dogecoin will break out of its previous high of $0.748 and hit $0.85. This represents a 252% increase from the current price of $0.241 and a 559% increase from the April low of $0.129.

Notably, trader Tardigrade is not the only one predicting that Dogecoin could hit new highs in the near future.

Another analyst, MangoMan4, also targeted the $0.85 level in his latest analysis, noting that the price will break out of the resistance zone.

 Meanwhile, MasterAnanda predicts Dogecoin to continue to rise to $1.17, while CryptoELITE even suggests that $5 is a realistic target for Dogecoin in this cycle.

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