Dogecoin Price Could See A Major Spike To $10 If This Trend Repeats
A crypto analyst, TheMoonHailey, predicts that Dogecoin (DOGE) could experience a historic rally to $10, based on a recurring long-term chart pattern. The analysis points to an ascending parallel channel that has contained DOGE's price action since 2014, with three major cyclical bottoms identified along the channel's lower support line.
The first two bottoms, in 2017 and 2021, preceded massive rallies of 9,200% and 26,000%, respectively. The analyst suggests DOGE is currently forming a third major bottom near the $0.09-$0.10 level, mirroring the historical setup. If the pattern repeats, a parabolic surge to the channel's upper boundary near $10 is projected, which would represent a gain of over 11,000%.
A separate analyst, Trader Tardigrade, using the same pattern, offers a more conservative bullish target of $3, which would still be a gain of over 3,200%. The prediction hinges on DOGE holding its current support level, from which its previous historic rallies were launched.
bitcoinist03/07 01:02