Key points to remember:
- Analysts predict that Dogecoin price could potentially exceed $10 during its current cycle.
- Two key projections suggest that Dogecoin could reach between $1.40 and $2.90 in the coming weeks.
- A significant breakout is expected to occur by early December 2024, with a potential new all-time high (ATH).
Dogecoin (DOGE) price predictions are generating significant buzz in the cryptocurrency community. According to Dima James PottsA bullish projection based on technical models suggests that Dogecoin could surpass $10 during the current cycle.
Potts first noticed something that occurs periodically in the weekly DOGE chart: this red line has always traced the top of each spike so far. The wick of each candle has reached the next higher line above red in order, almost like a future road map for price action.
If the trend continues to hold, Potts believes the price of DOGE could start at $24 this year and gradually increase, with the price well above $10 this cycle.
Dogecoin Cyclical Patterns Signal Potential Breakout
Meanwhile, another analyst, Master Kenobiprojects optimism based on the cyclical behavior of DOGE. According to Kenobi, the cryptocurrency’s price trajectory appears to be consistent with what has been observed over the past two cycles.
He says that this cycle started earlier than the previous two, since it started on September 2, 2024, while it had started on November 3, 2020. Considering that past cycles were similar to this one, Kenobi believes DOGE could reach a new ATH around December 2, 2024, in a few weeks.
Analyst Charts DOGE’s Path to $1.08 in the Short Term
Kenobi’s predictions are based on the historical pattern of massive breakouts after Dogecoin moved from one key trendline to another. Over the past two cycles, few people believed in such moves, but history has proven them right.
Its updated chart suggests that DOGE could reach $1.40 to $2.90 in the near term and around $1.08 in the immediate future. These projections have once again put Dogecoin in the spotlight, with most investors waiting for any signal that could indicate a breakout.
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