Crypto analyst Trader Tardigrade has highlighted an uptrend in which the Dogecoin Price formed during previous bullish cycles. Based on this, the analyst raised the possibility of the top coin reaching $10.
Dogecoin Price Repeats Falling Coin Pattern
Trader Tardigrade revealed in an article falling corner pattern on the monthly chart. He added that a parabolic move should follow the falling wedge breakout. Its attached chart shows that Dogecoin could rally back to $10 as this parabolic move occurs.
Dogecoin price also saw parabolic movements during the 2021 and 2017 bull runs when a breakout following the falling wedge pattern formed on the monthly chart. In 2021, the price breakout led Dogecoin to reach its current level. absolute record (ATH) of $0.73 in this market cycle.
Crypto analyst Dima James also raised the possibility of Dogecoin price recovering to $10. He stated that he expects DOGE recovery to extend until 2025. Interestingly, he suggested that Dogecoin could even surpass $10 and reach $36. However, he noted that Dogecoin adoption would play a crucial role in pushing the meme coin to new heights.
Meanwhile, crypto analyst Master Kenobi, who predicted The start of Dogecoin’s bull run said the price could see a massive surge ahead of the US elections on November 5, thus catching many people off guard. However, if this does not happen, he expects the meme coin to consolidate for around 30 days before experiencing another price breakout.
Next breakout could send DOGE to $0.22
Crypto analyst Crypto Daily predicted that the next Dogecoin Price the breakout will send the coin to $0.22. The analyst noted that even though everyone is in Dogecoin panic mode, the meme coin has formed a huge cup-and-handle pattern on the daily chart, which dates back to June 2024.
The analyst added that the cup handle currently has $0.15 price level as a support zone. Crypto Daily noted that Dogecoin price is expected to bounce off this support level and reach $0.22.
Ali Martinez, crypto analyst also provided insight into what could be the next move in the price of Dogecoin. In an article The analyst previously hinted at DOGE’s historical pattern while stating that the meme coin could benefit from a parabolic bull run in November.
Meanwhile, self-proclaimed Dogecoin analyst on US presidential elections.
Featured image created with Dall.E, chart from Tradingview.com