In the middle of Downward marketCrypto analyst Dogcapital explained why the projected rally of Dogecoin prices at $ 10 is still in preparation. The analyst has described several developments which confirm these upward perspectives for the first piece of memes.
Why the price of Dogecoin can always come together at $ 10
In a X postThe Dogecapital explained why he is convinced that the price of the Dogecoin will always bring together at $ 10 and even more This market cycle. While referring to the daily graphic of Doge, he first declared that the indicator at the top of his accompaniment graph has always identified the tops of the Dogecoin cycle, which are marked by the red vertical lines with the “zone zone Never miss ”on the wave indicator.
Second, the Crypto analyst noted that this same indicator aligns about the theory of 1442 days, which suggests that the price of Dogecoin completes each cycle and reaches his last peak during the fourth year of the cycle. He added that the theory of parallel channels predicted precisely the top of the final cycle by hitting the line just above the red line (on its accompaniment graph) in the 2017 and 2021 cycles.
The Dogecoin price is currently on a downward trend, from its local summit of around $ 0.46 in December 2024 to $ 0.2. However, Dogécapital suggested that this price drop was not moved. He said that the first corner even had reached this level historically before entering phase 2 of its movement parabolic.
The crypto analyst said that phase 2 generally culminates when the price reaches the same parallel line. His table which accompanies him showed that the lower limit of the canal is to the objective of $ 4. He thinks that Dogecoin will follow this model again, leading to a major correction after phase 2, similar to the previous cycles, before it passes in phase 3, which would be the final phase of the cycle.
DOGE can reach $ 45 in phase 3
Dogecapital predicted that the price of the Dogecoin could rally up to $ 45 in phase 3 of the bull cycle. He noted that in phase 3, the top price of each cycle reaches the line just above the parallel line, marking the Exact top of the cycle. According to him, this line is positioned at $ 45 and gradually increases over time.
The crypto has also said that if history is repeated, the calendar of the Dogecoin price reaching this line will determine when the final peak of this cycle occurs. Dogecapital predicts that Dogecoin will occur in a similar way to or even open his previous Fourth cycle performances. He added that this expectation is based on factors such as technological progress, increased global adoption and increasing institutional interest.
When writing data from CoinMarketCap.
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