Dogecoin Price Could Hit Double Digits If It Follows 2 Sub-Cycle Surges From 2017

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As a seasoned researcher with over two decades of experience in the financial markets, I have seen my fair share of predictions and market cycles. However, when it comes to Dogecoin (DOGE), I must admit that I find Trader Tardigrade’s analysis particularly intriguing. Given my extensive background in analyzing historical patterns, I can appreciate the logic behind his prediction that DOGE could potentially hit double digits if it follows the same trajectory as its 2017 bull run.

As a crypto investor, I’ve been closely watching the predictions of Crypto Analyst Trader Tardigrade. He suggests that if Dogecoin follows historical patterns from its 2017 bull run, we could potentially see the price reach double digits. Previously, he had predicted that Dogecoin could surge as high as $8.7 if it replicates the growth pattern of the same period.

Dogecoin Price Could Hit Double Digits If It Follows These Historical Patterns 

In a recent update on their platform, cryptocurrency trader Tardigrade hinted at the possibility of Dogecoin experiencing two smaller cycles within a larger one. If this hypothesis holds true, the anticipated Dogecoin bull market in 2025 might mirror the pattern of the 2017 bull run, which also featured two significant price increases. The analyst’s graph suggests that if Dogecoin experiences a second surge, similar to what occurred in 2017, its value could potentially climb as high as $30.

2017 saw two significant price increases in Dogecoin, with the first reaching as high as $0.00850 before a cooling-off phase. After this, it experienced a more steep rise, peaking at $0.01. As Trader Tardigrade suggested, we might see a repeat of such trends.

During October and November, the price of Dogecoin experienced an enormous surge, increasing by more than 200% during this time. But since then, the popular meme coin has slowed down and has been hovering around the $0.4 mark. If Dogecoin is to repeat its two mini-surges from 2017, it indicates that a steep upward trend could be on the horizon.

According to the crypto analyst’s forecast, a parabolic surge in Dogecoin’s price was expected by 2025 and could potentially reach up to $30. Trader Tardigrade is optimistic that Dogecoin may even surpass double-digit figures during this market cycle. Earlier, he advised investors to consider cashing out their profits during this bull run as soon as Dogecoin hits anywhere between $10 and $30.

A New ATH Is Imminent

As a crypto investor, I’m excited about Justin Bennett’s recent prediction that Dogecoin is about to reach a new all-time high (ATH). In a post on X, he suggested that this new DOGE ATH is almost a certainty at this stage. He noted that the leading meme coin has been consolidating well on the daily chart.

 

 

The analyst presented an analysis of both daily and weekly charts indicating that Dogecoin may experience a surge in price to approximately $0.76 during its next upward trend. According to the weekly chart, there’s potential for Dogecoin to surpass its current resistance level and potentially reach $1.6. On the other hand, the daily chart suggests that Dogecoin could hit around $0.85 once it breaks through the resistance at $0.76.

It’s important to note that following Elon Musk’s promotion of Dogecoin in a recent meme shared on his Twitter, the price of Dogecoin has regained some bullish momentum.

Currently, as I’m typing, the value of Dogecoin stands approximately at $0.44. In the past day, it has increased by more than 3%, based on information provided by CoinMarketCap.

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2024-12-08 08:11