Dogecoin Price Nudges At Important December 30th Date As DOGE/BTC Chart Aligns Perfectly With Previous Cycle

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As a seasoned researcher who has navigated through numerous market cycles and trends, I find Master Kenobi’s analysis intriguing and insightful. His comparison of the current Dogecoin price action to the 2021 bull run, based on the DOGE/BTC chart, is a refreshing approach that highlights the potential for the long-awaited pump.

crypto expert Master Kenobi recently shared insights about the current trend of Dogecoin, drawing parallels to the 2021 bull market surge. He noted that the DOGE/BTC chart appears similar to its previous cycle and offered a forecast regarding when we might see the much-anticipated price spike for Dogecoin.

Dogecoin Price Nears Long-Awaited Pump

In a recent post on X, Master Kenobi forecasted that the much-anticipated rise in Dogecoin’s price might initiate during the third week of this month, around December 30th. This prediction was made as he drew parallels between the current market behavior and the previous cycle’s trends. Despite Dogecoin’s price surge happening earlier compared to the previous cycle, Master Kenobi pointed out a striking resemblance between both cycles, particularly in connection with Bitcoin‘s halving event.

A crypto expert pointed out an interesting pattern on the DOGE/BTC graph: a bearish week (marked in red) occurs exactly 238 days after the previous halving, coinciding with the 2021 bull market surge. If past trends are any indication, Master Kenobi predicts that Dogecoin’s price will end this current week negatively, followed by two consecutive positive weeks before a significant increase (or “pump”) starts in the third week, around December 30th.

The chart he provided suggests that the price of Dogecoin could potentially reach $1.7 if the anticipated event occurs within the predicted timeframe, setting a new record high (peak value) for the popular meme currency. Currently, its all-time high is $0.73.

In an earlier communication, Master Kenobi proposed that the prolonged red consolidation for Dogecoin’s price is beneficial, even though he regretted it didn’t occur earlier. He further anticipated a new record high for Dogecoin could be achieved in the first half of January, unless it doesn’t happen before December ends.

He believes this Dogecoin price rally to a new ATH could coincide with Donald Trump’s return to the White House based on the ‘Trump Effect’ and Elon Musk’s Department of Government Efficiency (D.O.G.E). D.O.G.E provides a bullish outlook for Dogecoin, given that DOGE inspired the Department’s name. 

Hidden Bullish Divergence Forming On DOGE’s Chart

In a recent post on X, crypto expert Kevin Capital highlighted a potential bullish trend emerging in the daily chart of Dogecoin’s price. He pointed out that while Bitcoin still needs to demonstrate positive movement, this pattern could be a strong indicator. However, he emphasized that nothing is set in stone, as the Dogecoin price action currently aligns with classic textbook analysis.

As a crypto enthusiast, I’ve been excited by recent insights from Trader Tardigrade in one of his posts. He’s confidently predicted a bullish trend for Dogecoin prices. In essence, he believes that Dogecoin is primed and ready for the upcoming surge. His chart projection suggests that DOGE could potentially hit $30 at the zenith of this bull market run.

Currently, as I’m typing this, the price of Dogecoin is approximately $0.41 per coin. In the past 24 hours, it has increased by more than 6%. This information is based on data collected from CoinMarketCap.

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2024-12-12 15:11