According to crypto expert Trader Tardigrade, we might be witnessing the build-up for Dogecoin’s second Supercycle. The analyst offered explanations on why the meme currency’s value could potentially reach over $10, as it appears to follow the pattern of its first Supercycle.
Dogecoin SuperCycle 2 To Happen In The Coming Months
In a recent post on X, the crypto expert Trader Tardigrade foresees the Dogecoin SuperCycle 2 occurring within the next few months. Referencing the previous cycle, the analyst believes that the current level of Dogecoin offers a substantial investment opportunity. He went on to note that the popular meme coin could potentially undergo swift growth in the upcoming months.
As a crypto investor, I find myself intrigued by the projection that Dogecoin could potentially surge beyond $10 this year, as part of the anticipated SuperCycle 2. What’s more, the long-term prediction for this meme coin in this cycle suggests a target price of $130. The chart reveals that the first SuperCycle occurred between 2014 and 2021, during which Dogecoin experienced significant price increases across three bull runs, leading to its current all-time high (ATH) of $0.73.
Previously, Trader Tardigrade mentioned that Dogecoin is mirroring a larger chart pattern from 2014 to 2018. Based on this pattern, he anticipates that DOGE could surge up to $17 by the end of the year. This analyst believes the increase in Dogecoin’s value could happen swiftly and suddenly, potentially taking many investors by surprise.
As I observed, the ongoing price behavior seems consistent with a historically bullish signal. This suggests, from my perspective as a researcher, that a significant surge could be imminent for Dogecoin (DOGE). Interestingly, Trader Tardigrade has pointed out that DOGE appears to have established support within the Fibonacci 0.382 to 0.5 range. The recent dip and subsequent rebound in this area indicate a potential successful retest, which is often a positive sign.
Some Positives For DOGE
In a recent post on platform X, crypto analyst Ali Martinez disclosed that whales have purchased more than 1 billion Dogecoin within the last month. Historically, such large-scale buying by whales often signals a price increase, making this trend optimistic for the meme currency. Additionally, the network of Dogecoin is experiencing higher levels of activity.
As a researcher delving into the world of cryptocurrencies, I too have noticed an uptick in Dogecoin’s active addresses, transaction volume, and whale activity – indicators that suggest a positive trend. These signs, often referred to as ‘bullish signals,’ could potentially fuel further growth for DOGE. In my analysis, I’ve identified some factors that might trigger another bull run for this popular meme coin.
As a crypto investor, I’ve noticed that the price of Dogecoin is currently facing significant resistance at around $0.26. If this resistance can be broken, however, it might trigger a new bull run for DOGE and potentially drive its price up to as high as $0.4, according to an expert’s analysis I’ve come across. Here’s the chart to help visualize the possible outcome: [Insert chart here]
Currently, as I speak, Dogecoin’s value is being exchanged for approximately $0.22, representing a decrease over the past 24 hours, based on information from CoinMarketCap.
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2025-05-16 22:19