Dogecoin Flashes Same Pattern That Led To 2021 Surge, Here’s The Target
16 July 2024 - 11:30AM
NEWSBTC
Crypto analyst Trader Tardigrade has highlighted a historical
pattern that led to the Dogecoin price surge in 2021. Based on his
analysis, the foremost meme coin is ready for a similar price
rally, which could happen soon enough. Dogecoin Repeating
Chart 2021 Pattern Trader Tardigrade mentioned in an X (formerly
Twitter) post that Dogecoin is repeating the same chart pattern
from 2021. He noted that the meme coin was “ready to go” and
suggested that Dogecoin’s price rally would begin once the bull run
returns into full gear. Dogecoin made an incredible run of over
28,000% in 2021, meaning that such an impressive price rally might
be on the horizon again for the foremost meme coin. Related
Reading: Ethereum Bulls Gear Up For Recovery – Can Spot ETFs Push
Price To New Highs? Crypto analyst Javon Marks had previously
predicted that Dogecoin would make a better run than it did in the
2021 bull run. He made this prediction because the meme coin has
always surpassed its previous run in every subsequent bull run.
Based on this, Marks predicted that Dogecoin could rise to as high
as $17 in this market cycle. Crypto analyst Ali Martinez also
once predicted that Dogecoin could rise to double digits in this
market cycle. He made this prediction while noting that the meme
coin looked to be mirroring its 2021 pattern. He added that this
could be a “massive parabolic bull run” for Dogecoin if that were
the case. These crypto analysts form a long list of
persons who have made bullish predictions for Dogecoin. Although
not as bullish as Marks and Matinez, someone like crypto analyst
Kevin (formerly OG Yomi) has predicted that Dogecoin could rise to
as high as $3 in this bull run. Crypto analyst Altcoin Sherpa also
predicted that Dogecoin will eventually rise to $1in this market
cycle. Meanwhile, crypto analyst Andrew Kang made a bullish
case for Dogecoin heading into the latter parts of the bull run. He
stated that meme coins account for most of the altcoins that will
make new highs by year-end or the beginning of 2025. DOGE
Ready For A Huge Reboud Trader Tardigrade recently predicted that
Dogecoin could rise to as high as $0.14 when it makes this “huge
rebound.” He made this prediction while stating that the meme coin
has been “playing Wyckoff Accumulation,” meaning that Dogecoin
whales have been adding their positions. The crypto added that
“spring is here right now,” alluding to the massive bounce that
Dogoicoin could make from its current price level. Related
Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has
Returned, Is $70,000 Possible? Dogecoin was one of the most
affected coins following the recent market downtrend. This was
mainly due to the meme coin’s strong price correlation with
Bitcoin. However, with the flagship crypto back above $60,000,
Dogecoin also looks primed for a massive rally, which could send
its price to new highs. At the time of writing, Dogecoin is
trading at around $0.11, up over 3% in the last 24 hours, according
to data from CoinMarketCap. Featured image created with
Dall.E, chart from Tradingview.com
Dogecoin (COIN:DOGEUSD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dogecoin (COIN:DOGEUSD)
Historical Stock Chart
From Jul 2023 to Jul 2024