Dogecoin To Rally 6,770% If This Pattern Holds: Crypto Analyst
An analyst has explained how Dogecoin could end up witnessing a rally of around 6,770% if this pattern continues to follow for the meme coin. Dogecoin Has Been Trading Inside A Long-Term Ascending Channel In a new post on X, analyst Ali Martinez discussed a long-term pattern in which the weekly price of Dogecoin has been trading inside. The pattern in question is the Ascending Parallel Channel from technical analysis. A Parallel Channel refers to a consolidation pattern that forms when the price of an asset moves inside two parallel trendlines. The upper line is made by joining together....
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Investors in Dogecoin were sent mixed signals this week after market analysts disclosed forecasts regarding the future price action of the meme cryptocurrency. Some predict a spectacular rally, while others forecast a sharp decline before there can be any rally. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says Analyst Predicts 500% Price Jump Based On Chart Pattern From crypto commentator “Steph is Crypto,” Dogecoin looks primed for an epic price surge in excess of 500%. That’s the estimate based on a chart pattern seen before a....
Back in 2024, the Dogecoin price trended low for a significant amount of time, shattering expectations of a rally. However, with the year drawing to a close, the tides began to change and the meme coin saw its value rising. One crypto analyst that predicted the rise is World of Charts, who took to X (formerly Twitter), to share with their over 30,000 followers the formation of a falling wedge pattern and the eventual breakout that would lead to new yearly peaks. Calling The Dogecoin Price Bottom In September 2024, the Dogecoin price was still trending below $0.1 after months of....
Crypto analyst EWT has made a bullish case for the Dogecoin price, predicting it could rally to as high as $8.5. His analysis explained why the foremost meme coin could reach such an ambitious price target. Analyst Predicts Dogecoin Price Rally To $8.5 In an X post, EWT predicted that the Dogecoin price could rally […]
Crypto analyst Trader Tardigrade has highlighted an interesting development in the Dogecoin price movement as it starts to trade within a range. According to technical analysis by the crypto analyst, Dogecoin is currently in a manipulation phase. Interestingly, he noted that the king of meme coins has been following the Power of Three (PO3) pattern […]
An analyst has explained how Dogecoin could observe a significant rally next if its price can hold the bottom level of this pattern. Dogecoin Is Currently Testing The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has discussed about a long-term pattern forming in the weekly price of Dogecoin. The pattern in question is the “Ascending Channel” from technical analysis (TA), which is a type of Parallel Channel. A Parallel Channel is a consolidation pattern in which the price of the asset remains locked between two parallel trendlines. The upper level....