Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here’s When
2024年9月10日 - 4:00AM
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Crypto analyst Trader Tardigrade has made an ultra-bullish
prediction for Dogecoin (DOGE), suggesting that the foremost meme
coin will rise to $3.7. The analyst also provided insights into
when this meteoric rise will happen. When Dogecoin Will Rise
To $3.7 The accompanying chart, which Trader Tardigrade shared in
his analysis, showed that Dogecoin will rise to $3.7 in 2025 and
could be the peak for the foremost meme coin in this market cycle.
As part of his analysis, the crypto analyst explained why he was
confident that a price pump was on the horizon for the foremost
meme coin. Related Reading: Bitcoin Rainbow Chart Forecasts
An End To Bearish Headwinds With $60,000+ Target Trader Tardigrade
mentioned that Dogecoin consistently forms inverse Head and
Shoulders in each cycle. He further noted that the mem coin is
currently at the right shoulder in this cycle, meaning that the
price rally that comes after the corrective move on the right
shoulder is imminent. His accompanying chart showed how Dogecoin
rose to its current all-time high (ATH) of $0.73 after this bullish
pattern formed back then. It is worth mentioning that Trader
Tardigrade isn’t the only crypto analyst who has predicted that
Dogecoin could rise to as high as $3.7 in this bull run. Crypto
analyst Kevin Capital (formerly OG Yomi) once predicted that
Dogecoin could rise to as high as $3.80 and even surpass it. He
explained that the foremost meme coin has never failed to meet or
surpass the 1.618 Macro FIB extension measured from previous bull
market highs to bear market lows. Kevin also recently provided a
bullish analysis for Dogecoin, stating that the meme coin should
reach its current ATH or close to it in December later this year.
He explained that his prediction is based on the average time
between previous ATHs and crypto cycles. He urged Dogecoin holders
to stay positive as the market is still in a bullish trend even
though it might take a while for the meme coin to recover.
DOGE Could Lead The Next Market Rally Crypto analyst Ali Martinez
raised the possibility of Dogecoin being the coin that first breaks
out and kicks off the next leg up. The crypto analyst also gave a
bullish analysis of the meme coin’s current price action. Martinez
told market participants to watch out for a falling wedge on the
daily chart as a sustained close above $.10 could spark a bullish
run to $0.15. Related Reading: XRP Price To $100: Why Has It
Not Hit This Price Yet? Kevin also highlighted this falling wedge
pattern in a recent analysis, stating that Dogecoin was showing
signs of being oversold on higher time frames and looking primed
for a breakout soon. He remarked that Dogecoin’s setup is as
bullish as it can be. At the time of writing, Dogecoin
is trading at around $0.09, up over 2% in the last 24 hours,
according to data from CoinMarketCap. Featured image created
with Dall.E, chart from Tradingview.com
Dogecoin (COIN:DOGEUSD)
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