Market Expert Claims DOGE’s Next Big Run Is Imminent
The much-anticipated Dogecoin bull run may be around the corner, as one cryptocurrency expert asserts that Dogecoin is gearing up for its next rally, potentially reaching all-time highs. This prediction occurs in DOGE has risen recently The past few weeks have shown a resurgence in its bullish momentum.
Dogecoin is poised to rise sharply in the coming weeks
Amid growing optimism about Dogecoin, veteran cryptocurrency expert and investor Trader Tardigrade Announce Meme coins are gearing up for their next big run. Trader Tardigrade shared his prediction on the X (formerly Twitter) platform, sparking excitement within the Dogecoin community.
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Market experts claim DOGE is ready The next bull market After citing key price patterns on the chart, specifically a hidden bullish divergence pattern, suggesting that the dog-themed meme coin is building strength for a potential breakout. The formation of a bullish implicit divergence usually occurs in a downtrend and indicates that the downward momentum may be reversing or slowing down.
Trader Tardigrade cited key patterns on the Dogecoin Relative Strength Index (RSI) 4-hour timeframe. Analysts said the key indicator provided an early sign of a continued upward trend in stocks. Dogecoinallowing digital assets to reach higher highs.
As DOGE prepares for next big rally, trader Tardigrade expect Two major pumps are due in the near term, signaling his confidence in the asset’s near-term prospects. His prediction is based on historical price trends, with Dogecoin rallying to market tops multiple times over the past two bull cycles.
For the first wave of gains, experts set its next target at the $2 price level. At the same time, the second pump is set to trigger the $20 threshold Should history repeat itself? As a result, analysts believe DOGE’s bull run has just begun, noting that it’s too early to capitalize on the uptrend.
Is DOGE’s market peaking sooner than expected?
according to According to cryptocurrency analyst Dima James Potts, the market top for Dogecoin appears to be closer than consensus expected. He made the statement after identifying similar price trends to previous cycle tops.
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In the first and second cycles, dog The gains from the bear market low to the peak were 21,821% and 54,890% respectively. Although the third cycle has not yet peaked, if past events occur again, James Potts expects DOGE to peak around January 19, 2025, as same corner It usually reaches its peak after about 1446 days.
DOGE The market top for this cycle may be quickly approaching, but the expert believes that the rebound this cycle may be bigger than the past because the percentage increase has been higher in each previous cycle, so he targets $36.
There are signs of a recovery in the overall cryptocurrency landscape, and Dogecoin may capitalize on the new momentum to see more growth in the coming days.
Featured images from Unsplash, charts from Tradingview.com
