1 week ago
6
Crypto analyst Trader Tardigrade has revealed how high the Dogecoin price could rise if it were to mirror its previous bull runs. This comes DOGE’s recent run, which has led to the foremost meme coin becoming the sixth-largest crypto by market cap.
How High The Dogecoin Price Could Rise
In an X post, Trader Tardigrade said that the Dogecoin price is set to mirror past cycles and then mentioned how high it could rise based on past bull cycles. The crypto analyst predicted Dogecoin could rally to $8.7 by August 2025 if it mirrors its 2016 bull run price action. Meanwhile, he added that DOGE might skyrocket to $30 by March 2025 if it follows its 2021 bull run.
Source: XThe Dogecoin price recorded a much larger gain in the 2021 bull run than the one in 2016, which is why it could rally higher if it replicates the 2021 price action. However, Dogecoin replicating the 2021 bull run means it will reach its market peak faster in this cycle, as Trader Tardigrade indicated.
Meanwhile, the crypto analyst also recently suggested that the Dogecoin price was more likely to mirror the 2021 bull run when he said that the bi-monthly RSI has surged to the 2020 levels. A rally to $30 from DOGE’s current price level represents a price gain of around 10,000%. However, there is the possibility that the meme coin’s gains in this market cycle could be larger than that since it has always outperformed in every successive bull run.
DOGE Set To Rally To $10
In an X post, crypto analyst Dima James indicated that the Dogecoin price is set to rally to $10. This came as he noted that Dogecoin had formed an inverse head-and-shoulders pattern in every cycle before recording a massive rally. In 2016, the meme coin rallied 3,300% after breaking above the weekly resistance neckline and rallied 12,000% in 2021 after that same thing happened.
The analyst revealed that the same thing was about to happen again. In line with this, he remarked that market participants should expect massive upward swings followed by large pullbacks extending into 2025. He added that a significant increase in trading volume should also drive the Dogecoin price higher.
Source: XThe analyst’s accompanying chart showed that the Dogecoin price could indeed rally higher and rise to as high as $36, just over Trader Tardigrade’s target if the meme coin replicates the 2021 bull run. Crypto analyst Olivier also recently predicted that Dogecoin could rally to $32 in this bull run while indicating that a new all-time high (ATH) was just a few weeks away.
At the time of writing, the Dogecoin price is trading at around $0.28, up over 23% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
English (US) · 