17 hour ago
0 0
Dogecoin Poised for $1 Surge Amidst Repeating 2023-2024 Pattern
A familiar long-term pattern suggests a potential rebound for Dogecoin. Technical analysis highlights:
- Dogecoin's price has reached a critical support level, mirroring a setup that led to a breakout in the 2023-2024 cycle.
- Crypto analyst Trader Tardigrade predicts a surge to $1.10 from the current $0.15, based on the weekly chart settling at its support trendline for the third time in the 2021-2026 cycle.
- The current pattern mimics late 2023's structure, which initiated a consistent uptrend throughout 2024.
- Historical cycles show Dogecoin completing three closes at the support zone before reversing upwards sharply.
- There's potential for another significant rise above $1 by 2026 if historical patterns continue.
Additional insights reveal:
- A breakout from a Descending Channel on the lower timeframe chart indicates a shift from a downtrend.
- Technical indicators such as RSI and MACD show positive momentum, supporting an upward move.
- Early signals on lower time frames suggest the beginning of a potential uptrend for Dogecoin.
