Dogecoin Price May Surge Above $10 Following Bitcoin Pattern

Crypto analyst DOGECAPITAL identified a Bitcoin-like pattern in Dogecoin's chart, suggesting a potential rally that could push DOGE above $10, establishing a new all-time high (ATH). This analysis draws parallels with historical Bitcoin price cycles.

Key Insights from the Analysis

In 2017, DOGE rose 94x following BTC closing at its ATH.
In 2020, it surged 190x after BTC achieved new ATHs.
For the current cycle, BTC must confirm a weekly close above its ATH to validate a DOGE breakout.
Historical trends indicate DOGE may dramatically outperform Bitcoin again.
Potential targets include a rally to $69.

Market participants should monitor Bitcoin's weekly close. Prior instances show significant DOGE surges when BTC confirms new highs. Analyst Ali Martinez predicts DOGE may target $0.31 soon, breaking out of a bull pennant.

DOGE’s Current Uptrend

Trader Tardigrade states DOGE's uptrend remains solid, aiming for $1.
Expectations are set for DOGE to surpass the recent high of $0.25.
Master Kenobi anticipates DOGE will consolidate for 17 days before rising to $0.75 by June, potentially creating a new ATH above $0.73.

Currently, Dogecoin is trading at approximately $0.2286, reflecting a decline of over 6% in the last 24 hours.