Dogecoin Price Patterns Suggest Potential Surge to $4
Crypto analyst KrissPax noted that Dogecoin's price is following a pattern similar to the 2017 bull run, suggesting a potential surge to $4 if a breakout occurs.
Key Points on Dogecoin Price Trends
- Dogecoin mirrors the 2017 bull cycle; significant breakout could exceed its all-time high of $0.73.
- Analyst Master Kenobi predicts a more conservative target of $1.1 by June.
- Current price around $0.18, up over 4% in the last 24 hours.
- Analysts indicate Dogecoin has bottomed after dropping to $0.14.
- Trader Tardigrade emphasizes the need for DOGE to break above $0.185 for confirmation of a breakout.
- Accumulation by whales observed, with over 120 million DOGE purchased last week.
- Potential rally to $0.183, which may lead to a further rise to $0.2.
- RSI indicators show recent momentum, which could support a strong uptrend.
Breakout confirmation is necessary for a sustained upward movement; current resistance remains a critical factor for future price action.
