Cryptocurrency Analyst Trader Tardigrade highlighted the historical pattern that led to Dogecoin Price Rise in 2021. Based on his analysis, the leading meme coin is poised for a similar price rally, which could happen soon.
Dogecoin Recurring Chart 2021 Pattern
Trader Tardigrade mentioned in X (formerly Twitter) fasting that Dogecoin repeats same chart pattern 2021He noted that the meme coin is “ready to go” and suggested that Dogecoin’s price growth will begin when running of the bulls is back in full swing. Dogecoin has seen an incredible rally of over 28,000% in 2021, meaning such an impressive price rally could be on the horizon again for the premier meme coin.
Cryptocurrency Analyst Javon Marks previously predicted that Dogecoin would do better than in Bull Run 2021. He made this prediction because the meme coin has always outperformed its previous run in each subsequent bull run. Based on this, Marks predicted that Dogecoin could rise to $17 in this market cycle.
Cryptocurrency analyst Ali Martinez also used to Planned that Dogecoin could rise to double digits this market cycle. He predicted this, noting that the meme coin appears to be mirroring its 2021 pattern. He added that it could be a “massive parabolic bull run” for Dogecoin if it does.
These crypto analysts make up a long list of people who have made bullish predictions for Dogecoin. While not as bullish as Marks and Matinez, someone like crypto analyst Kevin (formerly OG Yomi) has Planned that Dogecoin could rise to $3 in this bull market. Cryptocurrency analyst Altcoin Sherpa also predicted that Dogecoin would eventually rise to $1 in this market cycle.
Meanwhile, cryptocurrency analyst Andrew Kang has made a bullish case for Dogecoin heading into the latter stages of its bull run. he stated that meme coins make up the majority of altcoins that will reach up-to-date highs by the end of the year or early 2025.
DOGE ready for massive bounce
Tardigrade Trader recently foreseen that Dogecoin could go as high as $0.14 when it experiences a “massive bounce.” He predicted this by stating that the meme coin was “playing Wyckoff Accumulation”, meaning Dogecoin whales are adding to their positions. The cryptocurrency added that “spring is already here,” alluding to the massive bounce Dogoicoin could achieve from its current price level.
Dogecoin was one of the most affected coins after the recent market downtrend. This was mainly due to robust price correlation of meme coin with Bitcoin. However, with Flagship Crypto Back Above $60,000Dogecoin also seems poised for a major rally that could push its price to up-to-date highs.
At the time of writing, Dogecoin is trading at around $0.11, up over 3% in the past 24 hours, according to CoinMarketCap data.
Featured image created with Dall.E, chart from Tradingview.com
