Crypto analyst Trader Tardigrade has predicted that the Dogecoin price could hit double digits if it repeats historical patterns from the 2017 bull run. The analyst had previously predicted that Dogecoin could rally as high as $8.7 if it mirrors the 2017 bull cycle. 

Dogecoin Price Could Hit Double Digits If It Follows These Historical Patterns 

In an X post, Trader Tardigrade revealed that Dogecoin may have formed two sub-cycles in a cycle. If that is the case, the crypto analyst claimed that the upcoming DOGE bull run in 2025 would follow the 2017 bull run, which also had two surges. The analyst’s chart shows that the Dogecoin price could reach as high as $30 if it records this second surge, just like in 2017. 

In 2017, the Dogecoin price enjoyed two bull runs. In the first cycle, it rallied to as high as $0.00850 before cooling off. Following the consolidation period, it witnessed a more parabolic rally, surging to $0.01. As Trader Tardigrade indicated, something similar could be playing out again. 

The Dogecoin price witnessed a massive bull run between October and November, recording a gain of over 200% during that period. However, the foremost meme coin has since cooled off and has been consolidating within the $0.4 range. If DOGE is to replicate the two sub-cycle surges from 2017, that suggests a more parabolic rally lies ahead. 

DOGE is currently trading at $0.44. Chart: TradingView

As the crypto analyst predicted, this parabolic rally would happen in 2025 and could send the Dogecoin price to as high as $30. Trade

Go to Source to See Full Article
Author: Scott Matherson

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.