Crypto analyst Trader Tardigrade has highlighted a bullish pattern in which the Dogecoin price formed in previous bull cycles. Based on this, the analyst raised the possibility of the foremost meme coin rising to as high as $10. 

Dogecoin Price Repeats Falling Wedge Pattern

Trader Tardigrade revealed in an X post that the Dogecoin price had repeated a falling wedge pattern on the monthly chart. He added that a parabolic move is set to follow the falling wedge breakout. His accompanying chart showed that Dogecoin could rally to $10 as this parabolic move occurs. 

The Dogecoin price also experienced parabolic moves in the 2021 and 2017 bull runs when a breakout following the falling wedge pattern formed on the monthly chart. In 2021, the price breakout led to Dogecoin hitting its current all-time high (ATH) of $0.73 in that market cycle. 

Crypto analyst Dima James has also raised the possibility of the Dogecoin price rallying to $10. He stated that he expects the DOGE recovery to extend into 2025. Interestingly, he suggested that Dogecoin could even rally above $10 and rise to as high as $36. However, he noted that Dogecoin adoption would play a crucial role in pushing the meme coin to new heights. 

Meanwhile, crypto analyst Master Kenobi, who predicted the start of the Dogecoin bull run, has said that the price could enjoy a massive move to the upside ahead of the November 5 US elections, catching many off-guard in the proce

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Author: Scott Matherson