Dogecoin Price Replicates ‘Reversal Box’ Move From 2020, What Happens Next?

Crypto analyst Trader Tardigrade has drawn the crypto community’s attention to a historical pattern in which the Dogecoin price has replicated this cycle. The analyst indicated this is bullish for the foremost meme coin as he revealed what will likely happen next.

Dogecoin Price Replicates Reversal Box Move From 2020

Trader Tardigrade mentioned in an X post that the Dogecoin price has repeated the move in a ‘Reversal Box’ from 2020. He added that the price action is almost the same, as DOGE has again formed three higher lows and is now breaking the resistance before the “hard pump.” In 2020, the meme coin formed these three higher lows before it broke out and rose to its current all-time high (ATH) of $0.73.

Source: X

The analyst’s accompanying chart showed that he once again envisages that the Dogecoin price will rise to at least $0.7 after these higher lows. However, based on his previous predictions, that is unlikely to be the market top for the meme coin in this bull run. Last month, Trader Tardigrade predicted that DOGE could reach $3.7 by 2025.

Self-acclaimed Dogecoin lead analyst on X, Kevin Capital, had also predicted that the Dogecoin price could rise to as high as $3.80. He also recently shared a sentiment similar to Trader Tardigrade’s that a price breakout might be on the horizon. He claimed that the 2-week money flow on DOGE crossed green for only the third time in history. The other two times it happened, the meme coin broke out on its way to a new ATH.