The much-anticipated major rally for Dogecoin, potentially toward its present all-time high continues to face significant setbacks due to unfavorable market conditions. Given recent price developments, a crypto expert forecasts that the meme coin could see a back-to-back bull run soon.

Dual Bull Runs In Sight For Dogecoin

As Dogecoin gradually recovers from the recent market dip, Trader Tardigrade, a crypto expert and investor has outlined a promising outlook for DOGE in the short term. According to the expert, DOGE’s price performance hints at multiple bullish scenarios that could push the meme coin toward uncharted territory.

Trader Tardigrade claims that DOGE looks to be gearing up for two consecutive rallies, bolstered by a promising chart formation that indicates robust upside momentum. Navigating the meme coin’s price action on the weekly time frame, he points to an alignment with the Gaussian Channel pattern.

Specifically, a Gaussian channel formation is a technical pattern that aids in spotting market trends and trading opportunities. With the formation indicating breakout possibilities, the analyst predicts notable price increases for Dogecoin as it draws closer to key resistance levels. Historically, this indicator has preceded significant upward movements, resulting in two bullish runs as seen in the expert’s chart.

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Author: Godspower Owie

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