Dogecoin has slowed down after a significant parabolic run witnessed in the past few weeks, sparking speculations about its short-term performance. However, considering several positive developments around its price, crypto analysts predict another notable upswing may be in the works, possibly pushing the meme coin to a new all-time high.

A New All-Time High On The Way For Dogecoin?

Dogecoin’s potential to hit a new peak in the ongoing bull market cycle has gained strong optimism and confidence within the crypto community as many forecasts about the much-awaited rally emerge rapidly. One of the most recent predictions comes from Trader Tardigrade, a market expert and investor who has hinted at an impending 200% spike for DOGE in the coming weeks.

Pointing to strong technical indicators such as the Relative Strength Index (RSI), Trader Tardigrade foresees a significant uptrend for Dogecoin, leading to a new all-time high. His prediction underscores changing market dynamics, with retail and institutional players modifying their positions in anticipation of future price growth.

According to the market expert, this key indicator that tracks the momentum of a crypto asset has been rising from the Oversold Zone on the 4-hour chart of DOGE. This upside movement suggests bullish momentum as the dog-themed meme coin aims at reclaiming multiple crucial price levels.

It is important to note that Dogecoin witnessed a 40% and 200% surge followin

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Author: Godspower Owie