Over the past few days, Dogecoin has faced significant volatility, causing the dog-themed meme coin to fluctuate within the $0.411 and $0.38 price ranges. However, with positive signals and past performances unfolding, analysts expect a major upward movement toward its current all-time high and beyond.
A Major Rally For Dogecoin To Higher Levels
Dogecoin’s price action shows that the meme coin could be gearing up for a notable surge in the upcoming weeks, as predicted by Trader Tardigrade, a market expert and investor. This prediction has sparked renewed hope among investors about DOGE’s potential to achieve a new peak in the ongoing market cycle.
Trader Tardigrade’s bold forecast hinges on the Stochastic indicator, a key technical signal that determines whether the market has entered an overbought or oversold territory. According to the market expert, DOGE’s stochastic indicator on the 1-day chart has been consolidating in the oversold area, suggesting growing bullish momentum.
As a result, Trader Tardigrade believes that a breakout from the critical pointer could be on the horizon. In the event that Dogecoin undergoes a breakout, the expert anticipates a huge upward movement, potentially to a new all-time high by 2025.
As Dogecoin breaks past key resistance levels, this move could attract renewed buying interest from investors, triggering prices to higher levels. While DOGE has experienced notable downward pressure, its position in the oversold zone indicates fading bearish strength.
Furthermore, the analyst has cited rising bullish momentum in the broader outlook, particularly the 3-day time frame. After examining DOGE’s 3-day price action, he revealed that its 200 Exponential Moving Average (EMA) is ascending sharply.
Trader Tardigrade claims that this robust upside trend marks the beginning of the meme coin‘s bull run, projecting a rally to the $6 level. Thus far, DOGE’s traders and investors are looking for a bounce that might lead to a strong recovery from its current volatile phase.
Past Trends Signals A +75% Price Growth For DOGE
Dogecoin’s recent waning price movements have not hindered investors’ optimism towards its upside capability. Javon Marks, a crypto analyst, has also forecasted a major rally for DOGE, pointing to a more than 75% price surge in the short term.
The analyst cited an almost identical trend between the ongoing cycle and the last two cycles. While these cycles produced significant price growth, Javon Marks is confident that this cycle could trigger a bigger increase in DOGE’s value.
Considering historical trends, Marks expects a 75% surge or more in the upcoming days. This price spike will eventually push DOGE to its all-time high of $0.73905 before rising further to other higher levels like the $3 mark. Meanwhile, the analyst foresees a $7.20+ to $15+ target for DOGE in the long run.
