The price of Dogecoin will be as follows: prepare for an explosive move Technical analysts suggest that the popular meme coin could soon enter a new parabolic cycle. on the other hand, Broader crypto market declineAnalysts believe Dogecoin’s historical patterns and price structure are setting the stage for a 2,000% rally that could send it as high as $4 by next year.
Related books
Dogecoin price reflects explosive rise before 2017
Crypto analyst Javon Marks said: shown Dogecoin’s price trend closely reflects its previous bullish setup Historic price hike in 2017. If this pattern continues, he predicts, cryptocurrencies could be poised for the next cyclical rally to new all-time highs and beyond.
Marks points out that Dogecoin’s long-term structure forms the basis of a giant cup, which has historically paved the way for massive bull markets. His analysis predicts a short-term increase of at least 251%, and a long-term surge of 2,000% if historical patterns play out.
The chart attached by the analyst shows a repeating accumulation pattern where Dogecoin stabilizes for years before surging. The 2014-2017 price history is reflected in the 2022-2025 formation, and the meme coin appears to be opening up. round bottom and the integration triangle. As price movements complete this structure, Marks predicts: happen It is technically possible to head towards $4.
In particular, Dogecoin’s current price resilience between $0.18 and $0.3 could serve as a launching pad for the next parabolic phase, especially if overall market sentiment turns bullish in 2026. CoinMarketCap data at the time of writing shows the meme coin price has risen 5.53% in the past 24 hours, marking a slight recovery from a monthly decline of more than 33%.
Analysts share different outlooks on Dogecoin
Separate analysis by market experts shows slightly different results. Dogecoin outlookSome experts predict a gradual price rise, while others predict a potential collapse. Crypto analyst Ali Martinez view Dogecoin’s current structure is part of a stable uptrend price channel. He emphasized that DOGE continues to trade within the ascending range established since early 2023. This framework allows meme coins to Technically still bullish Despite the short-term fix.
In his analysis, Martinez identified moderate but significant upside checkpoints at $0.29, $0.45, and $0.86 based on Fibonacci retracement and extension levels. His chart shows how Dogecoin repeatedly bounced around the lower bound of the channel, primarily around $0.18. strong buyer interest In that zone. Notably, analysts expect a rebound from this sector could pave the way for a gradual move towards $1 in the coming months.
Market Expert Bitguru add The area between $0.18 and $0.19 is The level that makes the difference between winning and losing for bulls. A decisive drop below that could result in a deeper retracement of Dogecoin price towards $0.095. The analyst advises traders to remain cautious on DOGE. in the modification stage.
Related books
Featured image from Unsplash, chart from TradingView
