Dogecoin (DOGE) Poised For Massive Gains In The Upcoming Weeks, Preparing For Its Next Bull Run

Amidst rising optimism in Dogecoin, Trader Tardigrade, a seasoned crypto expert and investor, has declared that the meme coin is gearing up for its next major run.

Dogecoin is preparing for its next major rally, which could potentially take it to a new all-time high, according to a crypto expert.

This prediction comes after DOGE's recent upswing in the last few weeks, suggesting a revival of its bullish momentum.

Trader Tardigrade, a well-known crypto investor, has asserted that the meme coin is gearing up for its next big run.

Trader Tardigrade shared his prognosis on the X (formerly Twitter) platform, which has ignited excitement within the Dogecoin community.

The market expert claims DOGE is set for its next bull run after observing key price patterns on its chart, notably the Hidden Bullish Divergence formation, which shows that the dog-themed meme coin is gathering strength for a potential breakout.

A bullish hidden divergence formation usually occurs within a downtrend, indicating a possible reversal or slowing of the downward momentum.

Trader Tardigrade highlighted the key pattern in the 4-hour time frame of Dogecoin's Relative Strength Index (RSI). According to the analyst, this important indicator offers early signs of a sustained upside trend in Dogecoin, enabling the digital asset to reach higher highs.

As DOGE prepares for its next major rally, Trader Tardigrade anticipates 2 large pumps to occur in the short term, displaying his strong confidence in the asset's near-term prospects. His prognosis is based on historical price trends, whereby DOGE saw multiple rallies to its market top in the last two bull cycles.

For the first pump, the expert has set his next target at the $2 price level. Meanwhile, the second pump is expected to trigger a move to the $20 threshold should history repeat itself. As a result, the analyst feels that DOGE's bull run has only just begun, noting that it is still early to benefit from the upswing.

DOGE's market top appears to be much closer than many anticipated, according to crypto analyst Dima James Potts. He made the claims after observing price trends that are similar to those seen at the tops of prior cycles.

In the first and second cycles, DOGE saw an increase of 21,821% and 54,890%, respectively, from its bear market low to its peaks. Although the third cycle has yet to top, if past events recur, James Potts anticipates DOGE to top around January 19, 2025, since the meme coin has frequently reached its peak in approximately 1446 days.

DOGE's market top for this cycle may be approaching quickly, but the analyst anticipates that this cycle's rally will be larger than the past occasions as the percentage gains in each previous cycle have increased, placing his target at $36.

As the broader cryptocurrency market shows signs of a recovery, Dogecoin may capitalize on the renewed momentum and see further gains in the coming days.