Dogecoin (DOGE) Prepares for the Next Round of Rebounds, Market Experts Assert the Bull Market May Be on the Horizon

The highly anticipated Dogecoin bull market may be on the horizon, as a cryptocurrency expert asserts that Dogecoin is preparing for the next round of rebounds

Anticipation builds for the next big Dogecoin bull market rally, as a crypto expert asserts that DOGE is gearing up for the next leg up, possibly setting new all-time highs. This comes as Dogecoin has been rallying in recent weeks, showing signs of recovering bull market momentum.

Dogecoin is set for big gains in the coming weeks. As sentiment continues to rise for Dogecoin, veteran crypto trader and analyst Tardigrade is claiming that the meme coin is gearing up for the next big pump. Trader Tardigrade shared his prediction via X (formerly known as Twitter), sparking excitement within the Dogecoin community.

Previously, crypto analysts stated that DOGE is primed for the next leg of the bull market, highlighting key price patterns on the chart, particularly a hidden bullish divergence, suggesting that the dog-themed meme coin is gaining momentum to break out. A hidden bullish divergence usually forms in a downtrend, suggesting that the bearish momentum may be reversing or slowing down.

Trader Tardigrade highlighted key patterns forming in the Dogecoin Relative Strength Index (RSI) on the 4-hour time frame, and this crucial indicator is showing early signs of a sustained uptrend for Dogecoin, allowing the digital asset to print higher highs.

As DOGE gears up for the next big move, trader Tardigrade is looking at two big pumps in the short term, showing his bullishness in the asset for the shorter time frame. His prediction comes as the asset has been rallying to market tops in the past two bull market cycles.

For the first pump, analysts are eyeing the next target at the $2 price level, and if history repeats, a second pump could trigger a rally to the $20 level. Hence, analysts state that the bull market for DOGE has only just begun and highlight that it is still early to capitalize on the rally.

Is the DOGE market top arriving faster than expected?

Crypto analyst Dima James Potts stated that the market top for Dogecoin appears to be coming sooner than many would expect. He came to this conclusion after observing that the price action is resembling the previous cycle tops.

In cycles one and two, DOGE rallied from bear market lows to market tops of 21,821% and 54,890%, respectively. While the third cycle has yet to peak, if past events repeat, James Potts is expecting a peak in DOGE price around Jan. 19, 2025, as the meme coin tends to top out at around 1,446 days.

The market top for DOGE in this cycle may be coming soon, but analysts are expecting a bigger rally this cycle as the percentage gains in each previous cycle have been increasing, eyeing a target price of $36.

As signs of a recovery begin to show in the broader crypto market, Dogecoin may be capitalizing on this new momentum for further gains in the coming days.

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