Dogecoin (DOGE) Price Can Rally To A New All-Time High (ATH)

Crypto expert Master Kenobi has actually introduced an in-depth evaluation of exactly how the Dogecoin price can rally to a new all-time high (ATH).

Crypto expert Master Kenobi has provided an interesting analysis of how the Dogecoin price could be heating up for a rally to a new all-time high (ATH). In his analysis, he mentioned a similarity in the crash that occurred during the 2017 bull run, which suggests that the leading meme coin is preparing to reach new highs.

Crypto expert Master Kenobi has provided an interesting analysis of how the Dogecoin price could be heating up for a rally to a new all-time high (ATH). In his analysis, he mentioned a similarity in the crash that occurred during the 2017 bull run, which suggests that the leading meme coin is preparing to reach new highs.

Why The Dogecoin Price Is Bound To Get To A New ATH

In an X post, Master Kenobi asserted that Dogecoin cannot remain below its all-time high of $0.73. To illustrate his point, he recounted the 2017 bull run where DOGE experienced an 84% decline following the first stage of its bull run. This price crash spanned 112 days. The expert noted that this price crash was followed by a “similarly lengthy pump stage of 112 days.”

On the other hand, in this market cycle, Master Kenobi observed that Dogecoin has only decreased by 625 after its pump stage, with this price crash lasting 98 days. While he doubts whether DOGE has reached a new all-time low, the expert mentioned that signals from other graphes suggest that the leading meme coin might have already done so.

On the other hand, in this market cycle, Master Kenobi observed that Dogecoin has only decreased by 625 after its pump stage, with this price crash lasting 98 days. While he doubts whether DOGE has reached a new all-time low, the expert mentioned that signals from other graphes suggest that the leading meme coin might have already done so.

If that holds true, market participants can anticipate a recovery period of around 98 days, similar to the number of days it took for DOGE’s price to crash after the first bull stage in this market cycle. Master Kenobi stated that a recovery of 98 days can bring DOGE to this cycle’s ATH sometime in early June, between the second and fifth.

If that holds true, market participants can anticipate a recovery period of around 98 days, similar to the number of days it took for DOGE’s price to crash after the first bull stage in this market cycle. Master Kenobi stated that a recovery of 98 days can bring DOGE to this cycle’s ATH sometime in early June, between the second and fifth.

The expert’s attached graph showed that Dogecoin can rally to as high as $11 if it strikes the upper limit of the rising wedge, which he highlighted. Crypto expert DOGECAPITAL also recently stated that DOGE can rally to triple digits in this market cycle.

The expert’s attached graph showed that Dogecoin can rally to as high as $11 if it strikes the upper limit of the rising wedge, which he highlighted. Crypto expert DOGECAPITAL also recently stated that DOGE can rally to triple digits in this market cycle.

An Inverted Head And Shoulders Pattern In Play

Crypto expert Investor Tardigrade also offered a positive outlook for the Dogecoin price, mentioning that an inverted Head and Shoulders pattern was in play for the leading meme coin. The expert’s attached graph showed that DOGE can be set for a rebound as it rallies to around $0.24 and targets the $0.30 psychological support level.

Crypto expert Investor Tardigrade also offered a positive outlook for the Dogecoin price, mentioning that an inverted Head and Shoulders pattern was in play for the leading meme coin. The expert’s attached graph showed that DOGE can be set for a rebound as it rallies to around $0.24 and targets the $0.30 psychological support level.

In another X post, Investor Tardigrade showed that the Dogecoin price was due for a rebound. He noted that DOGE typically tests its previous local highs after each major price movement. The expert also revealed that DOGE is at the last local high today.

He added that the meme coin should spend a long time in this range before continuing its uptrend. The following uptrend for Dogecoin is expected to be much more mythical, as the attached graph shows that DOGE can rally to a new ATH on the next upper hand.

He added that the meme coin should spend a long time in this range before continuing its uptrend. The following uptrend for Dogecoin is expected to be much more mythical, as the attached graph shows that DOGE can rally to a new ATH on the next upper hand.

At the time of writing, the Dogecoin price is trading at around $0.22, up over 6% in the last 1 day, according to data from CoinMarketCap.