A crypto analyst identified as ‘Zero’ on X (formerly Twitter) has expressed excitement about an incoming price pump for Dogecoin.
Cryptocurrency analytic platform X (formerly Twitter) has seen a crypto analyst, known as ‘Zero,’ express excitement about an incoming price pump for Dogecoin. According to the analyst, the DOGE price appears poised for a major rally, thanks to favorable market conditions and key technical indicators.
Sharing a historical chart illustrating the DOGE price movements from as far back as 2014, Zero pinpointed periods when the Dogecoin price experienced massive rallies, specifically during the bull run that followed each Bitcoin halving event.
From 2017 to 2018, the analyst disclosed that the Dogecoin price skyrocketed by 9,226.49%. After enduring a bear market and a prolonged period of price fluctuations, the meme coin witnessed another massive surge between 2020 and 2021. At the time, Dogecoin recorded a whopping 30,693.75% price increase, leading to its current all-time high of $0.74.
Based on these bullish trends, Zero has predicted that the Dogecoin price could see its next rally between 2024 and 20205. He forecasted that the popular meme coin could experience a massive 5,202.19% price increase towards the $5 mark. This huge飙升 in value would effectively push Dogecoin above its previous all-time high in 2021. Moreso, assuming the cryptocurrency can hit $5, this would indicate a 50X increase from its current price of $0.139.
Moving forward, Zero has stated that this projected price increase has been a long-awaited moment for DOGE holders, suggesting that there has been a build-up of anticipation for a bull run over the past three years. In addition to a Dogecoin price increase, the analyst also expects Bitcoin (BTC) to surge to new highs.
Many analysts in the crypto market seem to be optimistic about Dogecoin’s price outlook. Notably, a crypto analyst on X, known as ‘CEO,’ has informed his 471,600 followers that the Dogecoin price might be gearing up for another all-time high soon.
The analyst revealed that the meme coin’s price action is repeating a 2020 reversal box pattern, indicating a potential for a price breakout. Furthermore, Dogecoin is forming three higher lows and already breaking resistance, suggesting that a big pump might be on the way. Sharing a price chart highlighting Dogecoin’s bullish technical indicators, the analyst projects that the cryptocurrency could see a continuous surge above $0.4 soon.
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