Dual Bull Runs In Sight For Dogecoin

The much-anticipated major rally for Dogecoin, potentially toward its present all-time high continues to face significant setbacks due to unfavorable market conditions.

Crypto expert Trader Tardigrade has analyzed Dogecoin's recent price performance and identified multiple bullish scenarios that could push the meme coin toward new all-time highs.

According to the expert, DOGE is gearing up for two consecutive rallies, supported by a promising chart formation that indicates robust upside momentum.

Trader Tardigrade observed an alignment with the Gaussian Channel pattern on DOGE's weekly time frame. This technical pattern aids in spotting market trends and trading opportunities, with the formation indicating breakout possibilities.

The analyst anticipates notable price increases for Dogecoin as it approaches key resistance levels. Past scenarios have shown two bullish runs, as indicated in the expert's chart.

The chart demonstrates that DOGE initially left the channel when it was red and then retested the mid-channel line, gathering sufficient strength for an uptrend.

If past scenarios repeat, Trader Tardigrade predicts two consecutive major rallies for Dogecoin, ultimately leading to a new all-time high.

DOGE is currently experiencing the first bull run, suggesting more growth is still to come as the second draws closer.

At the end of the second bull run, marking the upper line of the pattern, the meme coin will be valued at $3.

This anticipated move to $3 may also represent a market top for Dogecoin in the ongoing cycle.

Renewed optimism and growing confidence in DOGE among investors could spur upside strength in the coming days, which may kickstart the much-anticipated move.