Dogecoin prices are currently down more than 70% The highest ever, about $0.74. However, crypto analysts predict that this top meme coin is very likely to reach a new ATH. Based on repeated historical patterns and powerful technical signals, the analysis suggests that Dogecoin is preparing for an important breakout It can open the door to a powerful gathering.
Dogecoin Price records new ATHs immediately
According to a fresh analysis by cryptography expert Javon Marks, Dogecoin sets the highest ever high It’s “very expensive” in this cycle. Marks outline A compelling case by comparing Dogecoin’s current market structure with historic price movements from 2014 to the present. This appears to follow a recurring pattern of explosive integration.
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In his chart analysis, shared on X Social Media on July 30, analysts show that Doge has historically moved through phases of compression within a wedge-like formation, followed by the newest, greatest breakouts of all time. Between 2016-2017 Bull Market, The cryptocurrency reached an ATH of $0.01877 after receiving a long compression. A similar pattern will be developed 2021 Bull Rallywhen the price of meme coin surged to a fresh ATH of $0.739 after tightening the integration.
Currently, the chart structure is surprisingly similar to these past setups. Potential breakout points. With this in mind, analysts predict that Meme Coin is on the crisis of a massive price rally of over 226%, setting a stage for a possible breakthrough for $0.739 ATH if momentum continues.
Based on expert chart analysis, the historic fractals show even more possibilities Dogecoin surpasses the 1 dollar mark To reach $1.42 or $2.11. The surge to both targets represents a significant increase from the current trading price around $0.22, exceeding about 545% and 830%, respectively.
Dogecoin pullback was predicted before the next target
Crypto analyst Bitguru revealed on An xPost That dogcoin shows signs of pullbacks and could quickly move to breakouts. Expert analysis shows Doge recovering from the $0.2138 support zone.
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Bitguru pointed it out The decline of Dogecoin was healthyit went back and tested the previous breakout area. This pull-back phase shows signs of fatigue, with Meme Coin currently consolidating its price at around $0.22. In particular, the analyst chart reflects possibilities Double bottom structuresuggests the possibility of formation of bullish inversion patterns.
Based on this setup, Bitguru predicts a potential 28.83% upside for Dogecoin, with price targets ranging from $0.24 to $0.25 in the short term. If bullish momentum continues, the chart’s predicted trajectory refers to extended movements near the $0.28 level.
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