Rally

Parabolic

Dogecoin

<p class="p2"><a href="https://www.newsbtc.com/news/dogecoin/dogecoin-rally-to-0-2/" rel="noopener noreferrer nofollow">Dogecoin has been in the spotlight lately </a>after a notable uptick in the usage of its network over the last month. However, <a href="https://www.newsbtc.com/dogecoin-2/dogecoin-whale-transaction-stats-spell-trouble-despite-ongoing-crypto-rally/" rel="noopener noreferrer nofollow">this adoption has not translated to any notable increase</a> in the asset’s price, prompting speculations of a delayed breakout for the meme coin.</p>
<h2 class="p2" id="crypto-analyst-says-dogecoin-could-breakout-soon">Crypto Analyst Says Dogecoin Could Breakout Soon</h2>
<p class="p2">Even as Dogecoin continues to put on a lackluster performance, it has not shaken the bullishness of investors. One of the analysts who believe that <a href="https://www.newsbtc.com/analysis/doge/dogecoin-price-prediction-doge-to-0-10/" rel="noopener noreferrer nofollow">the DOGE price</a> is destined for great things is crypto analyst Ali Martinez, popularly known as Ali_Charts on X (formerly Twitter).</p>
<p class="p2">According to an analysis <a href="https://x.com/ali_charts/status/1762004965349113863?s=20" rel="noopener noreferrer nofollow">shared</a> by Ali on X, the meme coin may be looking to stage a repeat of the parabolic breakouts seen over the years. The crypto analyst points out that Dogecoin is mirroring past performance, and the patterns are beginning to line up to the months leading to the previous breakouts.</p>
<p class="p2">The first instance of this breakout happened between 2017 and 2018 when there was an enormous rally after 97 bars and 679 days, as outlined by the analyst. During this time, the price of DOGE would rise by more than 8,000% before the rally was over.</p>
<p class="p2">The next time a similar rally would occur was between 2020 and 2021. In the same vein, there were 97 bars and 679 days between the previous rally and the next one. This time around, DOGE would go on to stage an even larger rally, rising more than 23,000% to reach its current all-time high of $0.7.</p>
<p class="p2">Now, the analyst points out that Dogecoin has almost reached the infamous 97 bars and 679 days once more, which could end in a massive rally. If this holds, then the DOGE price could break out in April when this pattern would complete, and the DOGE price could rise over the $3.5 level as a result.</p>
<h2 class="p2" id="doge-price-could-rally-as-high-as-10">DOGE Price Could Rally As High As $10</h2>
<p class="p2">This is not the first that the crypto analyst is pointing out the possibility of a Dogecoin parabolic rally. In an <a href="https://bitcoinist.com/dogecoin-patterns-28000-rally/" rel="noopener noreferrer nofollow">analysis that was posted last week</a>, the analyst also pointed out that the <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-poised-for-bullish-breakout-30-rally-predicted/" rel="noopener noreferrer nofollow">DOGE</a> price was following patterns similar to what was seen back in 2020 before the infamous rally.</p>
<p class="p2">He points out a descending triangle that forms over two years, appearing once more. This same descending triangle was also seen before the <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-rally-to-0-2/" rel="noopener noreferrer nofollow">DOGE price</a> had risen from less than $0.003 to over $0.7 in a matter of months.</p>
<p class="p2">In this analysis, Ali points out that if Dogecoin were to go on a similar rally, then the price of the meme coin could rise as high as $10. “Having broken out of a descending triangle, it’s now in a consolidation phase, potentially setting the stage for another significant bull run,” the crypto analyst said.</p>

Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here’s When

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