2024

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As the crypto market navigates uncertain headwinds, <a href="https://bitcoinist.com/dogecoin-whales-fill-up-their-bags-as-price-rallies/">Dogecoin has emerged as a beacon</a> in the night with its outperformance over the last week. Even at a time when coins continue to struggle, the DOGE price is still seeing reasonable upside, and if crypto analysts are anything to go by, the dog-themed meme coin still has a long way to go before it’s done. 
<h2 class="p2" id="dogecoin-price-could-climb-to-12">Dogecoin Price Could Climb To $12</h2> 
Crypto Analyst Ali Martinez has been bullish on the Dogecoin price for a while, and with good reason. The <a href="https://bitcoinist.com/dogecoin-whales-fill-up-their-bags-as-price-rallies/">DOGE</a> price has already grown around 100% in the last month. Then, after a brief dip, its price recovered once more to reach a new three-year high. 
Following this, Martinez has come forward with an analysis that shows that Dogecoin is indeed just starting. The chart which was shared on X (formerly Twitter) shows multiple price targets for the meme coin ver the next year. In the chart, a number of price targets have already been hit but there’s more to go. 
<blockquote class="twitter-tweet"> 
 I feel my fellow degens have been distracted with the new shiny <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#memecoins</a>, but <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Dogecoin</a> remains the most important <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#altcoin</a> in this sector. 
 From a technical perspective, <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#DOGE</a> seems to mirror the 2018-2021 pattern. If so, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$DOGE</a> could be at the very beginning of a massive… <a href="https://t.co/WGREwsxPcb" rel="nofollow" target="_blank">pic.twitter.com/WGREwsxPcb</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1774509832629854365?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">March 31, 2024</a>
</blockquote> 
The crypto analyst pointed out that the <a href="https://bitcoinist.com/dogecoin-developer-utility-doge/">Dogecoin price is sticking closely to the trend</a> that was seen between 2018 and 2021, which is incredibly bullish for the coin. This is because, after the <a href="https://bitcoinist.com/dogecoin-doge-payments-x/">DOGE price</a> finished consolidating in 2021, it would go on a massive rally, rising from $0.002 to a new all-time high price of $0.7. 
This time around, the DOGE price has been consolidating for three years as well between 2022 and 2024, and the breakout looks to have begun. As a result, Dogecoin could go on a more than 5,000% run to reach new all-time highs. 
<h2 class="p2" id="roadmap-to-12">Roadmap To $12</h2> 
The analysis shared by Ali Martinez shows the top of the target to be $12 for Dogecoin. Now, if <a href="https://bitcoinist.com/dogecoin-shiba-inu-ethereum/">DOGE</a> were to reach this level, it would mean that the price will rise 5,400% from its current value of $0.22 at the time of this writing. 
However, before then, there are a number of important levels for the meme coin to clear before it reaches $12. From its <a href="https://bitcoinist.com/dogecoin-10-drop-66-million/">current price level</a>, the next point is $0.26 before moving upwards to $0.41. Following this, the chart shows $0.73 and then $1.5. Moving upwards, there’s $2.2, $3.9, $6.22, and then $12 at the very top. 
As the analyst explains, despite the emergence of new meme coin competitors, <a href="https://bitcoinist.com/dogecoin-price-surged-weekend/">Dogecoin retains its position and the leading meme coin</a>, which lends credence to this analysis. “From a technical perspective, #<a href="https://bitcoinist.com/dogecoin-shiba-inu-ethereum/">DOGE</a> seems to mirror the 2018-2021 pattern. If so, $DOGE could be at the very beginning of a massive parabolic bull run!” Martinez said. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/5YLtUGXI/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1530">

Dogecoin Mirrors 2021 Trends, Why A Surge To $12 Is Possible

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