Dogecoin

Based

Kevin

when

<p><a href="https://bitcoinist.com/crypto-analyst-says-dogecoin-could-rally-2500-presents-possible-targets/" rel="nofollow">Crypto analyst Kevin (formerly OG Yomi)</a> has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its <a href="https://bitcoinist.com/bitcoin-shatters-profit-taking-streak-2021-bull-run/" rel="nofollow">2021 bull run</a> when it enjoyed a price gain of 18,000%.</p> 
<h2 id="dogecoin-could-soon-replicate-its-2021-bull-run">Dogecoin Could Soon Replicate Its 2021 Bull Run</h2> 
<p>Kevin suggested in an X (formerly Twitter) <a href="https://x.com/Kev_Capital_TA/status/1815925206562591168" rel="nofollow">post</a> that Dogecoin could soon replicate its <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-pattern-that-led-to-2021/#:~:text=Dogecoin%20made%20an%20incredible%20run,for%20the%20foremost%20meme%20coin.">2021 run</a> when it made a price gain of 18,000%. This came following his statement that DOGE is two to three weeks away from achieving its <a href="https://www.newsbtc.com/news/bitcoin-enters-uncharted-territory-with-first-ever-golden-cross/">first weekly golden cross</a> in four years. The analyst noted that the meme coin went “parabolic” for six straight months and enjoyed a price rally of 18,000% the last time this happened in 2021.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-631745" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-1-3.png?w=460&amp;resize=460%2C272" alt="Dogecoin 1" width="460" height="272" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-1-3.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-1-3.png?w=460&amp;resize=460%2C272 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>Crypto analysts like Javon Marks have also raised the possibility of Dogecoin replicating its 2021 run and even surpassing it at different points in this market cycle. Marks <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-price-21700-rise-to-17/">predicted</a> that the foremost meme coin could enjoy a price rally of over 21,000% in <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">this bull run</a> and rise to $17. This prediction is based on Dogecoin’s historical breakout trend, in which the meme coin has enjoyed more significant price rallies in every subsequent bull run.&nbsp;</p> 
<p>More recently, Marks <a href="https://www.newsbtc.com/news/dogecoin-380-surge-a-matter-of-time-analyst-predicts/">stated</a> that Dogecoin’s rise to $0.6533 is only a matter of time and that the meme coin could enjoy a 90% price rally to $1.25. While the analyst’s price prediction of $17 is undoubtedly ambitious since it will give Dogecoin a market cap of about $2.4 trillion, the price target of $1 looks more feasible, and this is a price level that some other analysts, like Altcoin Sherpa, <a href="https://bitcoinist.com/dogecoin-doge-price-can-reach-1/#:~:text=Crypto%20analyst%20Altcoin%20Sherpa%20recently,drive%20its%20price%20to%20%241." rel="nofollow">have agreed</a> that DOGE can reach.&nbsp;</p> 
<p>In the meantime, investors hope that Dogecoin can successfully achieve the Golden Cross and that history will repeat itself. DOGE is well in need of such a move, considering how the foremost meme coin has underperformed in comparison to other major meme coins like <a href="https://bitcoinist.com/big-moves-for-shiba-inu-pepe/" rel="nofollow">Pepe (PEPE)</a>, Floki (FLOKI), and Dogwifhat (WIF).&nbsp;</p> 
<h2 id="one-last-opportunity-to-buy-doge">One Last Opportunity To Buy DOGE</h2> 
<p><a href="https://bitcoinist.com/bitcoin-price-will-fill-8-4k-futures-gap-says-crypto-analyst/" rel="nofollow">Crypto analyst The Cryptomist</a> recently suggested that investors will have one last opportunity to buy Dogecoin at a discount before it makes its parabolic move. Based on a <a href="https://bitcoinist.com/bitcoin-rising-wedge-pattern-may-bring-trouble-for-bulls-drop-expected/" rel="nofollow">rising wedge pattern</a> highlighted on Dogecoin’s chart, she predicts that the foremost meme coin will still drop to as low as $0.08 and possibly $0.05.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-631747" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-2-3.png?w=460&amp;resize=460%2C314" alt="Dogecoin 2" width="460" height="314" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-2-3.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-2-3.png?w=460&amp;resize=460%2C314 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>However, she is bullish on Dogecoin long-term, stating that the foremost meme coin has a “high chance” of reaching $1 this year. <a href="https://bitcoinist.com/bitcoin-ethereum-outperform/" rel="nofollow">Crypto analyst Crypto Kaleo</a> also recently <a href="https://x.com/CryptoKaleo/status/1816310921356079555" rel="nofollow">predicted</a> that Dogecoin could drop to as low as $0.08 <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-price-1-this-bull-run/#:~:text=Dogecoin%20Could%20Peak%20Above%20%241,escalate%20to%20just%20above%20%240.70.">before it runs to $1</a>.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-631748" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-3-1.png?w=460&amp;resize=460%2C208" alt="Dogecoin 3" width="460" height="208" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-3-1.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/Dogecoin-3-1.png?w=460&amp;resize=460%2C208 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>At the time of writing, Dogecoin is trading at around $0.129, up over 4% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/nJzPy4q0/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1518">

Can Dogecoin Replicate Its 2021 18,000% Run? Here’s What The Chart Says

Table of Contents

NewsBTC

Egyéb ezen a dátumon (2024. júl. 27.) megosztott cikkek

XRP Eyes $20 Mark Amid $84 Million Whale Accumulation and ETF Speculations

Uniswap Team moves 1.189 million UNI tokens worth $9.146 million

BlockDAG X1 Miner App Launch Triggers $61.3M Presale: How Will Bitcoin Price Prediction & LTC Rec...

Ripple Payment Network Catering to 80 Countries, How Does This favor XRP?

30,000X ROI Secrets Unveiled: BlockDAG’s Powerhouse Alliance with UFC’s Alex Pereira Decimates Fi...

Bitcoin will surpass Gold, it’s a Miracle: Trump at Nashville 2024

Join our free newsletter for daily crypto updates!