Dogecoin Could Soon Replicate Its 2021 Bull Run, By Kevin (Formerly OG Yomi)

Crypto analyst Kevin (formerly OG Yomi) has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its 2021 bull run when it enjoyed a price gain of 18,000%.

Crypto analyst Kevin (formerly OG Yomi) has made a bullish case for Dogecoin (DOGE). According to his analysis, the foremost meme coin could replicate its 2021 bull run, during which it enjoyed a price gain of 18,000%.

Dogecoin Could Soon Replicate Its 2021 Bull Run

In an X (formerly Twitter) post, Kevin suggested that Dogecoin could soon replicate its 2021 run, which saw it record a price gain of 18,000%. This follows his statement that DOGE is two to three weeks away from achieving its first weekly golden cross in four years. The analyst noted that the last time this happened, in 2021, the meme coin went “parabolic” for six straight months, enjoying a price rally of 18,000%.

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At various points in this market cycle, crypto analysts, such as Javon Marks, have raised the possibility of Dogecoin replicating or even surpassing its 2021 bull run. Marks predicted that the foremost meme coin could enjoy a price rally of over 21,000% in this bull run, reaching a price of $17. This prediction is based on Dogecoin’s historical breakout trend, which has seen the meme coin enjoy greater price rallies in each subsequent bull run.

More recently, Marks stated that Dogecoin’s rise to $0.6533 is only a matter of time, and the meme coin could enjoy a 90% price rally to $1.25. While the analyst’s price prediction of $17 is certainly ambitious, giving Dogecoin a market capitalization of around $2.4 trillion, a price target of $1 seems more feasible, and it is a price level that some other analysts, like Altcoin Sherpa, have suggested that DOGE could reach.

Meanwhile, investors will be hoping that Dogecoin can successfully achieve the Golden Cross and that history will repeat itself. Especially considering how DOGE has largely underperformed other major meme coins like Pepe (PEPE), Floki (FLOKI), and Dogwifhat (WIF) in terms of price action.

One Last Opportunity To Buy DOGE

Crypto analyst The Cryptomist recently suggested that there will be one last opportunity for investors to buy Dogecoin at a discount before it makes its parabolic move. Based on a rising wedge pattern 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.

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However, she is bullish on Dogecoin in the long term, stating that the foremost meme coin has a “high chance” of reaching $1 this year. Crypto analyst Crypto Kaleo also recently predicted that Dogecoin could drop to as low as $0.08 before it runs to $1.

At the time of writing, Dogecoin is trading at around $0.129, up over 4% in the last 24 hours, according to data from CoinMarketCap.

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