Dogecoin Price Repeats 2021 Signal, Will 15,000% Rally Follow?

The recent Dogecoin price action is flashing a familiar signal from 2021, sparking speculation about whether history is poised to repeat itself.

Dogecoin price experienced a meteoric 15,000% rise in 2021, captivating the crypto space. Now, as a similar pattern has emerged, speculation is rife about whether history is poised to repeat itself, propelling DOGE price to new heights once again.

The recent price action of Dogecoin has sparked a buzz among traders, leading to the anticipation of a substantial price surge. As traders prepare to ride the next wave higher, an analyst has pointed out a striking similarity in the Dogecoin chart to the patterns observed during the 2021 bull run.

Head of Research at NewsBTC Tony Severino shared his observation on the Dogecoin chart, noting that the two-month Logarithmic Moving Average Convergence Divergence (LMACD) had crossed bullish for the first time since 2021.

Moreover, Severino's analysis highlighted the significance of the golden cross on the weekly chart, as noted by Trader Alan. He observed that the last golden cross in 2023 resulted in Dogecoin price surging from $0.069 to $0.23, marking a 233% increase. If DOGE were to experience a similar price movement again, it could reach $0.47.

From Severino's observation, a quick mean calculation of the two previous price surges gives a potential increase of 8,628% if history were to repeat. This would put Dogecoin price around $10, with a potential market cap of $1.466 trillion.

Additionally, the average of the two periods it took to surge 4,300% and 12,000% comes down to 213 days. This means that from the time the breakout candle began forming, the 8,600% DOGE rally is likely to take 213 days, ending April 2025.

DOGE Price Forecast: Can Dogecoin Reach $10?

Dogecoin price forecast shows the meme coin has found resistance (R2) around $0.18 and is currently on a retrace. At its current price, there is weak resistance, which, if it fails, could allow the price to drop to Resistance 1 at $0.145.

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