$36 DOGE ATH cycle top Dogecoin price for this bull cycle’s altseason gains momentum.
Analyst breaks down how this $36 ATH for DOGE is very possible.
Expectations for DOGE pump targets have gone from $1, $5, $10, $20, to $36.
As expectations grow more bullish for a mighty altseason peak phase since BTC’s latest ATH at $123,000 and ETH reclaiming the $3,000 price range, some altcoins are shining even brighter. With BTC and ETH prices expected to pump further, the price of altcoins are set to hit higher highs too. One analyst says that a $36 DOGE ATH cycle top Dogecoin price for this cycle’s altseason phase is very much a possibility.
$36 DOGE ATH Cycle Top Dogecoin Price Possible
This bull cycle, for the first-time ever, experienced a delayed arrival of the altseason peak phase. The price of altcoins were expected to flourish in a glorious altseason phase arrival in Q1. Instead, the crypto market experienced a prolonged correction phase, caused by Bitcoin’s early pump this bull cycle when the price of BTC, for the first-time ever, set a new ATH before the Bitcoin Halving event.
Traditionally, altseason in a bull cycle always arrives in Q1 following a Bitcoin Halving year. This year, the pattern was broken. Now, after a healthy correction, Q2 allowed altcoins to finally begin to pump after months of inaction. In Q3, where the crypto market is riding through at the moment, expectations for altcoin prices to finally kick off have been growing stronger, especially with BTC at a new ATH and ETH inching closer to its previous ATH.
Several analysts had made it clear that the bull cycle would not be complete without an altseason and that an altseason cannot begin unless the price of ETH begins to pump. With ETH showing steady signs of pumps, altcoins across the market are showing bullish indicators on their respective price charts, signaling a glorious altseason ahead. One such altcoins showing incredible promise is the pioneer memecoin Dogecoin (DOGE).
Analyst Breakdown How $36 DOGE Price is a Possibility
https://twitter.com/DimaPotts36/status/1945188122750259293
As the post above explains, Bitcoin’s recent break above $109,455 on the weekly chart last Sunday, led to a much higher ATH target. Meanwhile, Dogecoin is currently sitting near key support, signaling that the market has officially entered DOGE season. In this monthly chart of Dogecoin, the analyst applies the Fibonacci tool to highlight where each of DOGE's previous cycle tops have historically occurred.
The first 1st cycle topped exactly at the 423.6% Fibonacci level while the 2nd cycle also peaked precisely at the 423.6% Fibonacci level. Now in the 3rd cycle, based on the historical timing of past cycles, the top has not yet been reached. If the pattern continues, the projected top could occur around the final week of October. Should history repeat itself, Dogecoin could once again reach the 423.6% Fib level, which would place the potential top for DOGE price around the $36 mark.
