The analyst’s accompanying chart showed that #Dogecoin could first climb to $0.50 if it breaks out of this symmetrical triangle. A rally to $0.55 and the meme coin’s current all-time high (ATH) of $0.74 is also on the cards. Master Kenobi also predicted that #DOGE could eventually climb to the highly anticipated psychological level of $1. The crypto analyst had previously predicted that Dogecoin could reach a new high around Donald Trump’s inauguration. He made this prediction by hinting at a 77-day delay between the meme coin’s local high and its next high. He also referenced Trump’s inauguration and suggested that it would trigger a surge for the leading meme coin. Besides Trump’s pro-crypto stance, the US President-elect’s inauguration is also positive for Dogecoin as Elon Musk’s Department of Government Efficiency (D.O.G.E) will finally come to life. This development offers a bullish outlook for DOGE as the meme currency inspired the name of this government department. Furthermore, Musk is a big supporter of Dogecoin and is expected to indirectly promote the meme currency at different times by mentioning $DOGE at different times.

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