Bitcoin maintains a price range of around $90,000, while analysts are waiting for a strong surge in its prices, a rise that will elevate it to six figures, approaching the recovery of its previous all-time high of $109,000. Bitcoin is expected to soon reach its significantly higher benchmark targets, which will also push altcoins to rise. Analysts see a rise in Dogecoin as imminent, expecting a new surge in Dogecoin soon.
Dogecoin pump is approaching.
Promising altcoins, such as Dogecoin, Cardano, and XRP, are treated as alternative legacy assets. The altcoins that emerged since the beginning of the Web 3 revolution are assets that have existed since the Bitcoin price surge, pumped in parallel with Ethereum (ETH). While it is said that Ethereum leads the momentum of altcoins, altcoins themselves tend to be more optimistic than Ethereum's pump.
The same is expected for this bullish cycle. Despite the late altcoin season, altcoins continue to show bullish signals and indicators on their price charts. In fact, some strong and effective altcoins have shown bullish signals since 2023, long before the Bitcoin halving event in 2024. The altcoin bullish season usually occurs in the first quarter following the year of the Bitcoin halving.
However, it seems that this pattern has broken in this bullish cycle due to a long and necessary correction phase for cryptocurrencies. This change is attributed to the rapid and strong pumping of Bitcoin during this cycle, leading to a necessary correction phase. Now, after the end of this corrective cycle, both Bitcoin and altcoins are expected to pump significantly. However, the late altcoin season also nullifies the four-year bullish cycle pattern, pushing analysts to rely heavily on price chart signals.
The price of DOGE is witnessing a third breakout from the descending wedge.
One of the altcoins showing strong bullish signals is the leading meme coin Dogecoin (DOGE). As evident from the post above, this analyst notes the emergence of a bullish pattern on the DOGE price chart. As illustrated in the image in the post, the price of DOGE has experienced a third breakout from the descending wedge on the DOGE/BTC chart.
The analyst concludes that every previous breakout like this has always led to a significant increase in the price of DOGE, and he expects this rise to continue soon. In fact, expectations are very high for the price of DOGE during this bullish cycle, to the extent that analysts expect the price of DOGE to reach its all-time highs, which could reach one dollar or even ten dollars.
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