$DOGE
Raoul Pal believes Dogecoin is about to reach an all time high
Global Macro CEO Raoul Pal∞ has opined that the price of Dogecoin (DOGE) could reach a new all-time high against Bitcoin (BTC).
Looking at the graph he shared, it shows a long-term reversal pattern, which shows the potential for a rebound from a long-term decline (upward reversal pattern).
During the period 2014-2021, the price of Dogecoin moved without much excitement, but in 2021, Dogecoin (DOGE) price suddenly surged and reached an all-time high of $0.74.
As for Pal, I see that the situation like in 2021 may happen again.
A long-term descending candle is now forming, which means that Dogecoin is poised for another big breakout. This is likely to happen after years of price stability.
If we can cross the upper boundary of the current descending candle, It will help start a new bullish wave for Dogecoin. If it goes according to his prediction, Dogecoin hits previous high of 0.000017 BTC; It can even go beyond this.
