Crypto analyst Trader Tardigrade has suggested the possibility of Dogecoin (DOGE) reaching as high as $20 during this bull run. This prediction is based on DOGE’s historical patterns of significant rallies after surpassing previous candle body highs in 2017 and 2021, which resulted in gains of 3,000% and 8,000%, respectively.
Dogecoin’s Potential Path to $20 In a post on X, Trader Tardigrade noted that if DOGE follows a similar trajectory to past cycles, its price could soar to $20.68. He also previously predicted DOGE could reach $8 if it mirrors the 2017 bull run or as high as $30 if it matches the 2021 performance.
The analyst highlighted that DOGE has broken out of a converging triangle and observed a bullish crossover in the Moving Average Convergence Divergence (MACD), signaling the potential start of a new rally.
Other Analysts’ Bullish Signals Crypto analyst Ali Martinez also pointed to bullish indicators for DOGE. He noted that the TD Sequential presented a buy signal on the hourly chart, suggesting the meme coin could be primed for an upward move.
Similarly, Kevin Capital emphasized that DOGE remains bullish in the long term, citing continued expansion on the 50 and 200 moving averages after a weekly golden cross. He mentioned that DOGE is trading above a key support level at $0.26 and facing resistance near the macro 0.786 Fibonacci level. Kevin reassured that DOGE’s bull run remains intact, adding that cycle tops don’t usually occur during widespread bearish sentiment.
Crypto analyst Javon Marks also predicted a potential 5x increase from DOGE’s current price, reinforcing the overall optimistic outlook.
Current Market Performance At the time of writing, Dogecoin is trading around $0.35, down over 3% in the last 24 hours, according to CoinMarketCap data. Despite the short-term decline, analysts remain confident in DOGE’s potential for significant gains in this bull cycle.
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