😱🚨Dogecoin Eyes a Monumental 2,300% Surge to $5 – Analyst Unveils Bullish Setup💥🚨

$DOGE

Despite the broader cryptocurrency market facing a downturn, a well-known crypto analyst is forecasting an explosive rally for Dogecoin (DOGE). According to the analyst, recent price action has formed a cup-and-handle pattern on the DOGE chart—an extremely bullish technical indicator. If this setup plays out as expected, Dogecoin could be on the verge of a massive breakout, potentially pushing its price to $5 in the near future.

Dogecoin’s Path to $5 – Cup & Handle Breakout in Play

In a recent analysis shared on X (formerly Twitter), crypto strategist CryptoELITES highlighted that Dogecoin is gearing up for a significant move. The cup-and-handle formation—a well-known bullish pattern—suggests a period of decline, followed by a rounded recovery (forming the "cup") and a consolidation phase (the "handle"). Typically, when the price successfully breaks above the handle, it triggers a powerful upward rally. Based on this setup, analysts project DOGE could surge by over 2,300%, making the $5 target a strong possibility.

DOGE’s Potential for a Super Rally – Analyst Predicts $10

Meanwhile, another analyst, Trader Tardigrade, suggests that even $5 might be a conservative estimate. In his latest market outlook, he predicts Dogecoin could skyrocket to $10—a 4,635% gain—if historical price cycles repeat. His analysis shows that DOGE has previously experienced major corrections before entering explosive bull runs, as seen in 2017 and 2021, where the meme coin rallied 8,900% and 30,500%, respectively. With DOGE having already completed a 50% retracement from its January highs, Tardigrade believes the next leg up could be historic. If these patterns hold true, Dogecoin could be preparing for its most significant price surge yet.

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