👉Will Dogecoin soar into space? DOGE ready for a parabolic rise to $10 after the emergence of a major catalyst👈

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DOGE is on track for a new all-time high as a prominent analyst has identified a catalyst for a historic increase of 6,900% to $10.

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Parabolic rise to $10

Potts, after the resumption of the bull market, predicts a parabolic rise in the price of Dogecoin. He shared a chart that perfectly explains the fundamentals of his bold forecast regarding $10.

The chart indicates that the crossing of the green and red lines has historically signaled the beginning of a new bull cycle. It is worth noting that this indicator accurately marked the start of the last three cycles.

Furthermore, during each cycle, the price of DOGE retreated towards the yellow line after a significant rise. Meanwhile, the trend line historically buffered further declines, acting as a key support area.

In comparison, in 2017, DOGE regained balance after a sharp price correction, bouncing back significantly by over 3,000% from the yellow line. This famous meme coin exhibited a similar price action, rising over 12,000% to an all-time high of 0.73$ after breaking out from the same support area.

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Dogecoin is gearing up for a breakout

Interestingly, Coinvo also predicted a possible breakout for Dogecoin. In a recent analysis, this experienced investor pointed out the upcoming breakout from a descending wedge formation that has been forming since the value of this meme coin rose to $0.4350 in January.