#Dogecoin Could Skyrocket to $20 With Bullish Fractals
Dogecoin ($DOGE ) has been consolidating above $0.30 after dropping to $0.267 on December 20. A notable crypto analyst predicts that $DOGE could rally to $23, driven by historical fractals indicating a potential breakout.
Key Insights:
Historical Patterns:
$DOGE has shown a weekly descending triangle pattern since 2014. Previous breakouts in 2017 and 2021 led to price explosions, hitting all-time highs of $0.01877 and $0.7, respectively.
Upcoming Breakout:
According to Ali Martinez, DOGE has recently exited its fractal, suggesting a 7,500% increase may push it to $23 in the coming months.
Market Activity:
DOGE gained 2.5% in the last 24 hours, trading around $0.32. Its market cap stands at $47.4 billion, maintaining its status as the largest meme coin and the seventh-largest cryptocurrency.
Outlook:
If Dogecoin follows its historical trends, the next bull cycle could see an extraordinary surge. However, sustained momentum and market conditions will play a crucial role.