Dogecoin May Experience a Surge: Experts Predict a New Wave of Growth is Imminent
The good days for Dogecoin might be coming back, as cryptocurrency experts say that Dogecoin is gathering strength, preparing for the next big surge, and it might even break records. This statement comes after Dogecoin has risen in recent weeks, indicating that a bull market may be returning.
It is said that Dogecoin could earn a lot in the coming weeks.
Everyone seems optimistic about Dogecoin. Seasoned cryptocurrency expert and investor Tardigrade stated that this popular coin is about to experience a big increase. He even shared predictions on X (formerly Twitter), and Dogecoin fans are thrilled.
Experts say that Dogecoin (DOGE) is ready for another breakout, and he examined the charts, pointing out a pattern called hidden bullish divergence, which means Dogecoin is gathering momentum to surge upwards. This pattern typically occurs during a downturn, suggesting that the downward momentum may slow down or reverse.
Tardigrade also looked at Dogecoin's Relative Strength Index (RSI), stating that the trend over the past 4 hours is crucial. He noted that this index indicates that Dogecoin is set to continue rising and can reach even higher levels.
When it comes to the big surge, Tardigrade believes that Dogecoin will spike twice in the short term, and he has a lot of confidence in this coin. He based his projections on past price trends, noting that Dogecoin reached its peak during the previous two bull markets.
For the first big surge, the expert believes it could reach $2. If history repeats itself, the second surge could break the $20 mark. Therefore, the expert says that Dogecoin's bull market has just begun, and it's still early to ride the wave.
Will Dogecoin's peak come sooner than expected?
Cryptocurrency analyst Dima James Potts remarked that Dogecoin's peak seems to be closer than everyone thought. He found that the price trends are quite similar to previous peaks.
In the past two instances, Dogecoin surged from the lowest point of the bear market to the highest point by 21,821% and 54,890%, respectively. The third peak has yet to arrive, but if history repeats itself, James Potts believes Dogecoin will likely peak around January 19, 2025, as this popular coin usually peaks around every 1,446 days.
This wave of correction will refine the true gold, finding a coin with strong support that is rising against the trend, and the next high-multiple target is the one that performs! Like and comment to reveal when it hits 88.
