Date: November 22, 2024, 09:50 AM GMT Since Donald Trump won the U.S. election on November 5, 2024, the cryptocurrency market has been in a bullish trend. Bitcoin (BTC) has achieved impressive gains, recently reaching a new all-time high of $99,502. In addition to Bitcoin, other cryptocurrencies have also experienced significant growth. Dogecoin (DOGE) is one of the standout performers, surging 184% in the past 30 days. Source: @TATrader_Alan (X) Recent charts show that Dogecoin's trajectory closely mirrors the previous 'MOON phase' cycle, where a consolidation period is followed by substantial upward movement. Given that this pattern has successfully predicted previous rallies, there is speculation that Dogecoin may be on the verge of another breakout. Can DOGE reach $7? As of now, Dogecoin (DOGE) has a market cap of approximately $57 billion, with a current price of $0.39. The last time DOGE hit an all-time high of $0.73, its market cap was around $98 billion. To reach the $7 target, the market cap would need to increase significantly—about 12 times the current market cap. This would imply a market cap close to $700 billion, which is a significant challenge in the current market. While the 'moon phase' pattern is indeed intriguing and may indicate strong upward momentum, reaching the $7 target requires a combination of strong demand, bullish sentiment, and a substantial increase in Dogecoin's market cap. Considering these factors, although the idea of Dogecoin reaching $7 is fascinating, it seems quite difficult without significant market changes. Achieving a market cap target of $700 billion is a major hurdle that is essential for such a scenario to materialize. For more updates

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