$10 Dogecoin ATH Price Possible? $16,000 DOGE Surge Inching Closer
Bitcoin (BTC) remains stable above the $67,000 mark, entering a critical phase where the upcoming weekly close could determine if it can break through the 7-month resistance level.
With optimism growing for Bitcoin’s fourth quarter and higher expectations for the first quarter, the altcoin season is about to arrive. BTC’s all-time high price is expected to be between $250,000 and $550,000 during this cycle, and if altcoins follow suit, expect a massive surge.
Tokens like SUI and FET have been steadily rising, while assets like XRP, VET, SHIB, and ADA are signaling a potential bullish move. Currently, Dogecoin (DOGE) is also gaining attention with its own bullish indicators.
The analyst believes that the price of DOGE is here to surge again and is ready to continue its massive rise to the breakout target of $0.22. He also went on to note that $0.60 remains a larger target, currently over +360% away. These targets can be understood as short-term targets in the context of the larger bull cycle.
Meanwhile, $10 is the most predicted target by analysts in the global crypto community for the long-term target for the upcoming bull phase of the ongoing crypto bull cycle. As we can see from the post above, the analyst stated that the DOGE daily chart compares the parabolic breakout move of the previous cycle to the current cycle.
He noted that similar price action is emerging and stated that the next target is the purple line at $0.18. Once the weekly candle closes above this line, a large rally is expected, followed by a sharp pullback, just like in previous cycles, which will eventually reverse and push prices higher. He concluded that in the previous cycle, Dogecoin surged over 16,000% after closing above the purple line, and a similar move is expected in this cycle.
