Crypto analyst Kriss Pax has revealed that the Dogecoin price has completed thefirst part of its bul phase, similar to what happened in the 2021 bull run. Theanalyst further provided insights into what is to come next for Dogecoin.
Dogecoin Price Completes First Bull Phase
In an X post, KrissPax mentioned that the Dogecoin price has completed its firstup-phase this bull cycle, similar to the 2021 and 2017 bull runs. He noted that those previous cycles recorded two additional up-phases with huge percentagegains. Based on this, Dogecoin could record two more up-phases before its pricetops in this market cycle.
The crypto analyst called for patience with the Dogecoin price while it chopssideways a bit, posibly until the next leg of the up-phase begins. Crypto analystAli Martinez also mentioned how Dogecoin would test market participants'patience in this parabolic run. He added that, just like in 2017 and 2020, the TDSequential has shown a sell signal, which could lead to a brief correction beforethe bull rally continues.
Meanwhile, in a previous analysis, KrissPax provided insights into how high theDogecoin price could reach in this market cycle and what levels could mark thelocal tops for remaining up-phases. The crypto analyst predicted that Dogecoincould reach $3 in this bull run. However, he said the first step is for $DOGE to reach
$1
Therefore, the next up-phase could lead the Dogecoin price to $1. Once that isdone, the next up-phase could be a rally to $3, as KrissPax predicted. However,Martinez's chart showed a channel that could lead DOGE to rally to as high as$14 if it gets to the upper boundary of the channel. The median of the channelputs Dogecoin just above $1.5.
Almost Time For The Next Leg Up
Crypto analyst Kevin Capital suggested that it is almost time for the Dogecoinprice to enjoy its next leg up. In an X post, he stated that Dogecoin hasconsolidated long enough and that the meme coin has also reset some keyindicators on the daily time frame. In line with this, he believes Dogecoin will startheading higher.
The crypto analyst added that the next leg will give market participants a goodidea of the macro top for the Dogecoin price down the line. Crypto analyst MasterKenobi suggested that the next leg for Dogecoin will come unexpectedly. In an Xpost, he said that when it happens, it will happen fast.
His accompanying chart showed that the Dogecoin price will break above itscurrent all-time high (ATH) on its next leg up and rally to as high as $1.08.
At the time of writing, the Dogecoin price is trading at around $0.42, up over 5% inthe last 24 hours, according to data from CoinMarketCap.
