Statistics promises Dogecoin memcoin ($DOGE ) to rise by 6150%

Tardigrade analyst is confident that the value of the popular Dogecoin meme coin will rise to $7.5, as the asset has already formed a triangular consolidation. According to him, the consolidation is the last factor indicating that $DOGE will make a sharp upward jump.

According to Tardigrade, triangular consolidations are formed in every market cycle and are formed before the asset enters the parabolic rally stage.

Recall that the analyst has been outlining optimistic forecasts for the popular coin for the past few days. For example, in one of his past comments, the expert noted a bucket pattern, which also indicates that the coin will soon show a rally in the market.

Crypto expert Javon Marks said that $DOGE could rise to $17 in one candle based on the historical breakout trend. According to it, memcoin always shows a significant jump in value with each successive bull cycle.

However, so far Dogecoin has not shown an upward trend, and its rate barely exceeds the $0.12 level.