Dogecoin To Peak In Next Parabolic Run?

Trader Tardigrade, a market analyst and crypto content maker, predicts a price increase for DOGE that may drive the crypto asset to a new all-time high, boosting community excitement about its short-term potential.

Trader Tardigrade's daring forecast on X (previously Twitter) suggests that DOGE's next rise might exceed its prior heights, based on past market indications and price patterns. DOGE hitting crucial Fibonacci levels should lead to a rocket-like price surge, according to the market expert.

Trader Tardigrade reports that Dogecoin has reached the Fibonacci region between 0.618 and 0.88, where it consolidated for many weeks as a stage station in the 2018 to 2021 market cycle.

Since Dogecoin has survived previous cycles, the analyst believes it will be “bound for a rocket ride” to a new all-time high if it breaks out of the zone. He says DOGE has a long way to go and that the price peak is only the first station.

This forecast is based on Dogecoin's expected $1 milestone in the current cycle. With the current all-time high at $0.7 as the first station on DOGE's expected rocket journey to new heights, $1 may be closer than we believe.

Trader Tardigrade also noticed that the mid-band of the Gaussian Channel, a technical indicator used to analyze momentum and price patterns, is supporting Dogecoin's expected price surge.

The third time this bullish tendency, which sometimes preceded major upswings, emerged. The analyst expects DOGE to pump to a new high with this price movement.

DOGE Regaining Growth

DOGE is rebounding after a small setback, signaling resumed positive momentum. This increased vigor has sparked bullish mood as massive cash has poured into the digital asset in recent days.

Dogecoin is reaching $0.40 with a 5% daily rise. Its trading volume rose roughly 26% in the last day, demonstrating investor confidence in the meme-inspired cryptocurrency.

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