💦Dogecoin Price Set for Double Bull Runs – A Major Surge on the Horizon! 💦
Despite the current unfavorable market conditions, Dogecoin’s (DOGE) price is gearing up for a double bull run, according to crypto expert Trader Tardigrade. Here's what you need to know about this exciting price prediction:
💥1: Market Setbacks –
Temporary Pause
Recent market declines have delayed Dogecoin's much-anticipated rise toward its all-time high. However, this dip is seen as temporary, with the meme coin already showing signs of a strong recovery.
💥2: Bullish Chart Pattern – The Dual Bull Runs
Crypto specialist Trader Tardigrade identifies a Gaussian Channel pattern in Dogecoin’s weekly price behavior. This pattern signals two consecutive bull runs, indicating that DOGE is primed for major upward momentum.
💥 3: Breakout Potential –A Strong Rally
With the Gaussian Channel formation suggesting breakout potential, Trader Tardigrade expects Dogecoin's price to rise sharply as it approaches key resistance levels. In previous instances, similar setups have led to two bullish runs, and this could be no different.
💥 4: First Bull Run – Gaining Momentum
Dogecoin is currently in the midst of its first bull run. As it builds upward momentum, this sets the stage for an even bigger rally in the second phase.
💥5: Targeting $3 – The Ultimate Peak
According to the Gaussian Channel, Dogecoin could soar to $3 after the second bull run, which would mark the peak of its current cycle. Investor optimism and increased demand could fuel this upward move, taking DOGE to new heights.
💥 6: Key Threshold – Watch for $0.35
As DOGE gains momentum, the next major target to watch is $0.35. This price point is crucial, as it could trigger the liquidation of a large number of short positions. Technical analyst Ali Martinez suggests that if DOGE recovers past this point, $766.45 million in short bets could be liquidated, further fueling the price surge.
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