Dogecoin (DOGE) Based on 91-Day Model: A Dramatic Price Change is Imminent, Will It Create a Legend?!

Once again introducing the 91-day model, the aim is to delve deeper into the subsequent development trends of Dogecoin's price. Since Dogecoin's price fluctuations do not entirely follow this historical pattern, its situation may be unique.

Next Steps for Dogecoin's Price

This 91-day sequence scenario may not effectively impact Dogecoin's price. From the chart, it merely touches the green trend line but fails to successfully break through the yellow or orange trend lines. The level of this green trend line is at $0.46, which is the level that Dogecoin reached last week.

However, Dogecoin's price did not reach the yellow or orange trend lines positioned at approximately $2 and $4. As this 91-day model gradually completes, Dogecoin may successfully break through $1 and at least reach $2 within this month. Next, I will explain the significant implications of Dogecoin's closing rise last week.

This week's closing rise means that Dogecoin's price has achieved an upward trend for the eighth consecutive week, a situation that has occurred for the second time. From a statistical perspective, this is not the most ideal pattern for Dogecoin's price, and it also suggests that this influential meme coin may be stepping into unknown territory.

However, based on my previous updates on Dogecoin's price, the phenomenon of Dogecoin rising for eight consecutive weeks deserves high attention. The last time a similar situation occurred was in the final phase of the bull market in 2017, when the upward trend began in November and ended in January, during which its price surged by 1750%.

Thus, if history repeats itself, there is still a possibility for Dogecoin's price to rise significantly in the future.

In November, Dogecoin's price soared by 161%, creating a bullish market outlook for it as a leading meme coin. Meanwhile, although the current December candlestick chart shows a green trend (indicating price increase), Dogecoin's gains are still far from the levels seen in November.