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Bullish
Dogecoin Could Reach $20 With These Bullish Fractals
Dogecoin fell to $0.267 on December 20 after a few weeks of positive momentum. However, the meme currency looks to have steadied over $0.3.
A popular crypto expert on social media site X believes this price level may only act as a springboard for Dogecoin's price to new highs. The analyst thinks the meme currency might reach $23.
According to crypto researcher Ali Martinez's X article, Dogecoin may soon break out. Based on the reappearance of fractals in the DOGE weekly chart, the pundit predicts a new all-time high of $23.
Fractals refer to repeated patterns in price charts that potentially forecast bitcoin price changes. Dogecoin has been in a weekly descending triangle pattern since 2014, as illustrated in the graphic below.
This bullish fractal has happened several times, with Dogecoin price rising after breaking out of consolidation. Martinez noted that DOGE broke out of the fractal in 2017 at $0.01877, a record high.
In 2021, Dogecoin broke out of the falling triangle and rose to $0.7, its all-time high, during the previous bull cycle. Only lately has the meme currency broken out of this historical fractal.
The weekly chart suggests a bullish explosion for DOGE in the future year. Martinez predicts a 7,500% increase for the biggest meme currency to $23 in the next months.
DOGE has risen 2.5% in the previous day to slightly around $0.32. Despite this strong single-day performance, the meme currency has not made a weeklong profit.
Dogecoin, the biggest meme coin and seventh-largest cryptocurrency, has a market worth of $47.4 billion, according to CoinGecko.
#Dogecoin #DOGE $DOGE #ElonMusk #Tesla #Crypto2025Trends
Dogecoin fell to $0.267 on December 20 after a few weeks of positive momentum. However, the meme currency looks to have steadied over $0.3.
A popular crypto expert on social media site X believes this price level may only act as a springboard for Dogecoin's price to new highs. The analyst thinks the meme currency might reach $23.
According to crypto researcher Ali Martinez's X article, Dogecoin may soon break out. Based on the reappearance of fractals in the DOGE weekly chart, the pundit predicts a new all-time high of $23.
Fractals refer to repeated patterns in price charts that potentially forecast bitcoin price changes. Dogecoin has been in a weekly descending triangle pattern since 2014, as illustrated in the graphic below.
This bullish fractal has happened several times, with Dogecoin price rising after breaking out of consolidation. Martinez noted that DOGE broke out of the fractal in 2017 at $0.01877, a record high.
In 2021, Dogecoin broke out of the falling triangle and rose to $0.7, its all-time high, during the previous bull cycle. Only lately has the meme currency broken out of this historical fractal.
The weekly chart suggests a bullish explosion for DOGE in the future year. Martinez predicts a 7,500% increase for the biggest meme currency to $23 in the next months.
DOGE has risen 2.5% in the previous day to slightly around $0.32. Despite this strong single-day performance, the meme currency has not made a weeklong profit.
Dogecoin, the biggest meme coin and seventh-largest cryptocurrency, has a market worth of $47.4 billion, according to CoinGecko.
#Dogecoin #DOGE $DOGE #ElonMusk #Tesla #Crypto2025Trends
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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