Dogecoin SuperCycle 2 Loading: Why A Repeat Of SuperCycle 1 Will Take Price Above $10

Crypto analyst Dealer Tardigrade has revealed {that a} Dogecoin Supercycle 2 is loading. The analyst additional supplied insights into why the meme coin’s value might surge above $10, because it mirrors the SuperCycle 1.  

Dogecoin SuperCycle 2 To Occur In The Coming Months

In an X publish, Dealer Tardigrade predicted that the Dogecoin SuperCycle 2 will occur within the coming months. Based mostly on Cycle 1, the analyst acknowledged that DOGE at this stage presents a major alternative. He remarked that the main meme coin might expertise fast progress within the coming months. 

His accompanying chart confirmed that Dogecoin might rally above $10 this yr as a part of the SuperCycle 2. Curiously, the long-term goal for the meme coin on this cycle 2 is $130. Based mostly on the chart, the SuperCycle 1 occurred between 2014 and 2021, when DOGE witnessed large value surges throughout three bull runs, which led to its present all-time excessive (ATH) of $0.73. 

In one other publish, Dealer Tardigrade acknowledged that Dogecoin is repeating the macro chart sample from 2014 to 2018. Based mostly on this chart sample, he predicted that DOGE might rally to $17 by year-end. The analyst expects the meme coin’s rally to be swift and fast, presumably catching many market contributors off guard. 

This got here as he famous that the present value motion aligns with a bullish indicator from earlier cycles. The analyst claimed that this alerts an enormous pump is incoming, with Dogecoin’s rise occurring rapidly. DOGE might certainly be prepared for the following transfer, as Dealer Tardigrade talked about that it has discovered help within the Fibonacci 0.382 to 0.5 zone. It dipped into that space and rebounded, which hints at a profitable retest. 

Some Positives For DOGE

In an X publish, crypto analyst Ali Martinez revealed that whales have purchased over 1 billion Dogecoin previously month. Heavy whale accumulation sometimes precedes a value surge, which is why this improvement is bullish for the meme coin. DOGE’s community can be witnessing elevated exercise. 

Martinez additionally acknowledged that Dogecoin is seeing a rise in lively addresses, transaction quantity, and whale exercise. He remarked that these are all bullish alerts that might help additional upside. The analyst commented on the present value motion and revealed what might spark one other bull run for DOGE. 

He acknowledged that $0.26 is the most important space of resistance for Dogecoin and claimed {that a} breakout above that resistance might spark a brand new bull run. His accompanying chart indicated that DOGE might rally to as excessive as $0.4 if it breaks the $0.26 stage. 

On the time of writing, the Dogecoin value is buying and selling at round $0.22, down within the final 24 hours, based on information from CoinMarketCap.

Featured picture from Pixabay, chart from Tradingview.com

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