Can Dogecoin Price Hit $20? Here's What Will Happen If DOGE Repeats Previous Cycles

Crypto analyst Dealer Tardigrade has raised the potential for the Dogecoin worth rallying to as excessive as $20 on this bull run. The $20 worth prediction got here into the image because the crypto analyst revealed what would occur if DOGE repeated earlier cycles.

Dogecoin To Rally To $20 If This Occurs

In an X publish, Dealer Tardigrade predicted that the Dogecoin worth might rise to as excessive as $20 if it replicates its historic efficiency. He famous that Dogecoin skilled bull rallies after surpassing the earlier candle physique excessive in 20217 and 2021, with positive factors of three,000% and eight,000%, respectively.

In keeping with this, he predicted that the Dogeocoin worth might rally to as excessive as $20.68 if DOGE follows the same sample. Curiously, Dealer Tardigrade beforehand predicted that DOGE might rally to as excessive as $8 if it mirrors the 2017 bull run and rally to as excessive as $30 if it mirrors the 2021 bull run.

Aligning worth pattern factors to $20 for DOGE | Supply: Dealer Tardigrade on X

In the meantime, the crypto analyst additionally urged that the foremost meme coin might quickly start the following leg of its bull run. In one other X publish, he said that the Dogecoin worth has damaged out a converging triangle and the shifting common convergence divergence (MACD) reveals a bullish crossover. He added that DOGE could begin a bull rally from right here.

Crypto analyst Ali Martinez additionally hinted a bullish reversal for the Dogecoin worth. In an X publish, he said that the TD Sequential has offered a purchase sign on DOGE’s hourly chart. This means that the foremost meme coin may very well be nicely primed to file one other transfer to the upside.

DOGE’s Outlook Is Far From Bearish

In an X publish, crypto analyst Kevin Capital made a case for why the Dogecoin worth is way from being bearish. He said that DOGE remains to be seeing quick growth on the 50 and 200 shifting averages after its weekly golden cross occurred. He added that the meme coin is above the macro golden pocket at $0.26 and is battling the macro .786.

In keeping with this, he urged that there was no motive for market contributors to be bearish on the Dogecoin worth. Nonetheless, within the meantime, he talked about that he wasn’t focus very a lot on DOGE or different altcoins as a result of the Bitcoin worth will decide the following transfer out there. The crypto analyst reassured that nothing has modified relating to DOGE’s bull run, stating that cycle tops don’t happen when everyone seems to be bearish.

Crypto analyst Javon Marks additionally lately made a bullish case for the Dogecoin worth, predicting that it might witness a minimum of a 5x enhance from its present degree.

On the time of writing, the Dogecoin worth is buying and selling at round $0.35, down over 3% within the final 24 hours, based on knowledge from CoinMarketCap.