Why Dogecoin Price Could Surge to $10 in This Market Cycle

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Dogecoin Price. Crypto analyst DOGECAPITAL has forecasted that Dogecoin (DOGE) could reach $10 in this market cycle, drawing parallels between the current price action and previous bull cycles. The analysis highlights historical patterns that suggest DOGE is on track for another parabolic rally.

Historical Patterns Indicate a Dogecoin Surge to $10

In a recent X post, DOGECAPITAL outlined how Dogecoin’s price action aligns with previous bull runs, reinforcing confidence that DOGE could surge to $10. The analyst pointed to the weekly DOGE chart, which shows a recurring pattern across the last two cycles.

Every fourth year, Dogecoin retests a critical support level before entering the second phase of its parabolic uptrend. Based on historical trends, DOGE appears to be following a similar trajectory in this cycle.

Additionally, DOGE’s performance in 2024 has outpaced previous bull markets. The analyst noted that:

• In 2016, DOGE’s third-year performance saw a 1.5x price increase.
• In 2020, this increase was 2.5x.
• In 2024, DOGE has already gained 3.5x, making it the best third-year performance in its history.

As a result, DOGECAPITAL believes the recent pullback is larger than in previous cycles, but the meme coin is expected to hold above $0.20 before resuming its upward trajectory.

Dogecoin Expected to Target $1.70 Before Entering a Parabolic Move

Following this consolidation phase, DOGECAPITAL predicts that Dogecoin will surge toward $1.70, mirroring past cycles where DOGE hit a parallel resistance level before accelerating into a parabolic move. According to the analyst, this second upward phase could kick off in the coming weeks, paving the way for DOGE’s long-term price target of $10.

DOGE’s Path to $1 Could Be Imminent

Another crypto analyst, Trader Tardigrade, has also projected a DOGE rally toward $1 in the near future. According to his analysis, DOGE’s Relative Strength Index (RSI) has hit a key critical level, signaling an imminent bullish breakout.

In a separate X post, Trader Tardigrade pointed out that Dogecoin is repeating a historically bullish pattern, reinforcing strong market sentiment for an upcoming rally. The analyst urged investors to focus on the big picture, dismissing any short-term bearish concerns.

DOGE Whales Are Accumulating Ahead of a Potential Surge

Adding to the bullish sentiment, large investors (whales) have been aggressively accumulating DOGE in anticipation of a price surge. Crypto analyst Ali Martinez revealed that whales have purchased 530 million DOGE within 72 hours, signaling strong confidence in an upcoming breakout.

As history suggests, whale accumulation often precedes major price movements, reinforcing the optimistic outlook for DOGE in this bull cycle. If market momentum aligns with historical trends, Dogecoin’s rally to $10 could be within reach.