Cryptographic analyst Master Kenobi He drew a similarity between the current Dogecoin price campaign and the image of Bull Run 2017. Based on this similarity, the analyst suggested that the most crucial meme Mote may soon be a witness to a grave rally, as in Bull Run 2017.
Dogecoin Price can accumulate based on the similarity to Bull Run 2017
IN X PostMaster Kenobi predicted that the price of Dogecoin can register a grave rally based on his similarity to Bull Run 2017. The analyst emphasized a similar formation between the current dog model and the one who took shape in mid -2017, although he admitted that there were slight differences.
Master Kenobi noticed that if the pattern is thoroughly reproduced, the peak of Dogecoin prices may occur by the end of April. His companion chart showed that in 2017 Dogecoin was a witness A significant downward trend From May to September, gathering earlier this year. However, after the period from May to September, Doge continued his upward trend, because in December this year it increased to USD 0.01.
Similarly, the price of Dogecoin witnessed a significant decline from November until now, gathering between September and October last year. As in 2017, this inheritance trend may soon end, and Dogecoin will enter the second phase of your bull, which could send the most crucial meme coin to your electricity All -time (ATH) 0.73 USD or even higher.
This is in line with the earlier forecast of Master Kenobi, in which he stated that the price of Doge may reflect the August phase of last year, when the massive pump occurred after the prolonged consolidation period. He stated that if he reflects in the August phase, Dogecoin could record A price boost 6x from the current local DNA and rally to even $ 1.25 before it reaches the peak in April or May.
Doge could surpass the entire cryptocurrency market
Cryptographic analyst Tardigrade trader He raised the possibility that the price of Dogecoin exceeds the entire cryptographic market. The analyst seemed to be convinced that this could happen when he referred to the cycle of bulls 2021, when the most crucial coin coin recorded historical profits, exceeding other Cap’s main cryptocurrencies in this process.
Like Master Kenobi, Tardigrade Trader also suggested that the Doge price may soon start the next stage of his bull. In another post X, the analyst stated that Doge showed a long wick on the daily table. Then he raised the possibility of calling another candle Bull runAs at the end of 2024, Tardigrade Trader Tardigrade also stated that the most crucial mema coin still has potential for pumping.
At the time of writing this writing, the Dogecoin price is around 0.26 USD, which is a decrease of almost 2% in the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Adobe, chart from TradingView.com
