Dogecoin Price Completes First Bull Phase Similar To 2021, Here’s What Comes Next

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As a seasoned analyst with over a decade of experience in the crypto market, I find it intriguing to see the similarities between the current Dogecoin bull run and its past cycles. The first phase has indeed completed, as KrissPax aptly pointed out, and if history repeats itself, we might be looking at two more significant up-phases before the price tops in this market cycle.

According to cryptocurrency expert KrissPax, it appears that the initial stage of Dogecoin‘s growth spurt – much like during the 2021 market surge – has been accomplished. He offers valuable perspectives on what might transpire in the future for Dogecoin.

Dogecoin Price Completes First Bull Phase

In KrissPax’s recent post about Dogecoin, he pointed out that the current bull run has seen its first rise phase, much like the 2021 and 2017 bull markets. He emphasized that these earlier cycles experienced two further significant price increases. Therefore, it is possible that Dogecoin may see a couple more such rises before reaching its peak in this market cycle.

Crypto analyst Ali Martinez advises staying patient as Dogecoin’s price fluctuates sideways for now, potentially until the next phase of its upward trend starts. He also points out that Dogecoin might challenge the endurance of market participants during this parabolic surge. Furthermore, similar to in 2017 and 2020, the TD Sequential has indicated a sell signal, which could result in a temporary decline before the bullish momentum resumes.

In an earlier assessment, KrissPax shared his views on potential Dogecoin price peaks and maximum height within this market cycle. As a crypto expert, he forecasted that Dogecoin might surge up to $3 during this bull run. But, he emphasized that the journey towards this target begins with Dogecoin reaching $1 first.

Based on various predictions and analyses, the upcoming phase might propel Dogecoin’s price up to around $1. This could potentially escalate further to approximately $3, as suggested by KrissPax. However, if Dogecoin reaches the upper boundary of Martinez’s channel, it could surge as high as $14. The midpoint of this channel places Dogecoin slightly above $1.5.

Almost Time For The Next Leg Up

According to crypto analyst Kevin Capital, it appears that the price of Dogecoin is about to experience another surge in value. In a recent post on X, he expressed his viewpoint that Dogecoin has been consolidating for some time and that the popular meme coin has also repositioned certain key factors on the daily timeline. Consequently, he anticipates that Dogecoin will begin moving upward.

According to Crypto Analyst Master Kenobi, the upcoming phase in Dogecoin’s movement could offer market participants a sudden and clear indication of its long-term peak price.

As a crypto investor, I’m excited about the prediction in my analysis that the price of Dogecoin could surge past its current all-time high and potentially reach up to $1.08 in its upcoming bull run.

Currently, as I’m typing this, Dogecoin’s value is approximately $0.42 per coin, marking an increase of more than 5% within the past day, based on information provided by CoinMarketCap.

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2024-11-30 19:34