Dogecoin (DOGE) Price Prediction Analysts Soar In The Near Future

The price of Dogecoin is predicted to soar. (Photo; dock. Yahoo Finance)

JAKARTA The well-known crypto analyst and trader, Ali Martinez, recently issued an interesting prediction regarding the Dogecoin (DOGE) price movement. According to him, this memecoin shows a price pattern similar to the period before experiencing a major spike in the past, triggering speculation that DOGE is preparing for a significant rally in the near future.

Martinez, who has more than 61,200 followers on social media platform X, observed that DOGE recently came out of a declining triangular pattern on weekly graphs. This pattern, in technical analysis, is generally considered bullish if prices penetrate the upper trend line.

"Dogecoin is currently experiencing a 47% price correction, which is very similar to the previous cycle," Martinez explained. "This could trigger the next DOGE bull run spike!"

- https://voi.id/teknologi/360676/harga-doge-diramal-tembus-rekor-baru-ini-prediksi-analis-kripto-tentang-dogecoin

- https://voi.id/teknologi/377769/mantan-ceo-binance-changpeng-zhao-divonis-4-bulan-penjara-atas-pelanggaran-hukum-pencucian-uang

- https://voi.id/teknologi/358631/dogecoin-melonjak-berkat-aksi-whale-dan-sentimen-positif-bitcoin

DOGE Price Pattern Similarity In The Past

Martinez gave an example of two periods where DOGE showed a similar pattern of price movements. "Over the years, Dogecoin seems to have followed the bull cycle in the past," Martinez said. "All you need is a little patience."

As this article was written, DOGE was trading around $0.13 (around Rp1,950). Martinez's prediction is based on technical analysis and historical price patterns, but keep in mind that the crypto market is always volatile and there is no guarantee that DOGE will follow the same pattern in the future.

Several other analysts also saw the potential bullish for DOGE. For example, Micha total van de Poppe, trader and famous crypto analyst, recently revealed that he was "looking for DOGE entries around $0.12."

However, there are also more skeptical analysts. Rekt Capital, a crypto trader and commentator, warned that DOGE is still in a bearish trend and has not shown any signs of a strong reversal.