Analysts Ali (@ali_charts) and Karl (@karl_xbt) have sparked excitement in the Dogecoin community with their bold predictions about the meme-inspired cryptocurrency potentially embarking on a meteoric rally.
On March 8th, Ali (@ali_charts) tweeted, “This may sound wild, but if history is any guide, #Dogecoin $DOGE could hit $1 by mid-April!”
Echoing Ali’s sentiment, analyst Karl (@karl_xbt) shared his own analysis, stating: “Small case study on $DOGE and how it ran after $BTC broke its ATH in 2020. I think we are on the verge of seeing something similar when $BTC breaks through $69,000. Leading me to believe that #DOGE is on the trajectory for $1 and higher.”
Karl has conducted a “small case study” analyzing how Dogecoin’s price reacted and “ran” higher after Bitcoin broke its previous all-time high price level back in 2020. Based on this historical analysis, Karl believes we are now nearing a similar setup where Bitcoin is on the verge of breaking through its all-time high of around $69,000 that was set in November 2021.
Karl expects that just as Dogecoin saw a major price rally after Bitcoin’s 2020 all-time high breakthrough, a similar phenomenon could play out if/when Bitcoin takes out its $69,000 record high. This leads Karl to conclude that Dogecoin is “on the trajectory for $1 and higher” price levels, mirroring the kind of explosive upside move it exhibited after Bitcoin’s previous record was broken in 2020.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +If Dogecoin were to rally from $0.17 to $1 as predicted by the analysts, that would represent an increase of approximately 488%.
The analysts did not provide any other specific details beyond their bold predictions about Dogecoin potentially hitting $1 by mid-April based on studying its historical price action in relation to Bitcoin’s movements.
You may also be interested in:
- Solana’s Network Price Surge: Is Another Leg Up Imminent? SOL Experts Eye Further Gains
- Fetch.ai Price Surges: Here is Why Top Analysts Predict FET’s Rise to “Double Digits” Amid AI Boom
- New Shiba Inu (SHIB) Cryptocurrency Rivals SHIB, Predicted 1000% Growth
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.