Dogecoin’s price has continued to rise, breaking key resistances as it moves closer to its all-time high price of around $0.73. The question remains: how high can Dogecoin go this cycle? The Coach XD, an X user with more than 9 thousand followers, seeks to answer this question using technical price patterns.
The Coach XD made a bold prediction about Dogecoin’s future price trajectory, suggesting that DOGE could reach $4.20. While acknowledging the seemingly unrealistic nature of this forecast, the analyst bases his projection on technical chart analysis.
What you'll learn 👉
DOGE Price Analysis That Shows Price Could Spike to $4
The crypto analyst presents his case through a detailed weekly timeframe analysis of DOGE/USD. He identifies a significant ascending channel that has contained Dogecoin’s price action over multiple years, with the upper boundary extending toward the $4.20 target.
Looking at historical patterns, the analyst points to some breakout zones marked by downward-sloping trendlines. These zones have previously preceded substantial price rallies, suggesting the potential for similar movement patterns in the future.
The technical analysis emphasizes past instances of parabolic growth, particularly referencing early 2021’s exponential move. The analyst indicates that a comparable parabolic run could drive prices toward the projected target.
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Logical Contradictions to Such Predictions
The Coach XD presents an interesting contradiction in his analysis, stating that while his logical mind and experience suggest skepticism, the technical patterns indicate an inevitable move toward the target. He bases this assessment on the consistent respect of the ascending channel and historical breakout patterns.
However, the analysis acknowledges that reaching such levels would require extraordinary catalysts, including potential mass adoption, a broader cryptocurrency bull market, or coordinated retail interest. The projection also assumes the continuation of historical patterns and sustained market momentum.
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