Dogecoin Price Chart Shows Same Pattern That Led to Previous Bull Runs: Is $20 DOGE Realistic?
Crypto analyst Trader Tardigrade has shared a detailed technical analysis suggesting Dogecoin (DOGE) could reach $20 in its next market cycle. The analyst posted comparative charts on X, outlining a two-pump pattern that draws parallels between current market conditions and previous DOGE cycles.
The analysis presents three distinct timeframes spanning from 2014 to the projected 2025 cycle. Each period demonstrates a consistent two-pump pattern, characterized by an initial sharp increase followed by a consolidation phase.
Previous cycles showed this pattern leading to substantial price movements.
Chart comparisons between 2014-2018 and 2018-2021 cycles reveal similar market behaviors. Both periods experienced a pause phase after the first pump, which created support levels for subsequent upward movements.
What you'll learn 👉
Technical Indicators Support Bullish Outlook
The comparative chart analysis identifies key support and resistance zones across multiple timeframes. A parabolic curve, marked in pink across all chart panels, emphasizes recurring price acceleration patterns throughout DOGE’s history.
These technical formations align with previous market cycles, where consolidation phases preceded major price movements. The analysis maps out potential price targets based on historical data and chart formations.
Read also: Uniswap (UNI) Price Shows Bullish Potential After Recent Correction – Here’s the Outlook
Price Targets and Market Projection
According to Trader Tardigrade’s analysis, the current cycle could see DOGE reach $2 during its first pump phase. This target represents a significant move from current price levels but remains within historical precedent for first-pump magnitudes.
The second pump projection aims at $20, based on multiplication factors observed in previous cycles. This forecast stems from analysis of prior market cycles, where second pumps consistently delivered larger percentage gains than initial movements.
Each pump phase shows distinct characteristics in the analysis, with the first displaying sharp, decisive moves and the second featuring more gradual, sustained growth. The current market position, according to the charts, places DOGE at the early stages of its first pump phase.
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