Forget All Dogecoin Predictions: This Chart Says DOGE Price Can Surge To $2

Forget All Dogecoin Predictions: This Chart Says DOGE Price Can Surge To $2
Source:NewsBTC
00:00 / 00:00

Crypto analyst Crypto Patel has predicted that the DOGE price can surge to $2, marking a new for Dogecoin. He also highlighted the best accumulation zones for the leading meme coin even as it looks to reclaim the $0.10 psychological level. 

Dogecoin Chart Points To DOGE Price Rally To $2

In an , Crypto Patel stated that the Dogecoin 2-week chart shows that the DOGE price could one day hit $2 and that this is all a patience game. His accompanying chart showed that the leading meme coin could hit this price target during the fifth wave of a 5-wave move higher. The chart also showed that DOGE could reach this level by 2027, potentially marking another . 

Crypto Patel noted that history doesn’t repeat itself but rhymes, with the same fractal, the same accumulation, and the same disbelief. He added that the is between $0.09 and $0.07. The target is a DOGE price rally to $0.5, $1, and $2. Meanwhile, the analyst stated that the stop-loss is the higher-timeframe close below $0.048. 

In another , the analyst doubled down on his Dogecoin prediction, stating that nothing will be able to stop the DOGE price from rallying to between $1 and $2 when the begins. His accompanying chart highlighted $0.28 as the first target for the meme coin as it eyes this rally to $2. 

Crypto analyst that the DOGE price could rally to a new all-time high above $1. This came as he noted that a golden cross for the leading meme coin is imminent and that it is located on the lower line of , which is the starting point of a rally. His accompanying chart showed that the meme coin could reach as high as $1.7 this year. 

Analysis Of The Current Price Action

In an , crypto analyst Julia noted that the DOGE price on higher timeframes is in a strong oversold condition with convergence, which is a long signal, along with a prolonged support test. She also revealed that on the daily timeframe, it is a classic technical analysis, with , which statistically tends to break to the downside. 

The analyst added that the DOGE price is sitting on support with multiple tests, and that the key breakdown level is around $0.09. She noted that there is a solid chance of a move lower and that it will be very interesting to see how this develops. However, despite the short signal on the daily, she revealed she is taking a long bias in the long term. 

At the time of writing, the Dogecoin price is trading at around $0.093, up over 2% in the last 24 hours, according to from CoinMarketCap.