DOGE News: Possible Surge to $4 Suggested by Mirroring 2017 Price Pattern

Cryptocurrency analysts have been closely monitoring the price movements of Dogecoin (DOGE), and recent observations have raised exciting possibilities for the meme coin’s future. Here’s a summary of the key details and developments related to DOGE’s potential surge to $4.

Dogecoin Price Mirroring 2017 Pattern Suggests Possible Surge to $4

Crypto analyst KrissPax has revealed that the Dogecoin price is following a pattern similar to its 2017 bull run, raising the possibility of a surge to $4. The analyst’s chart shows that if the second large breakout of this cycle happens, DOGE could exceed its current all-time high of $0.73 and reach $4. Master Kenobi also echoed this sentiment, noting the similar bullish pattern from 2017.

Dogecoin (DOGE) Price Prediction for March 26

Recently, Dogecoin (DOGE) has shown renewed momentum, currently trading at $0.1926, following a 5.37% increase in the last 24 hours. However, over the past 30 days, DOGE has experienced a 21.03% drop, highlighting its inherent volatility. The divergence between short-term gains and a longer-term downtrend is typical for meme coins, heavily influenced by market sentiment and social media trends. The 50-period moving average on the 4-hour chart has begun trending upward, suggesting recent buying activity may provide short-term support for DOGE.

Dogecoin ’All Going To Plan,’ Says Crypto Analyst

Crypto analyst Kevin has provided an update on Dogecoin’s price structure, highlighting technical elements such as Fibonacci retracement levels, descending yellow macro trend lines, and the positioning of the 200-week SMA and EMA. According to Kevin, these signals have allowed Dogecoin to perform a critical macro back test, potentially transitioning the market into a new, more bullish phase.