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Dogecoin (DOGE) could be on the verge of a historic rally, according to prominent analyst Trader Tardigrade. The market expert highlighted that DOGE has consistently followed a bullish pattern in previous cycles and expects a similar trajectory soon. If this projection holds, Dogecoin could finally break past the elusive $1 milestone, setting new all-time highs.
Dogecoin’s Bullish Setup: The “Doge Circle”
In a recent analysis on March 27, Trader Tardigrade introduced the concept of the “Doge Circle,” a macro-technical pattern that has dictated Dogecoin’s price action in previous bull runs. The analyst noted that DOGE has repeatedly rebounded whenever it touched the lower circumference of this circular structure, acting as a crucial long-term support.
#Dogecoin macro chart follows the $Doge Circle 🔥 pic.twitter.com/Os6scDp1T9
— Trader Tardigrade (@TATrader_Alan) March 27, 2025
Historical data supports this claim. In early 2015, Dogecoin rebounded from $0.0001, and in April 2017, it surged from $0.0004 to $0.0041. The second cycle saw DOGE bounce from $0.0012 in March 2020 and $0.0024 in November 2020, eventually skyrocketing to its all-time high of $0.7488 in May 2021.
Most recently, Dogecoin’s November 2024 rally to $0.4846 stemmed from the same support level. After its latest dip to $0.1432, the meme coin has recovered 26%, fueling speculation of an imminent breakout. According to Trader Tardigrade, DOGE could now be poised for a massive 4,259% surge to $8.
Other Bullish Dogecoin Predictions
Trader Tardigrade is not the only market watcher with an optimistic outlook on Dogecoin. Analyst Kamran Asghar foresees a 2,852% price explosion to $6, citing historical price cycles. Meanwhile, top analyst Javon Marks predicts a 12x surge to $2.28, highlighting Dogecoin’s strong community backing and increasing adoption.
Current Price Action and Outlook
On March 26, Dogecoin surged over 14% to $0.2061 but faced rejection at the key resistance of $0.21, leading to a 12% retracement. At the time of writing, DOGE trades at $0.1822, down 5% in the past 24 hours.
Also Read: Dogecoin Soars 18% in Three Days: Is a Major Breakout on the Horizon?
If historical patterns repeat, Dogecoin could be gearing up for an explosive rally, making it a meme coin to watch in the coming months.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
