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Investors are re -attracted by Dogecoin (Doge). This time analysts have found a pattern that could send the famous meme-mint that could rise beyond the long-awaited $ 1 mark.
Doo Touch his all time from $ 0.74 during the Bull Run in 2021, but it has had difficulty returning to that level since then. But now a market expert thinks that the past might happen again, this time with even greater profit.
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A pattern that points to rapid growth
Chandler, a crypto analyst, says that Dogecoin has been following a well -known cycle since December 2023. The cycle has three main components: an outbreak to new highlights, a short withdrawal and then a sharp rebound that comes above the previous peak. This pattern has happened twice, and if it happens again, Doge can have a great recovery.
The most recent high of $ 0.85, followed by a withdrawal, suggests that the next Dogecoin movement could push to an estimated $ 1.80 – a profit of more than 112% from the last peak.
Although price patterns do not guarantee future performance, Dogecoin’s history of explosive rallies fed by hype, speculation and retail enthusiasm make such a scenario plausible.
In the past year, every higher high $ Doge Made 112% higher than the previous one. 112% above the last top places us at $ 1.
pic.twitter.com/al8d86ugq0
– Chandler
(@chandlercharts) January 26, 2025
Market sentiment and the psychological barrier of $ 1
Overcoming $ 1 has long been a psychological and technological obstacle for Dogecoin. Although there was a lot of excitement and important support from people like Elon MuskThe earlier effort in 2021 was not successful.
However, the circumstances for another breakthrough seem to develop in view of the continuous success of Bitcoin and the momentum that Altcoins get.
Sentiment is an important factor in the fluctuations of Dogecoin. In the past year, DOGE has achieved a profit of almost 200%, which surpasses Bitcoin 110%. The possibility of exceeding $ 1 is not only conceivable, but it can also occur rather than most people expect if this outperformance continues.
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Caution in the midst of the hype
Historical patterns can offer useful insights, but they are not completely reliable. The price of Dogecoin remains bad volatileAnd external variables such as macro -economic conditions, legal changes and larger market trends can all have an impact on the movement.
Investors who are interested in participating in the potential outbreak must be careful when evaluating the risks. The profit can be considerable, but pullbacks can be just as fast because of the speculative nature of Dogecoin.
In the coming months, however, can serve as a crucial moment for the original meme mint, because the graph of doge signs of life indicates and the $ 1 barrier is approaching.
At the time of writing, Doge acted at $ 0.2671, an increase of 5.7% and 2.8% In the daily and weekly frames.
Featured image of Gemini Imagen, Graph of TradingView
