Crypto analyst Trader Tardigrade has predicted that the Dogecoin price could reach double digits if it were to repeat the historical patterns of the 2017 bull run. The analyst had previously predicted that Dogecoin could rise to $8.7 if it reflects the 2017 bull cycle.
The Dogecoin price could reach double digits if it follows these historical patterns
In one X messageTrader Tardigrade revealed that Dogecoin may have formed two sub-cycles in one cycle. If that is the case, the crypto analyst claimed that the upcoming DOGE bull run would follow in 2025 Bull run 2017which also had two peaks. The analyst’s chart shows that the Dogecoin price could reach as high as $30 if this second surge were to be registered, just like in 2017.
In 2017, the Dogecoin price experienced two bull runs. In the first cycle, the price rose as high as $0.00850 before cooling off. After the consolidation period, there was a more parabolic rally, rising to $0.01. If Trader Tardigrade indicated, something similar could happen again.
The Dogecoin price witnessed a massive bull run between October and November, gaining over 200% during that period. However, the main meme coin has cooled off since then and is consolidating within the $0.4 range. If DOGE wants to replicate the two subcycles increasing from 2017That suggests a more parabolic rally is in store.
As the crypto analyst predicted, this parabolic rally would happen in 2025 and could send the Dogecoin price as high as $30. Trader Tardigrade seems confident that Dogecoin could reach double digits in this market cycle. So far, he told market participants to consider securing profits during this bull run DOGE hits between $10 and $30.
A new ATH is imminent
Analyst Justin Bennett recently predicted that a new all-time high (ATH) is imminent for the Dogecoin price. In an X-post he stated that a new DOGE ATH seems like a formality at this point. He noted that the top meme coin consolidated well on the daily chart.
The analyst shared a daily and weekly chart analysis, which showed that the Dogecoin price could rise to $0.76 during this next surge. The weekly chart showed that Dogecoin could even break the resistance at this level rising further to $1.6. Meanwhile, on the daily chart, the meme coin could reach $0.85 after breaking the $0.76 resistance.
It is worth mentioning that the Dogecoin price is already experiencing bullish momentum again at the moment Elon Musk Shilled DOGE in a recent meme he posted on his X platform.
At the time of writing, the Dogecoin price is trading around $0.44, up more than 3% in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Forbes, chart from TradingView