A crypto analyst is predicting a huge price jump for Dogecoin (DOGE), suggesting history might repeat itself.
Dogecoin’s Past Successes
According to analyst Ali Martinez, Dogecoin’s previous price movements offer a clue to its future. He points to two past instances:
- 2017: DOGE surged 212%, dipped 40%, then exploded by another 5,000%.
- 2021:
A 476% increase was followed by a 56% drop, then a massive 12,000% rally.
Martinez notes that in 2024, DOGE has already seen a 440% rise, followed by a 46% correction. He believes this pattern suggests another huge rally is coming. His prediction? A price exceeding $1.
Technical Indicators Point to a Bullish Trend
Martinez also cites the Tom DeMark (TD) Sequential Indicator as a bullish signal on the daily Dogecoin chart. This indicator, based on the closing prices of the past 13 trading days, often signals potential trend reversals. He sees this as further evidence supporting his prediction.
Bitcoin’s Potential Dip
Martinez also commented on Bitcoin (BTC), suggesting a potential brief dip below $90,000 before further rallies. At the time of writing, Bitcoin was trading around $94,133.
Disclaimer
Remember, this is just one analyst’s opinion. Investing in cryptocurrencies is risky, and you should always do your own research before making any investment decisions. This information is not financial advice.
