$10 DOGE Price Expectation Gains Momentum as Dogecoin Price Charts Mirror Bullish Historic Patterns

August 26, 2024 at 09:36 AM GST

Bullish Sentiment Surges: Bitcoin Breaks $65,000 Mark

Altseason Expectations Rise Following Bullish Price Signals

Dogecoin (DOGE) Potential to Reach $10 ATH in Current Bull Cycle

Bullish sentiment is gaining momentum in the crypto market, with Bitcoin (BTC) reclaiming the $65,000 price level. This, coupled with an index score indicating "Greed," is fueling optimism among investors. The high expectations for altseason are further enhancing the bullish sentiment.

Altseason Sparks Bullish Expectations for DOGE

Several altcoins have been exhibiting bullish patterns, with some forming potentially parabolic patterns. These signals suggest a potential altcoin surge in the coming months.

One analyst has observed promising price movements in Dogecoin (DOGE), predicting the potential for it to reach a $10 price target during the bull run phase.

Can DOGE Price Hit $10 This Bull Run?

The analyst notes historical trends that suggest price increases in third years of the cycle. In the first cycle (2016), the price increased 1.5 times, while in the second cycle (2020), it ended the year 2.5 times higher.

If this pattern continues, the analyst predicts a possible increase to $0.31 by the end of this year, based on the starting price of $0.09051 in 2024.

History suggests that Dogecoin could experience significant price increases in 2025. In 2017, DOGE surged by 9000%, and in 2021, it rose by 18,000%. If this repeats, a similar surge could be possible.