Can Dogecoin Replicate Its 2021 18,000% Bull Run? Here’s What The Chart Says

Dogecoin Poised to Replicate 2021 Bull Run

Crypto analyst Kevin has provided a bullish forecast for Dogecoin (DOGE). His analysis suggests that the once-popular meme coin could replicate its remarkable ascent of 2021, during which its price surged by 18,000%.

Golden Cross on the Horizon

Kevin points to the possibility of DOGE forming a "golden cross" in the coming weeks, a technical pattern indicative of a bullish trend reversal. He notes that the last time such a cross occurred in 2021, DOGE embarked on a six-month parabolic rally with an 18,000% price increase.

Optimistic Predictions

Other crypto analysts have echoed Kevin's sentiment, predicting that DOGE could surpass its previous performance. Javon Marks forecasts a potential price surge of over 21,000% in this bull run, pushing DOGE to $17. This prediction is based on the historical trend of DOGE experiencing more significant price rallies with each subsequent bull cycle.

Realistic Targets

While Marks' $17 price target may be ambitious, a price target of $1 is considered more feasible. Several analysts, including Altcoin Sherpa, have suggested that DOGE could realistically reach this level.

Waiting for the Golden Cross

Investors are eagerly anticipating the formation of the golden cross in DOGE's price chart, hoping for a repeat of history. The meme coin has underperformed other popular meme coins, such as Pepe, Floki, and Dogwifhat, making such a move crucial for its potential resurgence.

Last Chance to Buy

Crypto analyst The Cryptomist advises investors that Dogecoin may offer one final opportunity to purchase it at a discounted price before its expected parabolic move. Based on a rising wedge pattern, she predicts a potential drop to $0.08 or even $0.05 before the rally begins.