Prediksi Harga Dogecoin Melambung Tinggi, Ikuti Siklus Bitcoin

Dogecoin Price Predictions: Bullish Outlook on the Horizon

Leading crypto analysts anticipate significant price gains for Dogecoin (DOGE) based on technical analysis and the potential for an imminent Bitcoin breakout.

Bullish Momentum for Dogecoin

Tradingshot's analysis on Tradingview suggests a recurring pattern in DOGE's price action that has historically followed Bitcoin's (BTC) movements.

According to their technicals, DOGE is poised for a substantial rally if it breaks through its resistance level, mirroring previous behavior. "After Bitcoin broke its resistance level, Dogecoin followed suit, but with much stronger momentum. Within a few weeks, Dogecoin reached its previous ATH," they wrote.

The price chart displays a mid-term correction, with DOGE forming lower highs and approaching the 0.236 Fibonacci retracement level. A similar scenario is anticipated in the near future, with DOGE expected to follow Bitcoin's impending breakout phase.

Bitcoin Breakout Cycle as a Precursor

Historically, whenever Bitcoin experiences a significant surge past its ATH, Dogecoin has exhibited a similar pattern, albeit with heightened intensity.

Bitquant, a crypto expert on platform X, notes that Bitcoin's current price action resembles the 2021 cycle. Bitcoin endured a corrective phase before a major breakout. This pattern is evident in the current cycle, where Bitcoin is in an "extended phase" that has restricted its rise.

Bitquant anticipates that Bitcoin's bullish wave has not yet concluded, and based on previous cycles, memecoins like DOGE are predicted to experience aggressive gains once BTC completes this phase.

DOGE Surges Past ATH

Supporting the positive outlook, John-Burr highlights the potential for a substantial rally that could push DOGE beyond its previous all-time high.

He suggests that breakout cycles often repeat or establish new patterns. "Time to repeat the timeline or start a new pattern," he stated.

John-Burr's TradingView trendline analysis suggests Dogecoin is at a crucial point for a significant price surge.

If Bitcoin breaches its resistance, DOGE will likely follow in an amplified manner, with price predictions exceeding $0.70 and potentially reaching even higher levels.

Technical indicators like the Relative Strength Index (RSI) reinforce this bullish sentiment, indicating that DOGE is in an oversold territory, signaling a potential price reversal. Historically, DOGE has often experienced oversold phases before major upward moves. Moreover, DOGE's trading volume has increased, suggesting that the market is preparing for significant price action.

Bullish Phase for DOGE

Based on historical cycles and technical analysis, DOGE is expected to enter a bullish phase with substantial price gains over the coming weeks or months.

With Bitcoin on the verge of a major breakout, DOGE is poised to follow suit and potentially surpass its ATH. Crypto investors and traders should monitor the market closely for opportunities to capitalize on Dogecoin's potential price appreciation.