{"id":576876,"date":"2024-02-26T20:00:23","date_gmt":"2024-02-26T20:00:23","guid":{"rendered":"https:\/\/wncen.com\/?p=576876"},"modified":"2024-06-11T08:17:14","modified_gmt":"2024-06-11T08:17:14","slug":"dogecoin-parabolic-breakout-3-5","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-parabolic-breakout-3-5\/","title":{"rendered":"Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here\u2019s When"},"content":{"rendered":"

Dogecoin has been in the spotlight lately <\/a>after a notable uptick in the usage of its network over the last month. However, this adoption has not translated to any notable increase<\/a> in the asset\u2019s price, prompting speculations of a delayed breakout for the meme coin.<\/p>\n

Crypto Analyst Says Dogecoin Could Breakout Soon<\/h2>\n

Even as Dogecoin continues to put on a lackluster performance, it has not shaken the bullishness of investors. One of the analysts who believe that the DOGE price<\/a> is destined for great things is crypto analyst Ali Martinez, popularly known as Ali_Charts on X (formerly Twitter).<\/p>\n

Related Reading: Crypto Platform Which Predicted Bitcoin To Reach $50,000 Has Released A New Target<\/a><\/div>\n

According to an analysis shared<\/a> by Ali on X, the meme coin may be looking to stage a repeat of the parabolic breakouts seen over the years. The crypto analyst points out that Dogecoin is mirroring past performance, and the patterns are beginning to line up to the months leading to the previous breakouts.<\/p>\n

The first instance of this breakout happened between 2017 and 2018 when there was an enormous rally after 97 bars and 679 days, as outlined by the analyst. During this time, the price of DOGE would rise by more than 8,000% before the rally was over.<\/p>\n

The next time a similar rally would occur was between 2020 and 2021. In the same vein, there were 97 bars and 679 days between the previous rally and the next one. This time around, DOGE would go on to stage an even larger rally, rising more than 23,000% to reach its current all-time high of $0.7.<\/p>\n

Now, the analyst points out that Dogecoin has almost reached the infamous 97 bars and 679 days once more, which could end in a massive rally. If this holds, then the DOGE price could break out in April when this pattern would complete, and the DOGE price could rise over the $3.5 level as a result.<\/p>\n

DOGE Price Could Rally As High As $10<\/h2>\n

This is not the first that the crypto analyst is pointing out the possibility of a Dogecoin parabolic rally. In an analysis that was posted last week<\/a>, the analyst also pointed out that the DOGE<\/a> price was following patterns similar to what was seen back in 2020 before the infamous rally.<\/p>\n

Related Reading: Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural, Rally Imminent?<\/a><\/div>\n

He points out a descending triangle that forms over two years, appearing once more. This same descending triangle was also seen before the DOGE price<\/a> had risen from less than $0.003 to over $0.7 in a matter of months.<\/p>\n

In this analysis, Ali points out that if Dogecoin were to go on a similar rally, then the price of the meme coin could rise as high as $10. \u201cHaving broken out of a descending triangle, it’s now in a consolidation phase, potentially setting the stage for another significant bull run,\u201d the crypto analyst said.<\/p>\n

\"DogecoinDOGE price at $0.084 | Source: DOGEUSD on Tradingview.com<\/a><\/pre>\n
Featured image from U.Today, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Dogecoin has been in the spotlight lately after a notable uptick in the usage of its network over the last month. However, this adoption has not translated to any notable increase in the asset\u2019s price, prompting speculations of a delayed breakout for the meme coin. Crypto Analyst Says Dogecoin Could Breakout Soon Even as Dogecoin continues to put on a lackluster performance, it has not shaken the bullishness of investors. One of the analysts who believe that the DOGE price is destined for great things is crypto analyst Ali Martinez, popularly known as Ali_Charts on X (formerly Twitter). Related Reading: Crypto Platform Which Predicted Bitcoin To Reach $50,000 Has Released A New Target According to an analysis shared by Ali on X, the meme coin may be looking to stage a repeat of the parabolic breakouts seen over the years. The crypto analyst points out that Dogecoin is mirroring past performance, and the patterns are beginning to line up to the months leading to the previous breakouts. The first instance of this breakout happened between 2017 and 2018 when there was an enormous rally after 97 bars and 679 days, as outlined by the analyst. During this time, the price of DOGE would rise by more than 8,000% before the rally was over. The next time a similar rally would occur was between 2020 and 2021. In the same vein, there were 97 bars and 679 days between the previous rally and the next one. This time around, DOGE would go on to stage an even larger rally, rising more than 23,000% to reach its current all-time high of $0.7. Now, the analyst points out that Dogecoin has almost reached the infamous 97 bars and 679 days once more, which could end in a massive rally. If this holds, then the DOGE price could break out in April when this pattern would complete, and the DOGE price could rise over the $3.5 level as a result. DOGE Price Could Rally As High As $10 This is not the first that the crypto analyst is pointing out the possibility of a Dogecoin parabolic rally. In an analysis that was posted last week, the analyst also pointed out that the DOGE price was following patterns similar to what was seen back in 2020 before the infamous rally. Related Reading: Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural, Rally Imminent? He points out a descending triangle that forms over two years, appearing once more. This same descending triangle was also seen before the DOGE price had risen from less than $0.003 to over $0.7 in a matter of months. In this analysis, Ali points out that if Dogecoin were to go on a similar rally, then the price of the meme coin could rise as high as $10. \u201cHaving broken out of a descending triangle, it’s now in a consolidation phase, potentially setting the stage for another significant bull run,\u201d the crypto analyst said. DOGE price at $0.084 | Source: DOGEUSD on Tradingview.com Featured image from U.Today, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":576886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599],"class_list":["post-576876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here\u2019s When<\/title>\n<meta name=\"description\" content=\"Dogecoin has been in the spotlight lately after a notable uptick in the 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here\u2019s When","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-parabolic-breakout-3-5\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-parabolic-breakout-3-5\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Dogecoin-Small.jpeg?resize=200%2C180","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Dogecoin-Small.jpeg?fit=320%2C180"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd"],"dateCreated":"2024-02-26T20:00:23Z","datePublished":"2024-02-26T20:00:23Z","dateModified":"2024-06-11T08:17:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here\\u2019s When\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-parabolic-breakout-3-5\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-parabolic-breakout-3-5\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Dogecoin-Small.jpeg?resize=200%2C180\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Dogecoin-Small.jpeg?fit=320%2C180\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\"],\"dateCreated\":\"2024-02-26T20:00:23Z\",\"datePublished\":\"2024-02-26T20:00:23Z\",\"dateModified\":\"2024-06-11T08:17:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Dogecoin-Small.jpeg?fit=320%2C180","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576876"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=576876"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/576886"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=576876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=576876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=576876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}