{"id":625673,"date":"2024-06-21T00:00:53","date_gmt":"2024-06-21T00:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=625673"},"modified":"2024-06-20T16:34:34","modified_gmt":"2024-06-20T16:34:34","slug":"dogecoin-6150-rally-to-7-5","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-6150-rally-to-7-5\/","title":{"rendered":"Dogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5"},"content":{"rendered":"

Crypto analyst Trader Tardigrade<\/span><\/a> has provided insights into the <\/span>Dogecoin (DOGE) future trajectory<\/span><\/a>. Based on his analysis, the foremost meme coin could soon enjoy a <\/span>god candle<\/span><\/a>, sending its price to unprecedented heights.\u00a0<\/span><\/p>\n

Dogecoin\u2019s Massive Rally Will Send It To $7.5<\/h2>\n

Trader Tardigrade predicted in an X (formerly Twitter) <\/span>post<\/span><\/a> that Dogecoin will rise to as high as $7.5 when it makes its \u201chuge surge.\u201d He made this prediction while revealing that the meme coin had formed a <\/span>triangle consolidation<\/span><\/a>, which is the last phase of consolidation before Dogecoin made that massive move to the upside.\u00a0<\/span><\/p>\n

Related Reading: Cardano Bucks Bears As Large Transactions Climb To $10 Billion, Can This Drive Price To $1?<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

The crypto analyst also revealed that these triangle consolidations have formed in every market cycle and usually occur just before <\/span>Dogecoin<\/span><\/a> enjoys a parabolic rally. Trader Tardigrade has been bullish on DOGE for a while now and has continued to lay out bullish narratives for the meme coin.<\/span><\/p>\n

In one of his previous <\/span>X posts<\/span><\/a>, he highlighted a ladle pattern, which he claimed has always formed for the meme coin in every cycle. He mentioned that \u201cthe bowl\u201d was ready and was almost time for the shaft. The chart he shared showed that Dogecoin could rise above $2 once the shaft had formed.\u00a0<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

In another <\/span>post<\/span><\/a>, Trader Tardigrade highlighted a parallel channel that <\/span>Dogecoin<\/span><\/a> usually follows. He then claimed that the meme coin\u2019s next move would be \u201chuge\u201d while revealing that DOGE had left the lower support line of the current channel. Based on the chart he shared, Dogecoin could rise to $12 when that move happens.\u00a0<\/span><\/p>\n

\"DOGE\"
Source: X<\/figcaption><\/figure>\n

Meanwhile, Trader Tardigrade isn\u2019t the only analyst who has alluded to Dogecoin\u2019s historical patterns to predict the meme coin\u2019s future trajectory. <\/span>Crypto analyst Javon Marks<\/span><\/a> recently <\/span>predicted<\/span><\/a> that Dogecoin could rise to as high as $17 based on its historical breakout trend, in which the meme coin always enjoys a larger run in every subsequent <\/span>bull run<\/span><\/a>.\u00a0<\/span><\/p>\n

Dogecoin Current Outlook<\/h2>\n

Despite the bullish predictions made by these analysts, Dogecoin seems to have a bearish sentiment around it at the moment. <\/span>Crypto analyst Kevin (formerly Yomi OG)<\/span><\/a> revealed that DOGE has lost all of its <\/span>daily moving averages<\/span><\/a>, which he noted is a \u201cvery bad sign\u201d for Dogecoin in the short to medium term if it cannot reclaim these moving averages.\u00a0<\/span><\/p>\n

Related Reading: Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here\u2019s The Target<\/a><\/div>\n
\"DOGE\"
Source: X<\/figcaption><\/figure>\n

The crypto analyst added that Dogecoin had made a lacklustre bounce after <\/span>tapping the golden pocket<\/span><\/a> down at $0.11. For now, he claimed that the point of interest is Dogecoin climbing above $0.132 and that it would need to hold above the range between <\/span>$0.10 and $0.11<\/span><\/a> should the meme coin go lower.\u00a0<\/span><\/p>\n

At the time of writing, Dogecoin is trading at around $0.12, down in th last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE bulls struggle with market | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Trader Tardigrade has provided insights into the Dogecoin (DOGE) future trajectory. Based on his analysis, the foremost meme coin could soon enjoy a god candle, sending its price to unprecedented heights.\u00a0 Dogecoin\u2019s Massive Rally Will Send It To $7.5 Trader Tardigrade predicted in an X (formerly Twitter) post that Dogecoin will rise to as high as $7.5 when it makes its \u201chuge surge.\u201d He made this prediction while revealing that the meme coin had formed a triangle consolidation, which is the last phase of consolidation before Dogecoin made that massive move to the upside.\u00a0 Related Reading: Cardano Bucks Bears As Large Transactions Climb To $10 Billion, Can This Drive Price To $1? The crypto analyst also revealed that these triangle consolidations have formed in every market cycle and usually occur just before Dogecoin enjoys a parabolic rally. Trader Tardigrade has been bullish on DOGE for a while now and has continued to lay out bullish narratives for the meme coin. In one of his previous X posts, he highlighted a ladle pattern, which he claimed has always formed for the meme coin in every cycle. He mentioned that \u201cthe bowl\u201d was ready and was almost time for the shaft. The chart he shared showed that Dogecoin could rise above $2 once the shaft had formed.\u00a0 In another post, Trader Tardigrade highlighted a parallel channel that Dogecoin usually follows. He then claimed that the meme coin\u2019s next move would be \u201chuge\u201d while revealing that DOGE had left the lower support line of the current channel. Based on the chart he shared, Dogecoin could rise to $12 when that move happens.\u00a0 Meanwhile, Trader Tardigrade isn\u2019t the only analyst who has alluded to Dogecoin\u2019s historical patterns to predict the meme coin\u2019s future trajectory. Crypto analyst Javon Marks recently predicted that Dogecoin could rise to as high as $17 based on its historical breakout trend, in which the meme coin always enjoys a larger run in every subsequent bull run.\u00a0 Dogecoin Current Outlook Despite the bullish predictions made by these analysts, Dogecoin seems to have a bearish sentiment around it at the moment. Crypto analyst Kevin (formerly Yomi OG) revealed that DOGE has lost all of its daily moving averages, which he noted is a \u201cvery bad sign\u201d for Dogecoin in the short to medium term if it cannot reclaim these moving averages.\u00a0 Related Reading: Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here\u2019s The Target The crypto analyst added that Dogecoin had made a lacklustre bounce after tapping the golden pocket down at $0.11. For now, he claimed that the point of interest is Dogecoin climbing above $0.132 and that it would need to hold above the range between $0.10 and $0.11 should the meme coin go lower.\u00a0 At the time of writing, Dogecoin is trading at around $0.12, down in th last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":625689,"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":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-625673","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","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5<\/title>\n<meta name=\"description\" content=\"Crypto analyst Trader Tardigrade has provided insights into the Dogecoin (DOGE) future trajectory going forward.\" \/>\n<meta name=\"robots\" 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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. 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