Dogecoin: A Historical Pattern That Could Reignite the Bull Run
According to analyst Dima Potts, Dogecoin could be on the verge of repeating a historical pattern observed during previous bull cycles. By analyzing charts on longer timeframes, he notices a recurring structure: a lengthy accumulation phase followed by price compression, often preceding explosive movements.
This type of technical configuration has already occurred multiple times over the past decade for DOGE, particularly before its major rallies. After an extended period of correction and consolidation, the asset now appears to be approaching a breaking point that could trigger a significant breakout.
If this fractal pattern confirms, Dogecoin could quickly target new highs and surpass its previous all-time high of $0.73 reached in 2021. In this scenario, the asset would also benefit from the overall momentum of the crypto market, often favorable to altcoins in late-cycle phases.
$10 Target: Credible Scenario or Pure Speculation?
The projection of Dogecoin at $10 generates enthusiasm within the community, but also raises questions about its feasibility. Such a price would imply a market cap of approximately $1.4 trillion, a level comparable to Bitcoin today or to silver as a precious metal.
For some analysts, this scenario remains highly ambitious. However, the history of cryptocurrencies has shown that extreme bull cycles can propel certain assets far beyond expectations, especially when FOMO and speculation dominate the market.
In the short term, traders are primarily monitoring key technical levels and indicators like RSI or moving averages. If the global market remains bullish and Bitcoin continues its progression, Dogecoin could benefit from the momentum effect of altcoins and attempt a new expansion phase.
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