Potential 6,770% Upswing Suggests Historic Growth Patterns May Continue for Dogecoin

Dogecoin’s Historic Growth Patterns Signal a Potential 6,770% Upswing

December 30, 2024 | Vee Peninah

The history of Dogecoin shows an ascending channel; the going rate could skyrocket by 6,770 percent, extrapolating the model. Relative levels within this channel are especially important for predicting further price dynamics of a given security. Nevertheless, the optimism of the projected performance comes with underlying risk factors such as fluctuations and shifts among others.

Dogecoin ($DOGE), by this definition, is due for another major uptrend if history repeats itself. The analysis of charts in the past few days reveals that $DOGE has been on an ascending parallel channel which has time and again marked a period of high volatility.

Source: cryptonewsland.com