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Dogecoin Positioning to Outperform Previous Bull Cycles?
Market expert James Potts believes that Dogecoin (DOGE) may potentially surpass its previous bull cycles, leading to a significant growth in value. According to his prediction, DOGE could increase by over 55% from its current price of $0.38, reaching the $20 milestone in the near future.
Potts’ forecast is based on the observation that Dogecoin has not only matched but exceeded the growth rates of previous cycles. This upward trajectory is primarily attributed to recent technical advancements and increased global institutional adoption.
As market sentiment remains bullish, it is possible for DOGE to continue its upward momentum. Many crypto enthusiasts anticipate a path to a new all-time high, with the $1 mark considered the next price target.
Ali Martinez, a technical analyst and trader, has also shared his insights on Dogecoin’s chart pattern. According to him, the coin is retesting the breakout zone of a massive triangle pattern in a bullish manner, indicating the potential for another upward move.
Should DOGE rebound from this zone, Martinez highlights a rally to the $0.54 level, representing a near 46% increase.
Source: bitcoinist.com
