- As the crypto market dips due to Bitcoin’s (BTC) falling price, DOGE prints a bullish sign.
- An analyst notices a repeating historic pattern on the DOGE price chart.
- Dogecoin could be in the midst of a 7,200% price pump to a $10 DOGE price.
The crypto market sinks from greed sentiment towards the greed sentiment. According to the Crypto Fear and Greed Index, the number is at 52, marking a neutral market sentiment. This fall in sentiment is likely caused by the continued dip in Bitcoin (BTC) price.
According to CoinMarketCap analytics, the price of Bitcoin is presently at $63,666 a major fall after Bitcoin (BTC) price hit the $70,000 mark earlier this week. As it usually does, the dip in Bitcoin price led to a dip in most altcoins. This time, XRP price continues to rise.
Still, many long-term analysts and crypto enthusiasts watch the BTC and altcoin charts closely and many altcoins are signaling bullish flags with the expectation of altseason making its long-awaited debut.
Elon Musk’s Favorite Crypto Asset
To highlight, one analyst observes a major bullish signal in the price chart of the pioneer memecoin asset, Dogecoin (DOGE). In detail, this analyst believes that a parabolic pump lies just ahead for Elon Musk’s most favored cryptocurrency.
As we can see from the post above, the crypto analyst explains how over the years, DOGE’s Log Breakouts, as shown in the image, have always led to a massive upside for the memecoin. The analyst believes that DOGE has done it once again and an upside movement has begun for DOGE.
$10 DOGE Price in the Works?
The post goes on the analyze the magnitude of this incoming price pump. The analyst notices that the previous two DOGE Log Breakouts led to consecutively larger runs and he believes the same is playing out now.
The analyst seems most certain and highly optimistic about the range of the incoming parabolic price pump. He says that if the historic chart pattern repeats itself then DOGE holders can expect to see a $10 DOGE price brought upon by a run of over 7,200% bull run for Dogecoin.
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