- Dogecoin price chart signals strong bullish indicators.
- Analyst expects a $1 DOGE price to arrive by December 1.
- Altcoins continue to show incredibly bullish signs as Bitcoin holds steady at $90,000.
Bitcoin price stays strong in the $90,000 price range giving altcoins a moment to catch up before it proceeds to set newer and higher ATH in 6-digit price ranges. Presently, many altcoins have been surging exponentially in price. For instance, XRP increased by almost 100% in the last week.
DOGE SHows Potential for Significant Pump
Similarly, the pioneer crypto asset Dogecoin (DOGE) has also been steadily pumping. In detail, according to CoinmarketCap analytics, the price of DOGE has pumped by almost 160% in the last month alone. Presently, analysts are debating over DOGE’s next move. One analyst says that DOGE is gaining significant attention as its price shows a recurring pattern across cycles.
To highlight, this user shares a detailed price chart exploring the weekly charts. As we can see from this post above, the weekly chart reveals a consistent trend where each cycle peaks roughly every 1,446 days. Thus, he explains that in the first cycle DOGE saw a staggering 21,821% rise from the bear market low to its peak and in the second, it pumped by 54,890%.
Therefore, if history repeats itself, Dogecoin could be gearing up for a major rally suggesting the first key target lying at its previous all-time high (ATH), coinciding with a $100 billion market cap. Reaching this level would be a significant psychological milestone, doubling as ‘free advertising’ for the meme coin.
The Road to $1 DOGE Price Steps Closer
Meanwhile, another post expects DOGE to hit $1 soon. To clarify, the $1 mark has long been a dream for the Dogecoin community, with its significance comparable to Bitcoin’s iconic $10,000 moment in 2017. If momentum builds, DOGE could potentially surpass $1 by December 1.
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