- Dogecoin continues to hold higher lows as Bitcoin reclaims $90,000 prices.
- The price of Ethereum also pumped up alongside Bitcoin giving altcoins hope.
- Dogecoin (DOGE) prepares to hit a new ATH price of $1.25 soon.
The crypto market has been in a bullish uptrend since yesterday, as the price of the pioneer altcoin Bitcoin pumped from $88,700 to $94,000 and the pioneer altcoin Ethereum (ETH) pumped from $1,600 to $1,800 in a matter of hours. This is leading many altcoins to show highly bullish signals of their own with Dogecoin in the lead. Specifically, Dogecoin continues to hold higher lows and hits at hitting a new ATH of $1.25 this bull cycle.
Dogecoin Continues to Hold Higher Lows
Altseason has come late this cycle but it seems the time is finally nigh. As for why altseason is delayed analysts have two theories, the first is that Bitcoin pumped too early too fast leading to a long and much needed correction phase which ultimately delayed the arrival of the altseason peak phase. The second has to do with the 4-year bull cycle that has governed the last bull cycles.
To highlight, traditionally altseason arrives in Q1 following a Bitcoin Halving year. This year, this pattern did not play out, leading analysts to hypothesize that the 4-year bull cycle blueprint is obsolete and no longer in play. Therefore, analysts have been keeping a closer eye on price charts to follow up on technical analysis to determine how the prices of popular crypto tokens would respond to market changes.
Ultimately, seasoned analysts have concluded that altseason is coming and will come with bullish gains involving a string of new ATH prices for popular altcoins, much like Bitcoin pumped in Q4 of 2024. So far, several altcoins have been printing bullish signals for over the last few quarters and it may finally be time for these patterns to push altcoins prices to hitting much higher price values.
DOGE Prepares to Hit a ATH Price of $1.25
The popular pioneer memecoin Dogecoin is one such token showing strong bullish indicators pointing to significant price pumps in the coming weeks and months ahead. As we can see from the post above, this analyst highlights how DOGE continues to hold higher lows and is starting to show strength out of this set. He says that out of its previous set of higher lows, DOGE underwent an over 500% increase in price and with a breakout holding with a target at $0.6533 still in play, another at least +279% run could be on the way.
Thus, the analyst concludes that with the strength from the recent pullback, this target can be broken, bringing the price of DOGE to a new ATH of over $1.25 into play. According to CoinMarketCap data, the price of DOGE currently sits at $0.17, boasting a total market cap of $26,755,768,833.13 and a 24-hour trading volume of $2,077,576,074.69.
