Dogecoin Price Chart Prints Same Bullish Pattern as 2021 God Candle, New $1 DOGE Price ATH Loading This Bull Cycle

May 30, 2024 at 02:54 PM GST 2 mins read Crypto Live News

Analysts recognize the historic repeat of the DOGE god candle of 2021.
Will the same 10x pattern send the Dogecoin (DOGE) price to over $1?
The crypto market awaits the dramatic arrival of the golden bull run phase.

As the crypto community eagerly awaits the arrival of the golden bull run phase in the ongoing crypto bull cycle, analysts are listing out which altcoin and memecoins will surge first and by how much. Dogecoin (DOGE) has caught the spotlight today.

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In detail, one crypto enthusiast shares bullish observations for a massive price spike for the pioneer memecoin Dogecoin (DOGE). What catches this user’s eye is that the pattern is printing a similar copy to that of the god candle DOGE printed in the Spring of 2021.

Specifically, this analyst says the price of DOGE lingering in the current range could last a little longer. However, if the chart is printing the same signals as it did in the Spring of 2021, then a massive price spike is imminent for DOGE.

To highlight, the god candle in the Spring of 2021 led to the DOGE price going from sub one cent to ten cents. This is the price of Dogecoin (DOGE) in the market right now. Thus, if history is to repeat itself then the price of DOGE could go from $0.1 to $1 and higher.

Over the years, many other popular memecoins have come to take the memecoin king title from Dogecoin (DOGE). So far, many altcoins and memecoins have come and gone. While some like Shiba Inu (SHIB) and FLOKI began their journeys as memecoins they have gained a greater recognition in today’s market.

Meanwhile, some crypto investors and traders expect the more popular meme tokens for the ongoing cycle to be BONK, PEPE, or other possible alternatives. Yet, this trader marks DOGE as the ultimate king of memes crypto assets.

He ends his message by saying anyone would be crazy to think this pioneer meme asset will not surge in massive bullish waves this coming golden bull run phase. He also adds an encouraging statement to stack and hold Dogecoin (DOGE) before the ultimate DOGE god candle sends the price to a new all-time high (ATH).