- Bitcoin (BTC) reclaims the $64,000 price mark fueling bullish altcoin sentiment.
- Pioneer memecoin Dogecoin (DOGE) prints bullish signals in its price charts.
- Analysts expect DOGE price to make a pump of over 200% in the coming weeks.
The crypto market is back in bullish gear as the price of Bitcoin (BTC) pumped back to the $64,000 price range. The positive sentiment is reviving bullish sentiment in the crypto market with the Crypto Greed and Fear Index back to the Greed range with a score of 56.Â
This bullish sentiment expects to see Bitcoin price make a new ATH in the coming weeks as well as for many altcoins in the market. This expectation is fueled by the inevitable arrival of altseason and some of the leading altcoins are already printing bullish signals on their price charts. Dogecoin (DOGE) is one such altcoin.
Dogecoin Prints Massive Bullish Signal
To highlight, the pioneer memecoin Dogecoin (DOGE) is mirroring historic parabolic moves. According to one analyst, DOGE is moving into its third cycle. This analyst believes that the current small consolidation running along the trendline is very similar to that in previous cycles. He says that these consolidations will likely lead to a parabolic DOGE price spike.
Meanwhile, another crypto trader observes an interesting formation in the DOGE price chart over a long period of time. He says that DOGE is forming a classical falling wedge chart pattern and expects the asset to test the falling wedge resistance in the coming days.Â
Analysts Expect Over 200% Price Pump for DOGE
If this test leads to a breakout, then the trader expects a target for the breakout price in the short term to be $0.25 – $0.35. Adding to this expectation is another analyst, who also believes a trend top to $0.35 is certainly a possibility.Â
According to CoinMarketCap analytics, the price of Dogecoin (DOGE) is presently $0.1126, a price that is up by 5.44% in the last 24 hours. It also boasts a total market cap of $16.4 billion and a 24-hour trading volume of $882.65 million. The asset could see over 200% pump if the target is to be hit.
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