Market Expert Claims DOGE’s Next Big Run Is Imminent

The long-awaited big bull run for Dogecoin could be on the horizon as a crypto expert has claimed that DOGE is preparing for its next rally, possibly to a new all-time high. This prediction comes next The recent revival of DOGE in recent weeks, indicating a revival of bullish momentum.

Dogecoin poised for huge gains in the coming weeks

Amid rising optimism about Dogecoin, Trader Tardigrade, a seasoned crypto expert and investor, has declared that the meme coin is gearing up for its next big run. Trader Tardigrade shared his forecast on the X platform (formerly Twitter), causing excitement within the Dogecoin community.

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The market expert claims that DOGE is ready next bull run after citing the key price patterns on the chart, specifically the Hidden Bullish Divergence formation, which shows the dog-themed meme coin is building strength for a potential breakout. A bullish hidden divergence formation typically occurs within a downtrend, indicating a possible reversal or slowing of downside momentum.

Trader Tardigrade called the most important pattern in the 4-hour time frame of Dogecoin’s Relative Strength Index (RSI). According to the analyst, this crucial indicator offers early signs of a sustained uptrend Dogecoinallowing the digital asset to reach higher highs.

As DOGE prepares for its next major rally, Trader Tardigrade expected There will be two major pumps in the near term, demonstrating his strong confidence in the asset’s short-term prospects. His forecast is based on historical price trends, with DOGE having experienced multiple rallies to the market top over the past two bull cycles.

For the first pump, the expert has placed his next target at the $2 price level. Meanwhile, the second pump is set to make a move towards the $20 threshold should history repeat itself. As a result, the analyst believes that DOGE’s bull run has only just begun, noting that it is still early to take advantage of the rebound.

DOGE’s Market Top Is Coming Sooner Than Expected?

According to According to crypto analyst Dima James Potts, Dogecoin’s market top seems much closer than generally expected. He made these claims after identifying price trends similar to previous cycle tops.

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In the first and second cycle DOGE witnessed an increase of 21,821% and 54,890% respectively, from the bear market lows to the highs. Although the third cycle has not yet peaked, if past events recur, James Potts expects DOGE to peak around January 19, 2025. meme coin often reaches its peak in about 1446 days.

DOGE’s market top for this cycle may be approaching quickly, but the expert is confident that this cycle’s rally could be bigger than on recent occasions as percentage gains have risen in each previous cycle, putting his target at $36.

With indications of a resurgence in the overall cryptocurrency landscape, Dogecoin could benefit from the renewed momentum and see more gains in the coming days.

Featured image from Unsplash, chart from Tradingview.com