Dogecoin's Rocket Ride Looming: Expert Sight Recent All-Time High On The Cards

Interest in Dogecoin appears to be rising once more with the meme coin demonstrating the potential for an additional notable price upswing, capturing the eye of investors and crypto enthusiasts as they anticipate a large run-up to a recent all-time high in the continuing market cycle.

Dogecoin To Hit A Recent Peak In The Next Parabolic Run?

As Dogecoin gears up for an additional leg up, Trader Tardigrade, a market expert and crypto content creator, has forecasted an impending price surge for DOGE that would push the crypto asset to a recent all-time high, sparking optimism throughout the community about its capability within the short term.

Trader Tardigrade’s daring prediction shared on the X (formerly Twitter) platform implies that DOGE’s next rally could see the meme coin surpass its previous peaks, considering indicators and price trends seen in previous market cycles. It’s value noting that the market analyst anticipates an uptick as a consequence of DOGE reaching key Fibonacci ranges, paving the best way for a rocket-like price rally.

In line with Trader Tardigrade, Dogecoin has currently moved into the Fibonacci range between 0.618 and 0.88, a zone where DOGE entered a consolidation phase for several weeks as a stage station throughout the 2018 to 2021 market cycle.

Within the event that Dogecoin breaks out from the zone, the analyst is confident that the meme coin is “sure for a rocket ride” to a recent all-time high, reflecting the crypto asset’s resiliency over past cycles. Meanwhile, he claims that the current price peak is merely the primary station, noting that DOGE still has a protracted technique to go.

Dogecoin throughout the 0.618 and 0.88 Fibonacci range | Source: DOGEUSDT on Tradingview.com

This prediction is available in light of a general belief about Dogecoin’s path to the $1 milestone in the continuing cycle. With the present all-time high on the $0.7 level cited as the primary station when DOGE goes on the anticipated rocket ride to recent peaks, the $1 mark could possibly be much closer than we predict.

Trader Tardigrade also noted that Dogecoin’s anticipated price rally is gaining critical support from the mid-band of the Gaussian Channel, a technical indicator continuously used to look at momentum and price patterns.

The emergence of this bullish trend, which frequently preceded huge upswings marks its third time in history. Thus following this price motion, the expert believes DOGE will witness an incredible pump, potentially to a recent peak.

DOGE Regaining Its Upward Momentum

After experiencing a temporary pullback, DOGE is currently exhibiting signs of a rebound, indicating renewed upside momentum. This renewed strength has triggered strong positive sentiment as huge capital has been flowing into the digital asset over the previous few days.

On the time of writing, Dogecoin is regularly approaching the $0.40 price level with a day by day surge of about 5%. Its trading volume has risen by nearly 26% up to now day, indicating growing investors’ confidence within the meme-inspired cryptocurrency.