The Dogecoin price is replicating a bullish fractal from 2021, signaling the potential for a price breakout to recent highs. A crypto analyst has shared a price chart comparing this historically recurring fractal to Dogecoin’s current trajectory, predicting an enormous surge to recent all-time highs by January.

Historical Fractal To Trigger Dogecoin Price Rally Above $4 

In an X (formerly Twitter) post on Wednesday, Trader Tardigrade, a distinguished crypto trader and analyst, predicted that Dogecoin, the primary meme coin, could record an explosive price rally beyond $4 by January 2025. The analyst announced that Dogecoin is repeating a vital fractal observed during its huge price pump within the 2021 bull run. 

He presented two parallel charts comparing Dogecoin’s movements between 2020 and 2021 and that of 2024. The precise side of the chart shows Dogecoin’s price motion in 2020, which led to an enormous spike in January 2021. 

Before this significant price surge, Dogecoin underwent a series of consolidation patterns. The blue triangle within the chart indicates a neighborhood peak, the green curve highlights a price recovery after a dip, and the orange arc represents a period of gradual consolidation. 

These distinctive price movements culminated in a pointy breakout for Dogecoin, allowing it to skyrocket past $0.065 in January 2021. 

Based on Trader Tardigrade’s evaluation, Dogecoin is repeating this bullish setup, with the identical consolidating patterns appearing on its price chart. The blue triangle on the left side of the chart shows that Dogecoin has already formed an initial peak. Moreover, the green curve highlights a price recovery, and the orange arc signals a rounding consolidation pattern. 

If these bullish fractals hold, Dogecoin could mirror its previous price motion and experience a robust rally just like the 2021 pump. Consequently, the analyst labeled January “the large bang month,” emphasizing its importance during this bull market. Trader Tardigrade predicts that if Dogecoin repeats the historical fractal, it could trigger a surge strong enough to propel the meme coin’s price above $4.  

Analyst Predicts 570% Surge For Dogecoin 

Crypto analyst Javon Marks has also predicted an enormous bull rally for Dogecoin, emphasizing the importance of historically repeating patterns in determining the meme coin’s future trajectory. The analyst shared a chart outlining Dogecoin’s price behavior across three distinct cycles — Cycle 1, Cycle 2, and Cycle 3. 

Each cycle follows the same consolidation pattern inside a descending triangle, followed by a breakout that results in a considerable price rally. Dogecoin surpassed the 1.618 Fibonacci Extension level during each cycle after successfully replicating the historical consolidation patterns. 

Based on this evaluation, the present Dogecoin price motion in Cycle 3 aligns with the recurring pattern. If this trend persists, Marks forecasts that Dogecoin could experience an enormous surge of over 570%, potentially reaching $2.28 or higher. 

Featured image created with Dall.E, chart from Tradingview.com