- Dogecoin’s price could surge past $10 as a historic pattern re-emerges, signaling the potential for a major breakout similar to previous bull runs, with analysts predicting a rise as high as $35.
- However, the coin must first overcome the $0.20-$0.22 resistance zone, and rising volatility and buy pressure may be the key to breaking through this barrier.
Rising Momentum Points to Dogecoin’s Bullish Potential
Dogecoin (DOGE) is setting the stage for a potential price surge that could push its value well beyond $10, according to crypto experts. A historic pattern has re-emerged, offering a glimpse into what could be the next big breakout for the meme coin. If this trend continues, DOGE could see another parabolic rise—similar to its explosive growth in previous bull runs. While there are barriers to overcome, the growing buying pressure and volatility suggest that Dogecoin may be on the brink of something monumental.
The Resurgence of a Historic Pattern
Crypto analyst Dima James Potts has pointed to a hidden historical pattern that could propel Dogecoin’s price to new heights. The pattern has triggered significant rallies in the past, with DOGE’s price increasing by over 8,000% in the first bull cycle and nearly 18,400% in the second cycle. Potts suggests that if the coin breaks above $0.21, it will confirm that the pattern is complete, potentially sparking another massive rally. This pattern could lead to a price surge that might see DOGE reach levels as high as $35—a staggering return of 19,416% based on the historical trends.
Resistance Levels: Will DOGE Break Through $0.22?
However, the path to a $10+ price tag isn’t entirely clear. A major obstacle for Dogecoin lies in the resistance zone between $0.20 and $0.22. After a brief dip on November 7, when the price fell 8%, DOGE is currently trading around $0.1941. This pullback is seen as a profit-taking move by investors shifting focus to mid-cap coins. Despite this, the overall trend remains bullish. Analysts predict that rising volatility and buy pressure could soon break through this resistance, sparking a new upward trajectory.
The Parabolic Rally Could Be Just Around the Corner
If DOGE manages to break the $0.20-0.22 barrier, analysts predict that the price could rocket to higher levels, with some expecting a local high around $0.32 or even $0.44 if volatility escalates. The rising Average Directional Index (ADX) and strong MACD histograms further support this bullish outlook, indicating that the momentum is strong and likely to continue.
With the Relative Strength Index (RSI) in the overbought zone, there may be a short-term correction before Dogecoin breaks through its key resistance. Nevertheless, the historical pattern and current market dynamics suggest that the Dogecoin bull run could be poised to go parabolic once again.
