Dogecoin Enters Final Stage of Consolidation, Analyst Predicts 6,150% Rally to $7.5

Crypto Trader Tardigrade Analyst provided information to Dogecoin (DOGE) future trajectory. Based on his analysis, the leading meme coin may enjoy a god’s candlesending its value to unprecedented heights.

Dogecoin’s Massive Rally Will Send It To $7.5

Trader Tardigrade predicted X (ex-Twitter) posted that Dogecoin will go up to $7.5 if it makes its “big increase”. He made this prediction while pointing out that the meme coin created a to strengthen the trianglewhich is the last stage of consolidation before Dogecoin makes that big move to the top.

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The crypto analyst also revealed that this triple consolidation has been building throughout the market cycle and usually happens before Dogecoin enjoy the parabolic rally. Trader Tardigrade has been switching to DOGE for a while now and has continued to post cheap stories about the meme coin.

In one of his previous ones X’s post, highlighted the ladle pattern, which he said was always creating a meme character throughout the cycle. He said the “vessel” was ready and it was time to enter the pit. The chart he shared showed that Dogecoin could rise above $2 if the shaft is built.

For another postedTrader Tardigrade highlighted the corresponding channel Dogecoin usually follows. He then said that the next move of the meme character will be “huge” while pointing out that DOGE has left the lower support line of the current channel. Based on the chart he shared, Dogecoin could rise to $12 if that move happens.

Meanwhile, Trader Tardigrade is not the only analyst who has referred to Dogecoin’s historical patterns to predict the future trajectory of the meme coin. Crypto analyst Javon Marks recently predicted that Dogecoin can go up to $17 based on its historical trend, where the meme coin always enjoys a bigger run in all the following. run the bull.

Dogecoin is the current Outlook

Despite the bullish predictions made by these analysts, Dogecoin seems to have a bearish sentiment around it at the moment. Crypto analyst Kevin (formerly Yomi OG) he pointed out that the DOGE has lost everything daily moving averagenoted that it is a “very bad sign” for Dogecoin in the short to medium term if it cannot recover these moving averages.

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The crypto analyst added that Dogecoin made a mistake in the background hitting the gold pocket closed at 0.11 US dollar. At the moment, he said the point of interest is that Dogecoin is rising above $0.132 and will need to hold above the range in between. $0.10 and $0.11 if the meme character goes down.

At the time of writing, Dogecoin is trading at around $0.12, down from 24 hours ago, according to the report. data from CoinMarketCap.

The featured image was created with Dall.E, a chart from Tradingview.com