{"id":3875,"date":"2024-07-27T02:30:23","date_gmt":"2024-07-27T02:30:23","guid":{"rendered":"https:\/\/cryptd.in\/can-dogecoin-replicate-its-2021-18000-run-heres-what-the-chart-says\/"},"modified":"2024-07-27T02:30:23","modified_gmt":"2024-07-27T02:30:23","slug":"can-dogecoin-replicate-its-2021-18000-run-heres-what-the-chart-says","status":"publish","type":"post","link":"https:\/\/cryptd.in\/cs\/can-dogecoin-replicate-its-2021-18000-run-heres-what-the-chart-says\/","title":{"rendered":"Can Dogecoin Replicate Its 2021 18,000% Run? Here\u2019s What The Chart Says"},"content":{"rendered":"

Crypto analyst Kevin (formerly OG Yomi)<\/a> has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its 2021 bull run<\/a> when it enjoyed a price gain of 18,000%.<\/p>\n

Dogecoin Could Soon Replicate Its 2021 Bull Run<\/h2>\n

Kevin suggested in an X (formerly Twitter) p\u0159\u00edsp\u011bvek<\/a> that Dogecoin could soon replicate its 2021 run<\/a> when it made a price gain of 18,000%. This came following his statement that DOGE is two to three weeks away from achieving its first weekly golden cross<\/a> in four years. The analyst noted that the meme coin went \u201cparabolic\u201d for six straight months and enjoyed a price rally of 18,000% the last time this happened in 2021.\u00a0<\/p>\n

Crypto analysts like Javon Marks have also raised the possibility of Dogecoin replicating its 2021 run and even surpassing it at different points in this market cycle. Marks p\u0159edpov\u011bzeno<\/a> that the foremost meme coin could enjoy a price rally of over 21,000% in this bull run<\/a> and rise to $17. This prediction is based on Dogecoin\u2019s historical breakout trend, in which the meme coin has enjoyed more significant price rallies in every subsequent bull run.\u00a0<\/p>\n

More recently, Marks stated<\/a> that Dogecoin\u2019s rise to $0.6533 is only a matter of time and that the meme coin could enjoy a 90% price rally to $1.25. While the analyst\u2019s price prediction of $17 is undoubtedly ambitious since it will give Dogecoin a market cap of about $2.4 trillion, the price target of $1 looks more feasible, and this is a price level that some other analysts, like Altcoin Sherpa, have agreed<\/a> that DOGE can reach.\u00a0<\/p>\n

In the meantime, investors hope that Dogecoin can successfully achieve the Golden Cross and that history will repeat itself. DOGE is well in need of such a move, considering how the foremost meme coin has underperformed in comparison to other major meme coins like Pepe (PEPE)<\/a>, Floki (FLOKI), and Dogwifhat (WIF).\u00a0<\/p>\n

One Last Opportunity To Buy DOGE<\/h2>\n

Crypto analyst The Cryptomist<\/a> recently suggested that investors will have one last opportunity to buy Dogecoin at a discount before it makes its parabolic move. Based on a rising wedge pattern<\/a> highlighted on Dogecoin\u2019s chart, she predicts that the foremost meme coin will still drop to as low as $0.08 and possibly $0.05.\u00a0<\/p>\n

However, she is bullish on Dogecoin long-term, stating that the foremost meme coin has a \u201chigh chance\u201d of reaching $1 this year. Crypto analyst Crypto Kaleo<\/a> also recently p\u0159edpov\u011bzeno<\/a> that Dogecoin could drop to as low as $0.08 before it runs to $1<\/a>.<\/p>\n

At the time of writing, Dogecoin is trading at around $0.129, up over 4% in the last 24 hours, according to data<\/a> z CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Crypto analyst Kevin (formerly OG Yomi) has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its 2021 bull run when it enjoyed a price gain of 18,000%. Dogecoin Could Soon Replicate Its 2021 Bull Run Kevin suggested in an X (formerly Twitter) post that Dogecoin could […]<\/p>\n","protected":false},"author":0,"featured_media":3876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nCan Dogecoin Replicate Its 2021 18,000% Run? 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