Dogecoin supercycle 2 loading: Why the duplication of supercycle 1 makes it more than $10
Crypto Analyst Trader Tardigrade Revealing Dogecoin Supercycle 2 is loading. Analysts further provided insights on why the price of meme coins is rising above $10, as it reflects Supercycle 1.
Dogecoin Supercycle 2 happens in the next few months
exist X PostsTrader Tardigrade predicts that Dogecoin Supercycle 2 will happen in the next few months. based on Period 1Analysts say Doge offers a huge opportunity at this level. He noted that the leading meme coins could experience rapid growth in the coming months.
The chart he accompanied shows that Dogecoin could be over $10 this year as part of Super Loop 2. Interestingly, the long-term goal for meme coins in this Cycle 2 is $130. According to the chart, Super Loop 1 happened between 2014 and 2021, when Doge witnessed a wide variety of prices Three bulls runwhich leads to its current all-time high (ATH) of $0.73.
In another article, Trader Tardigrade said Dogecoin is repeating the macro chart pattern from 2014 to 2018. Based on this chart pattern, he predicts The Governor may assemble to $17 By the end of the year. Analysts expect meme coins to gather quickly and quickly, potentially catching many market participants off guard.
This is what he pointed out that the current price action coincides with the bullish indicators in previous cycles. Analysts claim this marks the incoming of large pumps and the rise of Dogecoin will happen soon. Doge can really prepare for the next move, as Trader Tardigrade mentioned that it has gained support in zones 0.382 to 0.5 in Fibonacci. It dips into the area and rebounds, which suggests a successful retest.
Some positives for Duge
In X posts, Crypto analyst Ali Martinez It is revealed that whales have purchased more than 1 billion ycin in the past month. The accumulation of large whales usually precedes the price rises, which is why this development is bullish on meme coins. Doge’s network also witnessed an increase in activity.
Martinez also said domycin is seeing Rising addressvolume and whale activity. He pointed out that these are bullish signals that can support further upside potential. Analysts commented on the current price action and revealed what could spark another bull’s campaign for Doge.
He said $0.26 is Dogecoin’s main area of resistance, and claimed that breakthroughs beyond resistance could trigger a new bull run. The chart he accompanied shows that if Doge breaks the $0.26 level, Doge could be as high as $0.4.
At the time of writing, Dogecoin price is trading at about $0.22, down over the past 24 hours. data From CoinMarketCap.
Featured images from Pixabay, charts from TradingView.com
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