The Dogecoin worth has not too long ago damaged out of a Symmetrical Triangle pattern, signaling a possible for a bullish momentum. Apparently, this breakout occurred simply three days earlier than Donald Trump’s presidential inauguration. As a result of timeline, a crypto analyst has issued a bullish worth prediction, forecasting that Dogecoin might attain new all-time highs quickly.
Dogecoin Price Breaks Out Of Bullish Chart Sample
In an X (previously Twitter) post on Friday, Grasp Kenobi, a distinguished crypto analyst, offered a technical analysis of Dogecoin utilizing historic information and technical patterns to forecast the meme coin’s future worth. The analyst’s chart reveals a Symmetrical Triangle, a bullish sample usually showing when two converging development traces meet.
In line with Grasp Kenobi, Dogecoin has not too long ago damaged out of this Symmetrical Triangle, signaling a possible for a strong bullish move within the breakout path. The purple threshold highlighted on the analyst’s Dogecoin worth chart reveals the meme coin’s subsequent key resistance degree at $0.56.
Reaching a worth past this resistance space at $0.44 means that Dogecoin will seemingly attain an all-time excessive of $0.74 as its final goal. Furthermore, Grasp Kenobi revealed that Dogecoin’s latest breakout from its Symmetrical Triangle occurred three days earlier than Trump’s Presidential inauguration on January 20, 2025.
Primarily based on this timeline, Grasp Kenobi believes Dogecoin could hit a new ATH in three days, skyrocketing from its market worth of $0.39 to $0.74. This appreciable worth surge presents a large 89.7% improve from present costs. Trying on the chart, the analyst additionally indicated that Dogecoin’s projected surge will probably be gradual, probably surging previous $0.44 to achieve a brand new resistance degree at$0.56 after which rising to an ATH worth degree of $0.74.
Though Grasp Kenobi has maintained confidence in his bullish Dogecoin worth projection, he additionally acknowledges the inherent uncertainty in his price predictions, advising buyers to stay versatile of their methods and maintain their opinions.
Regardless of Dogecoin’s recent bullish performance forward of Trump’s inauguration, the analyst’s technical evaluation stays speculative and emphasizes the volatility of the crypto market. However, the Dogecoin price is rising exponentially, leaping by 18.8% earlier this week and retesting the $0.4 psychological degree.
Analyst Says Dogecoin Bull Run Incoming
In line with distinguished crypto analyst Dealer Tardigrade, Dogecoin’s trend pattern in 2017 intently mirrors its present motion. The analyst has shared a chart offering a comparative evaluation of Dogecoin’s worth motion in 2017 and its projected motion in 2025.
Each Dogecoin charts present a prolonged period of price consolidation after attaining vital native peaks. In each 2017 and 2025, Dogecoin skilled long-term downward strain, constructing help close to the horizontal blue line within the chart.
Moreover, the charts present a downward-sloping purple trendline forming throughout Dogecoin’s consolidation part. Primarily based on Dealer Tardigrade’s evaluation, if Dogecoin can break above this trendline, it might sign the beginning of a massive bull run, probably pushing the value of the meme coin above $3 and marking a brand new ATH.
Featured picture from Enterprise Insider, chart from TradingView
