Investors are once again becoming drawn to Dogecoin (DOGE). This time, analysts have found a pattern that could send the famous meme coin soaring past the long-awaited $1 mark.
DOGE hit its all-time high of $0.74 during the 2021 bull run, but it has since had a hard time getting back to that level. But now, one market expert thinks that the past might be about to happen again, this time with even bigger gains.
A Pattern That Points To Rapid Growth
Chandler, a crypto analyst, says that Dogecoin has been following a familiar cycle since December 2023. The cycle has three main parts: a breakout to new highs, a brief pullback, and then a sharp rebound that goes above the previous peak. This pattern has already happened twice, and if it happens again, DOGE could be about to have a big recovery.
The most recent high of $0.85, followed by a pullback, suggests that the next move could push Dogecoin to an estimated $1.80—a gain of over 112% from its last peak.
While price pattern
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