Dogecoin Preparing to Explode? Prediction to Rise to $10 and New ATH is Very Close

In a post on X, DOGECAPITAL stated that the price of Dogecoin could rise to $10 based on historical cycle patterns. He noted that in Cycle 3, which is the current cycle, DOGE has surpassed significant price thresholds and is currently approaching the $0.30 range once again. The analyst suggests that if this pattern continues, a decisive breakout above this threshold could trigger the next parabolic bullish phase. This prediction was made when DOGECAPITAL revealed that the monthly price chart of Dogecoin shows a repeating pattern in price fluctuations through each major cycle. He also noted that in each cycle, the bullish momentum tends to explode as the price of DOGE approaches the intersection of the green line and the red line. This analyst further stated that a parabolic rise usually occurs after the price crosses above the yellow line.

DOGECAPITAL notes that, in Cycle 1, the price of Dogecoin skyrocketed by 9,221% almost immediately after crossing the green/red line intersection. Meanwhile, in Cycle 2, a similar setup led to a parabolic rise of over 24,617% for this meme coin after yet another intersection. Now, in Cycle 3, DOGE has crossed the green and red lines and is looking to break through the yellow line to achieve a parabolic rise above 10 dollars. DOGECAPITAL states that historically, each bullish phase has outperformed the previous one. He refers to factors such as increasing adoption, lower inflation, growing institutional interest, and ongoing technological advancements as factors that could trigger a stronger rise in this cycle compared to previous cycles. A Protest Towards a New ATH is About to Happen In a post on X, cryptocurrency analyst Kevin Capital suggested that Dogecoin is about to reach an all-time high (ATH). He noted that the monthly Stoch RSI crossovers of DOGE during bear and bull markets have created very predictable price action in the past. The analyst added that if the macro environment continues to stabilize as it is now, the price will remain predictable, implying a bullish trend. Kevin Capital notes that the factors that need to align are not only from a technical analysis perspective but also relate to monetary policy expectations and macroeconomic data. Fundamentally, it is also worth noting that the first spot Dogecoin ETF could launch this week after Rex-Osprey hinted at the launch last week.