Dogecoin Price Could Soar To $23 Based On These Bullish Fractals

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,097,998,594,125	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

2,097,998,594,125

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,797.65	1.72%	106,218.61	106,224.81	106,239.09

Price Change

Price Change %

Current Price

Bid Price

Offer

1,797.65

1.72%

106,218.61

106,224.81

106,239.09

High Price	Low Price	Open Price	Prev. Close	52 Week Range
106,314.44	103,418.75	104,335.91	104,420.96	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

106,314.44

103,418.75

104,335.91

104,420.96

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	21:00:07	0.009000	106,216.28	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

21:00:07

0.009000

106,216.28

USD

Price x Volume	Volume	Base Symbol	Related Pairs
940,633,897.37	8,971.33	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

940,633,897.37

8,971.33

Dogecoin Price Could Soar To $23 Based On These Bullish Fractals

29/12/2024 4:30pm

NEWSBTC

The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 on December 20. However, the meme coin appears to have stabilized just above the $0.3 mark. Interestingly, this price level might only serve as a springboard for the price of Dogecoin to new highs, according to a prominent crypto analyst on the social media platform X. The expert believes that the value of the meme coin could skyrocket to as high as $23. Is DOGE Price Gearing For A 7,500% Rally? In a new post on the X platform, crypto analyst Ali Martinez revealed that the Dogecoin price might be primed for a bullish breakout. This projection is based on the return of a price pattern (fractals) in the DOGE weekly chart, with the pundit suggesting that the token could rally to a new all-time high of $23. Related Reading: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast For clarity, fractals are repeating patterns in price charts that can help predict future price movements for a particular cryptocurrency. As shown in the chart below, the Dogecoin price has been in a recurring descending triangle pattern on the weekly timeframe since as far back as 2014. This bullish fractal has occurred multiple times in the past, with the Dogecoin price embarking on a positive run after breaking out of the consolidation range. Martinez highlighted that the price of DOGE broke out of the fractal in 2017, reaching a then-all-time high of $0.01877. Similarly, the Dogecoin price broke out of the descending triangle in 2021, skyrocketing to the current all-time high of $0.7 during the previous bull cycle. Most recently, the meme coin has just broken out of this historical fractal. With the current setup on the weekly chart, the price of DOGE looks set for a bullish explosion in the coming year. According to Martinez, the largest meme coin could travel as high as the $23 mark over the next few months, representing a 7,500% rally from the current price point. Dogecoin Price At A Glance As of this writing, the price of DOGE sits just above the $0.32 mark, reflecting a 2.5% increase in the past day. Nevertheless, this positive single-day performance has not been enough to move the meme coin into profit on the weekly timeframe. Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’ According to data from CoinGecko data, Dogecoin still ranks as the largest meme coin and the seventh-largest cryptocurrency in the sector, with a market capitalization of around $47.4 billion. Featured image from iStock, chart from TradingView

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