Crypto analyst Crypto Patel predicted that DOGE price could surge as high as $2, marking a new absolute record (ATH) for Dogecoin. He also highlighted the best accumulation zones for the leading coin even as it seeks to reclaim the psychological $0.10 level.
Dogecoin Chart Shows DOGE Price Climbing to $2
In a MessageCrypto Patel said that the Dogecoin 2-week chart shows that the price of DOGE could one day reach $2 and that it is all just a game of patience. The accompanying chart shows that the leading coin could reach this price target during the fifth wave of a 5-wave upward move. The chart also shows that DOGE could reach this level by 2027, potentially marking another crypto bull market.
Crypto Patel noted that history does not repeat itself but rhymes, with the same fractal, the same accumulation and the same disbelief. He added that the best accumulation area for Dogecoin is between $0.09 and $0.07. The target is a DOGE price rise to $0.5, $1, and $2. Meanwhile, the analyst said that the stop-loss is the highest period closed below $0.048.
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In another Messagethe analyst doubled down on his Dogecoin prediction, stating that nothing will stop the price of DOGE from rising back to between $1 and $2 when the coin season begin. Its attached chart highlighted $0.28 as the first target for the meme coin as it eyes this rally to $2.
Crypto analyst CW also predicted that DOGE price could reach a new all-time high above $1. This happened as he noted that a golden cross for the main coin is imminent and it is located on the bottom line of the rising channelwhich is the starting point of a gathering. The accompanying chart shows that the meme coin could reach $1.7 this year.
Analysis of current price action
In a Messagecrypto analyst Julia noted that DOGE price on higher timeframes is in a state of strong oversold with convergence, which is a long signal, as well as a test of extended support. She also revealed that on the daily time frame, it is a classic technical analysis, with a descending trianglewhich has a statistical tendency to collapse downwards.
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The analyst added that DOGE price is sitting on support with several tests and the key breakdown level is around $0.09. She noted that there is a high chance of a decline and it will be very interesting to see how that happens. Dogecoin Price Action develops. However, despite the short signal issued daily, it revealed that it is adopting a long-term buying orientation.
At the time of writing, Dogecoin price is trading at around $0.093, up more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Freepik, graphic from Tradingview.com
