Market analyst Ali Martinez believes that Dogecoin could experience a 700% upswing as early as next week if historical cyclical patterns hold true. Despite recent gains, Dogecoin lags behind assets like XRP and Cardano in terms of price performance. However, Martinez suggests that Dogecoin could see exponential growth starting next week, based on the cryptocurrency market's tendency to mirror previous price actions in a cyclical pattern. Martinez points to Dogecoin's previous uptrend in January 2021, following a significant correction, as a potential indicator for future growth. Analyst Trader Tardigrade also supports the bullish momentum for Dogecoin, noting a breakout from a falling wedge pattern and the coin's relative strength index (RSI) indicating strong momentum. While Martinez suggests ambitious price targets ranging from $4 to $23, Trader Tardigrade hints at a potential break to $2. At present, Dogecoin is trading at $0.3808.



Other News from Today