Analyst Says Dogecoin Has Entered Another Bull Cycle, Puts Price Above $20

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Analyst Says Dogecoin Has Entered Another Bull Cycle, Puts Price Above $20 - NewsBTC

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The crypto analyst made this ambitious prediction while noting that DOGE has recorded larger runs in every successive cycle. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 As such, Marks asserted that Dogecoin could witness a 60x price increase or more from here and rally above $20 if history repeats itself.

The crypto analyst also alluded to Donald Trump’s inauguration on January 20 as a catalyst that could spark this price breakout. Higher Prices Are Expected In an X post, crypto analyst Kevin Capital asserted that higher prices are expected as long as Dogecoin is above $0.26 and trading in a bullish falling channel, which he highlighted in his accompanying chart.

The analyst also predicted how high the foremost meme coin could rally in this bull phase. Dogecoin To Rally Above $20 As It Enters New Bull Cycle In an X post, Javon Marks predicted that Dogecoin could rally above $20, seeing as it looks to be in another bull cycle.