Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say

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Notably, Dogecoin is now in its third market cycle, and price dynamics in the current cycle have already shown different repetition signs from the two previous cycles.  Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes According to crypto analyst ÐOGECAPITAL (@DimaPotts36), Dogecoin’s price history has a striking cycle pattern that repeats approximately every 1,442 days.

At that time, Dogecoin was still regarded as little more than a joke coin, with only speculative trading from early investors driving its price action.  The bear market low was recorded at $0.00125, but as the crypto market entered a euphoric bull phase in 2021, Dogecoin became one of the biggest winners of the meme coin craze, as it went on a 54,890% increase from its cycle low.

This pattern of 1,442 days is the average time taken for the Dogecoin price to reach its final peak of each cycle when counting from the bear market low.  The first cycle, which spanned between 2013 and 2018, saw DOGE rally by 21,821% from its cycle low to its peak.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Meme coin Dogecoin price Dogeusdt Doge Dogeusd DOGE news Dogecoin news DOGECAPITAL Dogecoin Doge price

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Article Type: News Report

Published On: 2025-02-06 @ 00:30:10 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 502 words

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Copyright Owner: © NewsBTC

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