We presented this idea 2 months ago but maybe this way it is visually easier to understand.
Dogecoin's (DOGEUSD) failure to post a new All Time High (ATH) during its last Bull Cycle (2023 - 2024) resembles XRP's (XRPUSD) identical ATH failure during its 2019 - 2021 Bull Cycle.
In fact, the whole macro multi-year structure among the two are similar with DOGE 'lagging' behind XRP around 3.5 years in price action. Of course this is not a real lag but the pattern's are indeed almost identical.
It remains to be seen if Doge eventually finds now Support but since February it has stabilized and may turn sideways for the rest of the Bear Cycle just like XRP did in June 2022 and spent the remaining 6 months of the Bear Cycle consolidating. Let's not forget that DOGE also bottomed in June 2022 before Bitcoin and the general crypto market during its 2021 - 2022 Bear Cycle and didn't basically had a sustainable rally before 2024.
If the pattern gets repeated exactly like XRP, then Doge can reach $1.00 by mid to late 2028.
Notice also how DOGE's 2018 - 2020 Cycle resembles XRP's 2014 - 2016 Cycle and the massive parabolic rallies that followed on both have been identical.
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Dogecoin's (DOGEUSD) failure to post a new All Time High (ATH) during its last Bull Cycle (2023 - 2024) resembles XRP's (XRPUSD) identical ATH failure during its 2019 - 2021 Bull Cycle.
In fact, the whole macro multi-year structure among the two are similar with DOGE 'lagging' behind XRP around 3.5 years in price action. Of course this is not a real lag but the pattern's are indeed almost identical.
It remains to be seen if Doge eventually finds now Support but since February it has stabilized and may turn sideways for the rest of the Bear Cycle just like XRP did in June 2022 and spent the remaining 6 months of the Bear Cycle consolidating. Let's not forget that DOGE also bottomed in June 2022 before Bitcoin and the general crypto market during its 2021 - 2022 Bear Cycle and didn't basically had a sustainable rally before 2024.
If the pattern gets repeated exactly like XRP, then Doge can reach $1.00 by mid to late 2028.
Notice also how DOGE's 2018 - 2020 Cycle resembles XRP's 2014 - 2016 Cycle and the massive parabolic rallies that followed on both have been identical.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
💰Join TradingShot Account Management | +20% monthly profit | Min. capital $30k | Excellent risk-management
💰Join TradingShot Account Management | +20% monthly profit | Min. capital $30k | Excellent risk-management
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.