Dogecoin’s Bullish Cycle Tells Us When We’ll See a New All-Time
Based on the long-term trajectory of Dogecoin (DOGE), the DOGE price has the tendency to produce a new all-time high every 3 to 4 years. Therefore, this pattern can help us predict DOGE's price moving forward.
Dogecoin Bullish Cycle
Based on this cyclical model, we can expect Dogecoin to reach a new all-time high anywhere between 2024 and 2025. From January 2014 to January 2018, we had the first bullish cycle which lasted 4 years. And from January 2018 to April 2021, we had the second bullish cycle lasting 3 years.
Between each all-time high, DOGE's price tends to consolidate in never-ending ranges that have sudden bursts in the price that are quickly reversed.
These consolidations have lasted a minimum of 156 weeks before DOGE broke above the previous all-time high.
All things considered, we don't know for sure how DOGE's price will perform compared to the previous cycles, but we have a rough estimate of what we can expect moving forward.
Looking forward: The bottom of this consolidation can be established at the $0.05 considerable round number. This level is significant because when the price broke above it in April 2021, it led to Dogecoin hitting a new all-time high.
Dogecoin Bullish Cycle
Based on this cyclical model, we can expect Dogecoin to reach a new all-time high anywhere between 2024 and 2025. From January 2014 to January 2018, we had the first bullish cycle which lasted 4 years. And from January 2018 to April 2021, we had the second bullish cycle lasting 3 years.
Between each all-time high, DOGE's price tends to consolidate in never-ending ranges that have sudden bursts in the price that are quickly reversed.
These consolidations have lasted a minimum of 156 weeks before DOGE broke above the previous all-time high.
All things considered, we don't know for sure how DOGE's price will perform compared to the previous cycles, but we have a rough estimate of what we can expect moving forward.
Looking forward: The bottom of this consolidation can be established at the $0.05 considerable round number. This level is significant because when the price broke above it in April 2021, it led to Dogecoin hitting a new all-time high.