DOGE Price Set for 4,259% Surge? Expert Reveals Bullish “Doge Circle” Theory
The post DOGE Price Set for 4,259% Surge? Expert Reveals Bullish “Doge Circle” Theory appeared on BitcoinEthereumNews.com.
According to analysts, DOGE is poised for a surge, with projections indicating a 4,259% increase to $8, which would establish a new all-time high for the memecoin. Dogecoin reached its all-time high of $0.7376 in May 2021, exactly eight years after its launch by Billy Markus. In a recent analysis, crypto strategist Trader Tardigrade identified a recurring pattern in Dogecoin’s (DOGE) price movements, suggesting the potential for a substantial rally. According to Tardigrade, Dogecoin’s macro chart follows a circular structure referred to as the “Doge Circle,” that has consistently influenced its price movements across multiple market cycles. This pattern has played a role in determining key support levels and major rallies. Dogecoin has historically rebounded whenever it touched the lower boundary of this circle, making it a critical support zone since 2015. In the first cycle in 2015, DOGE rebounded around $0.0001earlier in the year before surging from $0.0004 to $0.0041 in April 2017. The second cycle saw DOGE bouncing at $0.0012 in March 2020 and $0.0024 in November 2020, leading to its all-time high of $0.7488 in May 2021. In the third and ongoing cycle, DOGE surged to $0.4846 in November 2024 after rebounding from the same support zone. Most recently, the meme coin touched the Doge Circle’s lower boundary during its drop to $0.1432 before recovering 26% to $0.1822. These consistent rebounds suggest that Dogecoin may be gearing up for another rally in line with past market cycles. Currently, DOGE has just exited the oversold zone and is projected to reach the overbought zone, estimated between $8 and $10. This projection implies a potential 4,259% increase from its current price levels. Market Performance As Crypto News Flash recently reported, Dogecoin (DOGE) has officially broken out of its three-month downtrend, injecting fresh confidence into the market. Analysts predict a…
Filed under: News - @ March 29, 2025 9:28 am