Dogecoin Restarts Falling Wedge Pattern, Potential Rise to $10

Bittime - Recent analysis by Trader Tardigrade shows a bullish pattern in the price of Dogecoin that is similar to what occurred in the previous bull cycle. Based on this pattern, there is a chance that this popular meme coin could surge to $10.

Falling Wedge Pattern on Dogecoin

In an upload on the X platform, Trader Tardigrade revealed that the price of Dogecoin has formed a falling wedge pattern on the monthly chart. He added that a parabolic movement is expected to occur after the breakout of the falling wedge pattern. The accompanying chart shows the potential for Dogecoin to reach $10 when a parabolic move begins.

Dogecoin has experienced similar parabolic movements in the 2017 and 2021 bull runs, where the breakout of this falling wedge pattern took Dogecoin prices to an all-time high (ATH) of $0.73.

Ascension Predictions by Other Analysts

Dima James, a crypto analyst, also hinted at the possibility of Dogecoin's price skyrocketing to $10. He predicts DOGE's recovery will continue until 2025. Interestingly, he mentions that Dogecoin could even reach above $10, even as high as $36, although Dogecoin adoption will play an important role in driving this price.

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On the other hand, Master Kenobi, an analyst who predicted the start of Dogecoin's bull run, mentioned that the price could experience a significant spike ahead of the US presidential election on November 5. However, if this does not happen, he predicts Dogecoin will consolidate for around 30 days before experiencing the next price breakout.

Potential Upside to $0.22

Crypto Daily analysts project that the next price breakout will take Dogecoin to the $0.22 level. He noted that although many investors are in a state of panic regarding Dogecoin, the meme coin has formed a significant cup-and-handle pattern on the daily chart, which dates back to June 2024. He added that the handle part of the pattern has a support level at $0.15 , and Dogecoin is expected to bounce from this level to reach $0.22.

Ali Martinez also provided insight into Dogecoin's next price movement. He estimates that if Dogecoin manages to break through the $0.169 resistance level, the price could jump up to 27% towards $0.209. He referred to DOGE's historical patterns and predicted that the meme coin could experience a parabolic bull run this month.

Kevin Capital, a Dogecoin analyst at With various predictions emerging, attention is now focused on Dogecoin's next steps in the cryptocurrency market.

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