Crypto
analyst
Trader
Tardigrade
has
provided
insights
into
the
Dogecoin
(DOGE)
future
trajectory.
Based
on
his
analysis,
the
foremost
meme
coin
could
soon
enjoy
a
god
candle,
sending
its
price
to
unprecedented
heights.
Dogecoin’s
Massive
Rally
Will
Send
It
To
$7.5
Trader
Tardigrade
predicted
in
an
X
(formerly
Twitter)
post
that
Dogecoin
will
rise
to
as
high
as
$7.5
when
it
makes
its
“huge
surge.”
He
made
this
prediction
while
revealing
that
the
meme
coin
had
formed
a
triangle
consolidation,
which
is
the
last
phase
of
consolidation
before
Dogecoin
made
that
massive
move
to
the
upside.
Related
Reading
X
The
crypto
analyst
also
revealed
that
these
triangle
consolidations
have
formed
in
every
market
cycle
and
usually
occur
just
before
Dogecoin
enjoys
a
parabolic
rally.
Trader
Tardigrade
has
been
bullish
on
DOGE
for
a
while
now
and
has
continued
to
lay
out
bullish
narratives
for
the
meme
coin.
In
one
of
his
previous
X
posts,
he
highlighted
a
ladle
pattern,
which
he
claimed
has
always
formed
for
the
meme
coin
in
every
cycle.
He
mentioned
that
“the
bowl”
was
ready
and
was
almost
time
for
the
shaft.
The
chart
he
shared
showed
that
Dogecoin
could
rise
above
$2
once
the
shaft
had
formed.
X
In
another
post,
Trader
Tardigrade
highlighted
a
parallel
channel
that
Dogecoin
usually
follows.
He
then
claimed
that
the
meme
coin’s
next
move
would
be
“huge”
while
revealing
that
DOGE
had
left
the
lower
support
line
of
the
current
channel.
Based
on
the
chart
he
shared,
Dogecoin
could
rise
to
$12
when
that
move
happens.
X
Meanwhile,
Trader
Tardigrade
isn’t
the
only
analyst
who
has
alluded
to
Dogecoin’s
historical
patterns
to
predict
the
meme
coin’s
future
trajectory.
Crypto
analyst
Javon
Marks
recently
predicted
that
Dogecoin
could
rise
to
as
high
as
$17
based
on
its
historical
breakout
trend,
in
which
the
meme
coin
always
enjoys
a
larger
run
in
every
subsequent
bull
run.
Dogecoin
Current
Outlook
Despite
the
bullish
predictions
made
by
these
analysts,
Dogecoin
seems
to
have
a
bearish
sentiment
around
it
at
the
moment.
Crypto
analyst
Kevin
(formerly
Yomi
OG)
revealed
that
DOGE
has
lost
all
of
its
daily
moving
averages,
which
he
noted
is
a
“very
bad
sign”
for
Dogecoin
in
the
short
to
medium
term
if
it
cannot
reclaim
these
moving
averages.
Related
Reading
X
The
crypto
analyst
added
that
Dogecoin
had
made
a
lacklustre
bounce
after
tapping
the
golden
pocket
down
at
$0.11.
For
now,
he
claimed
that
the
point
of
interest
is
Dogecoin
climbing
above
$0.132
and
that
it
would
need
to
hold
above
the
range
between
$0.10
and
$0.11
should
the
meme
coin
go
lower.
At
the
time
of
writing,
Dogecoin
is
trading
at
around
$0.12,
down
in
th
last
24
hours,
according
to
data
from
CoinMarketCap.
bulls
struggle
with
market
|
Source:
DOGEUSDT
on
Tradingview.com
Featured
image
created
with
Dall.E,
chart
from
Tradingview.com
Go to Source
Author: Scott Matherson
