This Dogecoin Chart Formation Could Send It Soaring Past $1

Investors have been withdrawn to Dogecoin (Doge). This time, analysts have found a pattern that could send the famous Mimi currency after the long -awaited mark has passed.

Dodge It reached its highest level at $ 0.74 during the 2021 bull race, but since it has had difficulty returning to this level. But now, a market expert believes that the past may be about to happen again, this time with greater gains.

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A pattern indicates rapid growth

Chandler, an encryption analyst, says Dogecoin has followed a familiar course since December 2023. The course contains three main parts: the outbreak of the highest new levels, a brief decline, then a sharp recovery that exceeds the previous peak. This style has already happened twice, and if that happens again, Dog may be about to get a great recovery.

The latest height of $ 0.85, followed by a decline, indicates that the next step can drive Dogecoin to an estimated $ 1.80 – profit more than 112 % of the last peak.

Although price patterns do not guarantee future performance, the history of Dogecoin for explosive communities fed by noise, speculation and retail enthusiasm makes such a scenario reasonable.

During the past year, every rise is higher $ Doge Made was 112 % higher than before. 112 % over the last upper part puts us at $ 1. pic.twitter.com/al8d86GQ0

– Chandler (@chandlessarts) January 26, 2025

Feelings of the market and the psychological barrier 1 dollars

Overcoming one dollar has long been a psychological and technological obstacle against Dukwin. Although there is a lot of excitement and great support from people who love Elon MuskThe previous effort in 2021 did not succeed.

However, the conditions for another penetration seem to be developing the continuous success of Bitcoin and the momentum that altcoins gets.

Feelings It is an important factor in Dogecoin fluctuations. Last year, Dog achieved about 200 %, exceeding 110 % of Bitcoin. It is not possible to imagine the possibility of exceeding $ 1, but it may happen sooner than most individuals expect whether this outstanding performance is continuing.

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Caution in the midst of noise

Historical patterns can provide useful visions, but they are not completely reliable. The price of Dogecoin remains very volatileForeign changes such as macroeconomic conditions, organizational changes, and larger market trends can all have an impact on their movement.

Investors interested in participating in potential penetration should be careful when evaluating the risks. The profits can be large, but the decline can be rapidly on equality due to the speculative Dogecoin nature.

However, the coming months may be a pivotal moment for the original Mimi coin, and Dog’s scheme indicates the signs of life and the approach of the $ 1 barrier.

At the time of writing this report, Dog was trading at $ 0.2671, With an increase of 5.7 % and 2.8 % In daily and weekly frames.

Distinctive image from Gemini Imagen, the tradingvief chart