DOGE News: Crypto Analyst Predicts New All-Time Highs for Dogecoin

A leading crypto analyst has provided an in-depth analysis of Dogecoin’s price potential, hinting at a similar trajectory to its 2017 bull run. Here’s what you need to know.

Dogecoin Master Plan For New ATHs: Analysis Suggests New Highs Ahead

Crypto analyst Master Kenobi has analyzed Dogecoin’s price potential, alluding to a similar crash that occurred in the 2017 bull run. He asserts that Dogecoin cannot close below its all-time high of $0.73 and predicts that it is ready to reach new highs. In the 2017 cycle, DOGE dropped 84% after the first phase of its bull run over 112 days, followed by an equally long pump phase. Master Kenobi notes that in this market cycle, Dogecoin has declined less severely, hinting at a potential rally.

Dogecoin Set For A Rally To New All-Time Highs

Dogecoin has been under bearish pressure for weeks but is now showing signs of recovery. Crypto expert Master Kenobi predicts a major rally for the meme coin, forecasting a move to an all-time high in the short term. With Doge maintaining critical support levels and buying pressure, analysts believe the impending recovery phase could spur the anticipated rally.

Dogecoin Price Forecast: Bearish Trend Continues Despite Musk’s Support

Dogecoin (DOGE) price is extending its decline, trading around $0.19 on Tuesday after falling nearly 17% the previous day. The recent correction in DOGE has triggered a wave of over $20 million in liquidations in the last 24 hours and more than $100 million last week. The technical outlook and long-to-short ratio suggest a further pullback targeting the $0.14 mark.