Crypto analyst Crypto Patel has predicted that DOGE price could rise to $2, marking a new level all-time high (ATH) for Dogecoin. He also highlighted the best accumulation zones for the leading meme coin, even as it appears to be regaining the psychological level of $0.10.
Dogecoin Chart Points to DOGE Price Rise to $2
In one X messageCrypto Patel stated that the Dogecoin 2-week chart shows that the DOGE price could reach $2 at some point and that this is all a patience game. Its accompanying chart showed that the leading meme coin could reach this price target during the fifth wave of a five-wave move higher. The chart also showed that DOGE could reach this level by 2027, which could potentially mark a new level crypto bull market.
Crypto Patel noted that history does not repeat itself, but rhymes, with the same fractal, the same accumulation and the same disbelief. He added that the best accumulation zone for Dogecoin is between $0.09 and $0.07. The goal is a DOGE price rally to $0.5, $1 and $2. Meanwhile, the analyst stated that the stop-loss is the higher time frame which is below $0.048.
Related reading
In another X messagethe analyst doubled down on his Dogecoin forecast and stated that nothing will stop the DOGE price from rising to between $1 and $2 when the meme coin season starts. Its accompanying chart highlighted $0.28 as the first target for the meme coin as it eyes this rally to $2.
Crypto analyst CW predicted it too that the DOGE price could rise to a new all-time high above $1. This came as he noted that a gold cross for the leading meme coin is imminent and that it is located on the bottom line of the coin. the ascending channelwhich is the starting point of a rally. His accompanying chart showed that the meme coin could reach a value of $1.7 this year.
Analysis of the current price action
In one X messageCrypto analyst Julia noted that on higher time frames, DOGE price is in a strong oversold state with convergence, which is a long signal along with a long-term support test. She also revealed that on the daily time frame it is a classic technical analysis a descending trianglewhich statistically tends to go down.
Related reading
The analyst added that DOGE price is supported by multiple tests, and the key breakdown level is around $0.09. She noted that there is a real chance of a decline and that it will be very interesting to see how this will happen Dogecoin price action develops. However, despite the short notice on the daily newspaper, she revealed that she has a long-term bias.
At the time of writing, the Dogecoin price is trading around $0.093, up more than 2% in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Freepik, chart from Tradingview.com