This popular analyst remains a Dogecoin (DOGE) holder and expects a new ATH soon: details

TL; DR

Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns. Some important indicators such as the Relative Strength Index (RSI) also indicate future growth.

Not selling a single coin

The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – It performed very well last week, posting a 7 percent price increase. Although in the last few days, it disappeared for a short time of Momentum, the price is falling back to around $0.12 before increasing again to $0.13 (CoinGecko data).

According to popular X user Ali Martinezeven ifThose price swings are part of a bullish path that could take DOGE to new all-time highs in the coming months. He It is mentioned Memcoin consolidated in a descending triangle in 2016 and 2021, followed by a triple-digit price rally. The situation looks very similar now, with Ali Martinez expecting a similar raise in the near future.

“Dogecoin is playing a pattern we've seen before. It wraps up in a descending triangle, sees a rally from 140% to 230% and swings from 56 to 60% before entering a bull run.

The trader admitted that he is buying more DOGE tokens of late rather than parting with a single one.

Other analysts who see a bright future for MemCoin include X User Mags and KALEO. The previous one was damaged in the last month Making a claim As soon as the storage phase is over and It may be soon It follows a “parabola” level that can push the price above $1.

KALEO argued that DOGE had the “mysterious” power of moving sideways for long periods of time, followed by “rapid, vertical growth.” The analyst went further Even More than Bitcoin (BTC).

This metric shows improvement

The DOGE Relative Strength Index (RSI) also suggests an upcoming rally. It measures the change and speed of price movements, ranging from 0 to 100. A ratio above 70 indicates that a correction is imminent, while lower points hint at a bullish trend. Currently, RSI It stops At 50.

It's worth noting that the benchmark hovered roughly in the same zone when the DOGE price jumped above $0.22 in late March and early April.