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Breaking News: Cantor Fitzgerald Projects Major Growth For Hyperliquid (HYPE) In Explosive New Report

Dogecoin Price Completes First Bull Phase Similar To 2021, Here’s What Comes Next

Scott Matherson
Scott Matherson
Last Updated: November 30, 2024 4:30 pm
3 mins read
Dogecoin

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Crypto analyst KrissPax has revealed that the Dogecoin price has completed the first part of its bull phase, similar to what happened in the 2021 bull run. The analyst further provided insights into what is to come next for Dogecoin. 

Dogecoin Price Completes First Bull Phase

In an X post, KrissPax mentioned that the Dogecoin price has completed its first up-phase this bull cycle, similar to the 2021 and 2017 bull runs. He noted that those previous cycles recorded two additional up-phases with huge percentage gains. Based on this, Dogecoin could record two more up-phases before its price tops in this market cycle. 

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Dogecoin price 1
Source: X

The crypto analyst called for patience with the Dogecoin price while it chops sideways a bit, possibly until the next leg of the up-phase begins. Crypto analyst Ali Martinez also mentioned how Dogecoin would test market participants’ patience in this parabolic run. He added that, just like in 2017 and 2020, the TD Sequential has shown a sell signal, which could lead to a brief correction before the bull rally continues. 

Meanwhile, in a previous analysis, KrissPax provided insights into how high the Dogecoin price could reach in this market cycle and what levels could mark the local tops for remaining up-phases. The crypto analyst predicted that Dogecoin could reach $3 in this bull run. However, he said the first step is for DOGE to reach $1. 

Therefore, the next up-phase could lead the Dogecoin price to $1. Once that is done, the next up-phase could be a rally to $3, as KrissPax predicted. However, Martinez’s chart showed a channel that could lead DOGE to rally to as high as $14 if it gets to the upper boundary of the channel. The median of the channel puts Dogecoin just above $1.5. 

Almost Time For The Next Leg Up

Crypto analyst Kevin Capital suggested that it is almost time for the Dogecoin price to enjoy its next leg up. In an X post, he stated that Dogecoin has consolidated long enough and that the meme coin has also reset some key indicators on the daily time frame. In line with this, he believes Dogecoin will start heading higher. 

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The crypto analyst added that the next leg will give market participants a good idea of the macro top for the Dogecoin price down the line. Crypto analyst Master Kenobi suggested that the next leg for Dogecoin will come unexpectedly. In an X post, he said that when it happens, it will happen fast. 

Dogecoin price 2
Source: X

His accompanying chart showed that the Dogecoin price will break above its current all-time high (ATH) on its next leg up and rally to as high as $1.08. 

At the time of writing, the Dogecoin price is trading at around $0.42, up over 5% in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com
DOGE price pushes above $0.43 again | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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