This Chart Says DOGE Price Can Surge To $2

Crypto analyst Crypto Patel has predicted that the DOGE price can surge to $2, marking a new all-time high (ATH) for Dogecoin. He also highlighted the best accumulation zones for the leading meme coin even as it looks to reclaim the $0.10 psychological level. 

Dogecoin Chart Points To DOGE Price Rally To $2

In an X post, Crypto Patel stated that the Dogecoin 2-week chart shows that the DOGE price could one day hit $2 and that this is all a patience game. His accompanying chart showed that the leading meme coin could hit this price target during the fifth wave of a 5-wave move higher. The chart also showed that DOGE could reach this level by 2027, potentially marking another crypto bull market. 

Crypto Patel noted that history doesn’t 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 target is a DOGE price rally to $0.5, $1, and $2. Meanwhile, the analyst stated that the stop-loss is the higher-timeframe close below $0.048. 

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In another X post, the analyst doubled down on his Dogecoin prediction, stating that nothing will be able to stop the DOGE price from rallying to between $1 and $2 when the meme coin season begins. His accompanying chart highlighted $0.28 as the first target for the meme coin as it eyes this rally to $2. 

Crypto analyst CW also predicted that the DOGE price could rally to a new all-time high above $1. This came as he noted that a golden cross for the leading meme coin is imminent and that it is located on the lower line of the rising channel, which is the starting point of a rally. His accompanying chart showed that the meme coin could reach as high as $1.7 this year. 

Analysis Of The Current Price Action

In an X post, crypto analyst Julia noted that the DOGE price on higher timeframes is in a strong oversold condition with convergence, which is a long signal, along with a prolonged support test. She also revealed that on the daily timeframe, it is a classic technical analysis, with a descending triangle, which statistically tends to break to the downside. 

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The analyst added that the DOGE price is sitting on support with multiple tests, and that the key breakdown level is around $0.09. She noted that there is a solid chance of a move lower and that it will be very interesting to see how this Dogecoin price action develops. However, despite the short signal on the daily, she revealed she is taking a long bias in the long term. 

At the time of writing, the Dogecoin price is trading at around $0.093, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Freepik, chart from Tradingview.com