Dogecoin Completes First Price Surge Phase Similar to 2021

Cryptocurrency analyst KrissPax has revealed that the price of Dogecoin has completed the first phase of the price increase, similar to what happened in the 2021 bull run. This analyst also provides more detailed information on what is about to happen next for Dogecoin. Dogecoin Completes First Price Increase Phase In the post on X, KrissPax mentioned that the price of Dogecoin has completed the first phase of this bull run, similar to the price increases in 2021 and 2017. He noted that previous cycles have seen two additional price increase phases with significant percentage gains. Based on this, Dogecoin may experience two more price increase phases before reaching the peak of this market cycle.

Cryptocurrency analyst calls for patience with Dogecoin's price as it dips slightly, may wait until the next phase of increase begins. Cryptocurrency analyst Ali Martinez also mentioned how Dogecoin will test the patience of market participants in this parabolic price surge. He further stated that, like in 2017 and 2020, the TD Sequential has signaled a sell, which could lead to a short-term correction before the price surge continues. Meanwhile, in a previous analysis, KrissPax provided detailed information on the price level that Dogecoin could reach in this market cycle and at which point it could mark a local peak for the remaining price increases. The cryptocurrency analyst predicts that Dogecoin could reach $3 in this price surge. However, he noted that the first milestone is for DOGE to reach $1. Therefore, the next phase could push Dogecoin's price to $1. When that happens, the next phase could be a price increase to $3, as KrissPax predicted. However, Martinez's chart shows a channel that could push DOGE's price up to $14 if it reaches the upper boundary of the channel. The channel's average line pushes Dogecoin up to just over $1.5 Almost Time for the Next Leg Cryptocurrency analyst Kevin Capital believes that it is almost time for Dogecoin to enjoy its next upward momentum. In a post on X, he declared that Dogecoin has consolidated long enough and this meme currency has also reset some key indicators on the daily time frame. Therefore, he believes that Dogecoin will start to rise higher. Cryptocurrency analyst also added that the next segment will give market participants a good idea of the macro peak for the future Dogecoin price. Cryptocurrency analyst Master Kenobi believes that the next segment of Dogecoin will come unexpectedly. In a post on X, he said when that happens, it will happen quickly.

The accompanying chart shows that the price of Dogecoin will surpass the current all-time high (ATH) in the next price increase and rise to $1.08. At the time of writing, Dogecoin is trading at around $0.42, up over 5% in the past 24 hours, according to data from CoinMarketCap.