has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its when it enjoyed a price gain of 18,000%.
Dogecoin Could Soon Replicate Its 2021 Bull Run
Kevin suggested in an X (formerly Twitter) that Dogecoin could soon replicate its 2021 run when it made a price gain of 18,000%. This came following his statement that DOGE is two to three weeks away from achieving its first weekly golden cross in four years. The analyst noted that the meme coin went “parabolic” for six straight months and enjoyed a price rally of 18,000% the last time this happened in 2021.
Crypto analysts like Javon Marks have also raised the possibility of Dogecoin replicating its 2021 run and even surpassing it at different points in this market cycle. Marks predicted that the foremost meme coin could enjoy a price rally of over 21,000% in and rise to $17. This prediction is based on Dogecoin’s historical breakout trend, in which the meme coin has enjoyed more significant price rallies in every subsequent bull run.
More recently, Marks stated that Dogecoin’s rise to $0.6533 is only a matter of time and that the meme coin could enjoy a 90% price rally to $1.25. While the analyst’s price prediction of $17 is undoubtedly ambitious since it will give Dogecoin a market cap of about $2.4 trillion, the price target of $1 looks more feasible, and this is a price level that some other analysts, like Altcoin Sherpa, that DOGE can reach.
In the meantime, investors hope that Dogecoin can successfully achieve the Golden Cross and that history will repeat itself. DOGE is well in need of such a move, considering how the foremost meme coin has underperformed in comparison to other major meme coins like , Floki (FLOKI), and Dogwifhat (WIF).
One Last Opportunity To Buy DOGE
recently suggested that investors will have one last opportunity to buy Dogecoin at a discount before it makes its parabolic move. Based on a highlighted on Dogecoin’s chart, she predicts that the foremost meme coin will still drop to as low as $0.08 and possibly $0.05.
However, she is bullish on Dogecoin long-term, stating that the foremost meme coin has a “high chance” of reaching $1 this year. also recently that Dogecoin could drop to as low as $0.08 before it runs to $1.
At the time of writing, Dogecoin is trading at around $0.129, up over 4% in the last 24 hours, according to from CoinMarketCap.