NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Dogecoin Price Could Soar To $23 Based On These Bullish Fractals

Opeyemi Sule
Opeyemi Sule
Last Updated: December 29, 2024 4:30 pm
2 mins read
Dogecoin

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

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 on December 20. However, the meme coin appears to have stabilized just above the $0.3 mark.

Interestingly, this price level might only serve as a springboard for the price of Dogecoin to new highs, according to a prominent crypto analyst on the social media platform X. The expert believes that the value of the meme coin could skyrocket to as high as $23.

Is DOGE Price Gearing For A 7,500% Rally?

In a new post on the X platform, crypto analyst Ali Martinez revealed that the Dogecoin price might be primed for a bullish breakout. This projection is based on the return of a price pattern (fractals) in the DOGE weekly chart, with the pundit suggesting that the token could rally to a new all-time high of $23.

Related Reading

Bitcoin

Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast

11 months ago

For clarity, fractals are repeating patterns in price charts that can help predict future price movements for a particular cryptocurrency. As shown in the chart below, the Dogecoin price has been in a recurring descending triangle pattern on the weekly timeframe since as far back as 2014.

Dogecoin price
DOGE weekly chart | Source: Ali_charts/X

This bullish fractal has occurred multiple times in the past, with the Dogecoin price embarking on a positive run after breaking out of the consolidation range. Martinez highlighted that the price of DOGE broke out of the fractal in 2017, reaching a then-all-time high of $0.01877. 

Similarly, the Dogecoin price broke out of the descending triangle in 2021, skyrocketing to the current all-time high of $0.7 during the previous bull cycle. Most recently, the meme coin has just broken out of this historical fractal.

With the current setup on the weekly chart, the price of DOGE looks set for a bullish explosion in the coming year. According to Martinez, the largest meme coin could travel as high as the $23 mark over the next few months, representing a 7,500% rally from the current price point.

Dogecoin Price At A Glance

As of this writing, the price of DOGE sits just above the $0.32 mark, reflecting a 2.5% increase in the past day. Nevertheless, this positive single-day performance has not been enough to move the meme coin into profit on the weekly timeframe.

Related Reading

XRP price

Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’

11 months ago

According to data from CoinGecko data, Dogecoin still ranks as the largest meme coin and the seventh-largest cryptocurrency in the sector, with a market capitalization of around $47.4 billion.

Dogecoin price
The price of DOGE on the daily timeframe | Source: DOGEUSDT chart on TradingView
Featured image from iStock, chart from TradingView
Tweet123Share196ShareSend
Opeyemi Sule
Opeyemi Sule

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Read more

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Can DOGE Price Kick Off a New Climb?

Dogecoin (DOGE) Pauses After Gains, Setting Up for a Possible Sharp Move

Dogecoin started a steady increase above $0.1550 against the US Dollar. DOGE is now consolidating and might decline sharply if...

Aayush Jindal 2 days ago
Dogecoin

Dogecoin Falling Wedge Formation Says Expect 80-90% Rally In The Coming Days

Dogecoin (DOGE) is flashing a potential bullish reversal signal as a crypto analyst points to a breakout setup forming on...

Scott Matherson 3 days ago
Dogecoin (DOGE) Dips

Dogecoin (DOGE) Shows Controlled Strength as Traders Eye Key Resistance Above

Dogecoin started a steady increase above $0.150 against the US Dollar. DOGE is now consolidating and might correct lower to...

Aayush Jindal 3 days ago
Load More

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

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin

Dogecoin ETFs Flat At Launch, But TA Points To $1 If This Support Holds

Scott Matherson 11 hours ago
Dogecoin

Can Dogecoin Price Still Reach $10 With The 3rd Wave Deadlock?

Scott Matherson 2 days ago
Dogecoin

Dogecoin Just Suffered An 80% Crash In This Major Metric

Sandra White 2 days ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 と買われるミームコイン:市場動向と最新予測

    ドージコイン 今後...

    6 hours ago
  • リップル 今後:バイナンスのXRP供給が過去最低に下落、3ドル突破の行方は?

    リップル...

    6 hours ago
  • 仮想通貨 プレセール:ソラナ25%回復観測で資金がリスクオンへ流入する可能性

    仮想通貨...

    6 hours ago
  • 仮想通貨 おすすめ:0.0002ドルのバイラル系メームトークンが100倍を狙う理由

    仮想通貨...

    6 hours ago
  • 短期的な調整を経て10万ドル再挑戦の可能性はあるのか

    ビットコイン...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.