Dogecoin is back in the conversation after analyst Crypto Patel shared a bold long-term chart that suggests the DOGE price may be gearing up for another major move. 

Dogecoin is back in the conversation after analyst Crypto Patel shared a bold long-term chart that suggests the DOGE price may be gearing up for another major move. 

It’s not the usual meme-coin hype; he’s pointing to a repeating structure that has already played out twice – once in 2017, and again in 2021. Both times, the pattern led to massive rallies. Now, he believes the setup is forming for a third time.

It’s not the usual meme-coin hype; he’s pointing to a repeating structure that has already played out twice – once in 2017, and again in 2021. Both times, the pattern led to massive rallies. Now, he believes the setup is forming for a third time.

According to Patel, the Dogecoin price has already completed two key steps: a breakout on the monthly chart and a clean retest of that breakout level. He calls the structure “locked and loaded,” meaning DOGE may be preparing for the next phase of its long-term trend. 

According to Patel, the Dogecoin price has already completed two key steps: a breakout on the monthly chart and a clean retest of that breakout level. He calls the structure “locked and loaded,” meaning DOGE may be preparing for the next phase of its long-term trend. 

His targets are ambitious but based on historical moves, placing the next potential run between $2 and $5, which would be a 10x–33x increase from today’s levels.

His targets are ambitious but based on historical moves, placing the next potential run between $2 and $5, which would be a 10x–33x increase from today’s levels.

The big question, of course, is whether this pattern can actually follow through – or if the DOGE price will fall back into months of sideways action before anything meaningful happens.

The big question, of course, is whether this pattern can actually follow through – or if the DOGE price will fall back into months of sideways action before anything meaningful happens.

What Crypto Patel Sees in DOGE Chart Long-Term Structure

What Crypto Patel Sees in DOGE Chart Long-Term Structure

Patel’s argument centers around the Dogecoin price habit of forming long, multi-year consolidation patterns before exploding upward. 

Patel’s argument centers around the Dogecoin price habit of forming long, multi-year consolidation patterns before exploding upward. 

These triangle structures usually tighten for months, break out, retest, and then enter the parabolic phase. This exact process happened before the 2017 run and again before the 2021 rally.

These triangle structures usually tighten for months, break out, retest, and then enter the parabolic phase. This exact process happened before the 2017 run and again before the 2021 rally.

On his chart, the DOGE price appears to be following the same script. The breakout has already happened, and the retest held perfectly. That zone now serves as a long-term support area, suggesting the structure hasn’t failed – and may even be strengthening.

On his chart, the DOGE price appears to be following the same script. The breakout has already happened, and the retest held perfectly. That zone now serves as a long-term support area, suggesting the structure hasn’t failed – and may even be strengthening.

If the fractal repeats even partially, Patel thinks DOGE has enough momentum potential to make a move toward multi-dollar levels over the next cycle.

If the fractal repeats even partially, Patel thinks DOGE has enough momentum potential to make a move toward multi-dollar levels over the next cycle.

Read Also: XRP Price Correction Not Over Yet? The Backtest Becomes the Key Signal

Read Also: XRP Price Correction Not Over Yet? The Backtest Becomes the Key Signal

Dogecoin Price Prediction

Dogecoin Price Prediction

Looking at the chart provided in the tweet, Dogecoin is sitting comfortably above its breakout zone. This is a good sign for bulls because major trend reversals often start with exactly this type of monthly breakout and retest pattern. 

Looking at the chart provided in the tweet, Dogecoin is sitting comfortably above its breakout zone. This is a good sign for bulls because major trend reversals often start with exactly this type of monthly breakout and retest pattern. 

The next short-term steps for the DOGE price would likely involve reclaiming the $0.30–$0.35 area before attempting a push toward $0.50–$1.00.

The next short-term steps for the DOGE price would likely involve reclaiming the $0.30–$0.35 area before attempting a push toward $0.50–$1.00.

A move above $1 would be the point where sentiment could flip fast. Dogecoin has always been a momentum-driven asset, and once buyers step in aggressively, price tends to accelerate quickly.

A move above $1 would be the point where sentiment could flip fast. Dogecoin has always been a momentum-driven asset, and once buyers step in aggressively, price tends to accelerate quickly.

Soon, the DOGE price may still move sideways as the market stabilizes, but the structure remains bullish as long as the price stays above the breakout trendline. Patel’s high targets aren’t guarantees – but the technical setup is solid, and historically, this is where Dogecoin has kicked off its biggest runs.

Soon, the DOGE price may still move sideways as the market stabilizes, but the structure remains bullish as long as the price stays above the breakout trendline. Patel’s high targets aren’t guarantees – but the technical setup is solid, and historically, this is where Dogecoin has kicked off its biggest runs.

If the market turns risk-on again, DOGE could easily become one of the surprise performers of the next cycle.

If the market turns risk-on again, DOGE could easily become one of the surprise performers of the next cycle.

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The post Is Dogecoin (DOGE) Price Really Setting Up for a 10x–33x Rally? This Analyst Thinks So appeared first on CaptainAltcoin.

The post Is Dogecoin (DOGE) Price Really Setting Up for a 10x–33x Rally? This Analyst Thinks So appeared first on CaptainAltcoin.