Dogecoin

Spike

<p>Technical analysis is usually carried out by following patterns that an asset or trading instrument has exhibited over time. These have proven helpful over the years, with various experts relying on them to make their price predictions.</p>
<p>One of the patterns emerging bullish patterns is that of Dogecoin. It has been following a predictable price movement from a broader perspective over the years. Dima James Potts noticed this and brought it to the attention of his X followers a few hours ago.</p>
<p><a href="https://x.com/DimaPotts36/status/1855657183683448879" target="_blank" rel="noopener noreferrer nofollow">Potts’ chart discusses </a>the potential for Dogecoin to surpass the $10 mark in the current cycle. He notes his long-standing belief in the <a href="https://www.investtech.com/main/market.php?CountryID=994&amp;p=staticPage&amp;fn=helpItem&amp;tbReport=h_PatIhsBuy#:~:text=An%20inverse%20head%20and%20shoulders%20formation%20is%20a%20bottom%20formation,up%20from%20the%20right%20shoulder." target="_blank" rel="noopener noreferrer nofollow">Inverse Head and Shoulders pattern</a>, which he considers his preferred trading setup.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-polkadot-party-starting-analyst-reveals-his-dot-price-targets/" target="_blank" rel="noopener noreferrer nofollow">Is Polkadot ‘Party’ Starting? Analyst Reveals His DOT Price Targets</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="532" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-1024x532.png" alt="" class="wp-image-580687" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-1024x532.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-300x156.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-766x398.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-1536x798.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-2048x1064.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-289x150.png 289w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-674x350.png 674w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311-788x409.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-311.png 1918w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Potts notes that in previous cycles, Dogecoin has consistently formed this pattern before experiencing substantial rallies. He recalls that in the first cycle, the price surged by over 3,364% after closing the week above a key resistance level marked by a yellow line.</p>
<p>The second cycle saw an even more impressive rise of approximately 12,189%. According to Potts, whenever Dogecoin has broken above this weekly resistance, it has triggered a parabolic breakout, suggesting that the cryptocurrency is poised for significant upward movement once again.</p>
<p>The <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin is on the verge of breaking above this level again, as shown in the chart analysis. A successful breakout could see <a href="https://captainaltcoin.com/indicator-turns-bullish-for-dogecoin-doge-strong-support-confirms-uptrend-heres-the-target/" target="_blank" rel="noopener noreferrer nofollow">DOGE spike</a> toward the top of the channel where it had spiked in the past. In this case, we could see a spike as high as $30.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/recurring-price-pattern-shows-dogecoin-doge-could-spike-above-10-this-cycle/" rel="noopener noreferrer nofollow">Recurring Pattern Shows Dogecoin (DOGE) Price Could Spike Above $10 This Cycle</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Recurring Pattern Shows Dogecoin (DOGE) Price Could Spike Above $10 This Cycle

Table of Contents

CaptainAltcoin

Other articles published on Nov 11, 2024

Is the RENDER Price Gearing Up for Recovery?

Ripple Price Analysis: This Is XRP’s Next Resistance Target After Gaining 15% Weekly

Decentralization at Risk: Snowden Calls Out VC Influence and AI Surveillance

Dogecoin up 350% From Bottom, But DOGE Price Still Has A Long Way to Go

AVNU Unveils Game-Changing Community Token Initiative for a Safer Starknet

FTX Settles $228M Lawsuit with Bybit, Aims for $175M Recovery

Join our free newsletter for daily crypto updates!