Dogecoin (DOGE) Price Replicates Reversal Box Move From 2020, Where Will the Meme Coin Go Next?

Crypto analyst Trader Tardigrade has drawn the crypto community's attention to a historical pattern in which the Dogecoin price has replicated this cycle.

A recent analysis suggests that the Dogecoin (DOGE) price has replicated a historical move, indicating a bullish trend for the meme coin.

According to crypto analyst Trader Tardigrade, the DOGE/USD price has repeated the move in a ‘Reversal Box’ from 2020. The price action is nearly identical, with DOGE forming three higher lows and breaking the resistance ahead of a ‘hard pump.’

In 2020, DOGE formed these three higher lows before a breakout, climbing to its current all-time high (ATH) of $0.73. The analyst’s chart suggests that DOGE price is again expected to rise to at least $0.7 after these higher lows.

However, considering the analyst’s previous predictions, that might not be the market top for DOGE in this bull run. Last month, Trader Tardigrade predicted that DOGE could reach $3.7 by 2025.

Meanwhile, self-acclaimed lead Dogecoin analyst on X, Kevin Capital, has also predicted that the Dogecoin price could go as high as $3.80. He recently shared a sentiment, similar to Trader Tardigrade’s, suggesting that a price breakout might be imminent.

According to him, the 2-week money flow on DOGE has crossed into the green for only the third time in history. The other two times it happened, DOGE broke out on its way to a new ATH.

Crypto analyst Master Kenobi, who has been tracking DOGE’s 91-day market cycle, recently shared an update on his analysis. In his view, the Dogecoin price is set to rise to $12 in this bull run.

He claims that the market is halfway through the 91-day journey, the number of days it will take for DOGE to break above its current all-time high (ATH). According to the analyst, the chart looks to be repeating the pattern from the 2021 bull run, with DOGE preparing for a pump that could quickly see it reach $0.55 in the short term.

“Things about to move incredibly fast. I’m thinking we’ll see the $1 and even $2.7 levels before the year ends. Enjoy the ride,” Master Kenobi added. His accompanying chart suggests that DOGE price could climb to $12 by July 2025, which will likely mark the top for the foremost meme coin.

Recently, crypto analyst Dima James also highlighted similarities between Dogecoin’s price action in this market cycle and 2021, predicting that the meme coin could rise to $10. At the time of writing, the Dogecoin price is trading at around $0.145, down over 1% in the last 24 hours, as per data from CoinMarketCap.

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