{"id":667955,"date":"2024-12-29T16:30:00","date_gmt":"2024-12-29T16:30:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=667955"},"modified":"2024-12-29T09:54:52","modified_gmt":"2024-12-29T09:54:52","slug":"dogecoin-price-could-soar-to-23-based-on-these-bullish-fractals","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-could-soar-to-23-based-on-these-bullish-fractals\/","title":{"rendered":"Dogecoin Price Could Soar To $23 Based On These Bullish Fractals"},"content":{"rendered":"

The Dogecoin price has struggled to build on its bullish momentum<\/a> 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.<\/p>\n

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.<\/p>\n

Is DOGE Price Gearing For A 7,500% Rally?<\/strong><\/h2>\n

In a new post on the X platform, crypto analyst Ali Martinez revealed<\/a> 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.<\/p>\n

Related Reading: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast<\/a><\/div>\n

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.<\/p>\n

\"Dogecoin
DOGE weekly chart | Source: Ali_charts\/X<\/figcaption><\/figure>\n

This bullish fractal<\/a> 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.\u00a0<\/span><\/p>\n

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.<\/p>\n

With the current setup on the weekly chart, the price of DOGE looks set for a bullish explosion<\/a> 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.<\/p>\n

Dogecoin Price At A Glance<\/strong><\/h2>\n

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.<\/p>\n

Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals \u2018Secret Under The Hood\u2019<\/a><\/div>\n

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.<\/p>\n

\"Dogecoin
The price of DOGE on the daily timeframe | Source: DOGEUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

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: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast 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. 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.\u00a0 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: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals \u2018Secret Under The Hood\u2019 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. Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":603130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[87818,93818,1785,1804,79600],"class_list":["post-667955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-ali-martinez","tag-bullish-fractals","tag-doge","tag-dogecoin-price","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Price Could Soar To $23 Based On These Bullish Fractals<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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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. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s 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. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d 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\u2019s 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\u2019s 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 \u201cwhatever is worth doing at all is worth doing well.\u201d 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.","sameAs":["https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227","https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi"],"url":"https:\/\/uniquehot.com\/author\/oluwatosino\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Price Could Soar To $23 Based On These Bullish Fractals","url":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-could-soar-to-23-based-on-these-bullish-fractals\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-could-soar-to-23-based-on-these-bullish-fractals\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/iStock-1351980781.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/iStock-1351980781.jpeg?fit=2121%2C1414"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Opeyemi Sule"}],"creator":["Opeyemi Sule"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ali martinez","bullish fractals","doge","dogecoin price","dogeusdt"],"dateCreated":"2024-12-29T16:30:00Z","datePublished":"2024-12-29T16:30:00Z","dateModified":"2024-12-29T16:30:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Price Could Soar To $23 Based On These Bullish Fractals\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-price-could-soar-to-23-based-on-these-bullish-fractals\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-price-could-soar-to-23-based-on-these-bullish-fractals\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1351980781.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1351980781.jpeg?fit=2121%2C1414\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Opeyemi Sule\"}],\"creator\":[\"Opeyemi Sule\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ali martinez\",\"bullish fractals\",\"doge\",\"dogecoin price\",\"dogeusdt\"],\"dateCreated\":\"2024-12-29T16:30:00Z\",\"datePublished\":\"2024-12-29T16:30:00Z\",\"dateModified\":\"2024-12-29T16:30:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/iStock-1351980781.jpeg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/667955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/590"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=667955"}],"version-history":[{"count":3,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/667955\/revisions"}],"predecessor-version":[{"id":667991,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/667955\/revisions\/667991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/603130"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=667955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=667955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=667955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}