Dogecoin On The Launchpad – Analyst Calls For 500% Rally From Here

Investors in Dogecoin were sent mixed signals this week after market analysts disclosed forecasts regarding the future price action of the meme cryptocurrency. Some predict a spectacular rally, while others forecast a sharp decline before there can be any rally.

Analyst Predicts 500% Price Jump Based On Chart Pattern

From crypto commentator “Steph is Crypto,” Dogecoin looks primed for an epic price surge in excess of 500%. That’s the estimate based on a chart pattern seen before a preceding market cycle during which Dogecoin surged 501% after trending down in the last few weeks.

“Bottom signal flashing,” Steph tweeted on social media site X, implying that the same pattern is developing again following another 129-day downtrend. If this trend holds, Dogecoin will rise as much as $0.73583 within the next few weeks.