Dogecoin (DOGE) Forecast: 50-Day Surge Could Trigger New ATH
Key Takeaways
- DOGE is mirroring a previous 100-day rally cycle, now compressed into a 50-day window.
- A new all-time high is expected, though breaching the $1 mark remains uncertain.
- RSI momentum and altcoin cycle alignment suggest a late May 2025 breakout.
Dogecoin is trading at $0.1564, and its recent price action caught the eye of crypto analyst Master Kenobi. Dogecoin is halfway through a well-known pattern: a reflection of its earlier 154-day range-bound phase, followed by a 100-day uptrend to a local top.
In this new cycle, the time frame is compressed, with the bullish momentum only lasting 50 days. In the post, the price action is divided into two critical time frames: the red box indicates the past downtrend of 154 days, and the green box replicates that length of time as per the current cycle.
Interestingly, we are now 77 days into the green box. There is a probable rally waiting to be sparked at any moment, waiting for a new all-time high (ATH) for Dogecoin before the 50-day bullish window passes, though breaking above $1 is questionable.
He relies on historical similarity as well as an apparent shift in momentum. There is a yellow marker in the chart indicating DOGEs current location as a potential swing point. It is a textbook consolidation-accumulation pattern typical of setups for strong moves.
RSI Reversal Hints at Potential Dogecoin Rally
A key consideration for the prediction is the Relative Strength Index (RSI) pattern. The last 154-day interval had RSI readings staying within bearish levels, a pattern now indicating a possible reversal.
Since the RSI slowly rises back from oversold levels, it is indicating fresh buying interest. This fits into the current green-box stage potentially paving the way for a big rally.
The analyst Kenobi indicates that the earlier rally from low to peak took 100 days. Now, he is speculating that the same price action can occur sooner, compressed within 50 days.
The notion, though ambitious, is not unfounded. RSI trends as well as past price action often converge when sentiment suddenly changes within the altcoin market.
Altcoin Synchronization Points Toward Late May Rally
Kenobi highlights that one chart cant express the overall crypto market universe. His larger thesis entails synchronized compression cycles among several assets, such as DOGE and BNB. This correlated action reflects the possibility of coordinated altcoin breakouts, potentially led by seasonal or macroeconomic trends.
Referring back to past threads, including the one titled May is November, he postulates that May 2025 might resemble past November bull runs. In the event of such a timeline, DOGE might soon emerge from its current consolidation phase and make another ATH push.
Though there are uncertainties, particularly for breaking beyond the $1 mark, Kenobis chart-supported analysis offers a detailed model for traders observing the next 50 days carefully.
Related Reading | Cryptocurrency Price Prediction: Coldware $7, Cardano $1.4, Dogecoin $0.3
Read more: https://www.tronweekly.com/dogecoin-doge-forecast-50-day-surge/
Text source: TronWeekly
