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Dogecoin still breaks the losses after a 40 % crazy decrease At the beginning of the week. Although it has been recovered since then, Dogecoin is still a 20 % loss in the seven -day time frame at the time of writing this report.
However, technical analysis indicates that Bull Run’s Dogecoin is still in play, and the Meme currency can reach the target price of $ 10. This analysis depends on the time taken in DogCoin to reach its highest levels ever and market peaks in previous sessions.
Historical Dogecoin courses and price peaks
Dukwin price movements historically Follow well sessions, Many analysts have noticed a Stereotype Through the courses. It is worth noting that Dogecoin is now in the third market tour, and price dynamics in the current session have already shown different repetition signs of the previous two sessions.
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according to The ðgeCapital (@Dimapotts36), the date of the DOGECOIN prices has a remarkable cycle pattern that is repeated almost every 1442 days. This style of 1442 days is the average time taken by the price of Dogecoin to reach its final peak for each cycle when counting from the low bear market.
The first session, which spanned between 2013 and 2018, witnessed 21,821 % of its low cycle to its peak. At that time, Dogecoin was trading at a small price of about $ 0.00009, but eventually rose to a fracture of more than $ 0.01 for the first time. At that time, Dogecoin still considered more than just a joke currency, with speculation trading only from the first investors who lead its work.
The bear level was registered at $ 0.00125, but with the encryption market entered the exhausted bull stage in 2021, Dogecoin became one of the largest winners of the M -currency madness, as it caused an increase of 54,890 % of its decrease. The madness of the Mimi currency allowed acquisition Rose between retail traders During this period, which eventually paid its price to the highest level ever at $ 0.7316.
With the third cycle now in the movement, the ðGECAPITAL Note that it might be Take the same 1422 days until Dogecoin reaches a new peak.
The schedule of the new dogecoin price
The current market tournament for Dogecoin started as soon as it rose in 2021, after which the Meme coin entered the long bear market. The low price of this course was recorded at some time in 2022 when Dogecoin was corrected to $ 0.055.
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The repeat of the 1442 -day session means that Dogecoin will reach its peak on the market on April 14, 2025. In terms of the goal of the price, the expected goal is about $ 10, which will be translated into an increase of 18,000 % over 2022 Low the bear market. Although this acquired percentage is significantly smaller than the 54,890 % rally that was seen during the Dogecoin 2021 cycle, the capital required to create such an increase is much higher due To the maximum coded currency market.
At the time of this report, Dogecoin is traded at $ 0.2669 and rises by 1.1 % in the past 24 hours.
Distinctive image from Adobe Stock, Chart from TradingView.com
