Analyst defends the target of $ 5 despite the current weakness, citing the patterns of historical triangles

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The encrypted elite predicts the amount of $ 5 targeted on the basis of the patterns of the historical historical triangle
The current price needs 2,847 % to reach 5 dollars, which creates a market ceiling scenario of $ 750 billion
ADX mixed technical signals appear that indicates a possible gathering while LMACD indicates weakness

Those who do not expect Dogecoin to reach $ 5 “may not know anything” about the capabilities of the M -currency, according to the Cryptocurrency Crypto Elitees analyst, who reaffirmed their belief in the future of the encrypted currency.

This evaluation comes despite DOGE trading at $ 0.1698, a decrease of 0.34 % in 24 hours and 10.52 % during the past week, as the analyst indicates the patterns of historical plans that preceded large gatherings.

The 5 -dollar goal will require Dogecoin 2,847 % of the current levels, creating the market value of about 750 billion dollars. Although this evaluation appears to be extreme compared to the conditions of the current cryptocurrency market, the encrypted elite is based on the projection of repeated repeated triangle formations that historically led to explosive price movements.

The historic Doug Triangle styles support the upholshore in the long run

The Crypto Elites analysis focuses on three major symmetrical triangles on the date of the price of Dogecoin, followed by large marches. When Dog was traded at $ 0.0001, the first triangle formed in early 2016 caused the outbreak in late 2017 to rise in prices from $ 0.008 to $ 0.017 by January 2018, indicating the beginning of the long -term bullish momentum.

After Dogecoin decreased to less than $ 0.002, the second triangle was formed in December 2020. The currency appeared in 2021 after its unification, reaching $ 0.080 by February. By May 2021, Dog rose to $ 0.73 after a summary drop to $ 0.052, providing patient holders with enormous gains.

When Dogecoin fell to about $ 0.05 in mid -2022, the third symmetry triangle began to crystallize. Early in 2024, there was progress, by March, prices fell to $ 0.22. By December 2024, Duj recovered to $ 0.48 after another period of monotheism, but it fell again on its current values of about $ 0.17.

Technical analyst Tardigrade provides additional support for the bullish scenarios by comparing the current ADX patterns with those observed in 2019-2020 before the main assembly of Dogecoin. The average trend index shows the peak formations and a similar retreat before the previous explosive moves, as ADX is now rising again as it can indicate the construction of the momentum.

The most conservative projection is targeted by Tardigrade $ 4.50, and still requires unusual gains but a little less than Crypto Elites’ forecasts 5 dollars. Both analysts agree that the current ADX patterns reflect the conditions that preceded the historical gatherings, indicating the possibility of a large escalating movement.

However, the Dogecoin Logoin index, which displays weak momentum and persistent stagnation signs, provides a technical expert Tony Severino with opposition information. Similar to the trends seen in 2017 and 2022, when Dog saw periods of decreasing momentum, LMACD, which tracks momentum changes, is negative at the present time.