Crypto Analyst Trader Tardigrade provided insights into Dogecoin (DOGE) Future Trajectory. Based on their analysis, the top meme coin could soon enjoy a god candledriving its price to unprecedented levels.
Dogecoin’s big rally will send it to $7.5
Trader Tardigrade predicted in an X (formerly Twitter) publish that Dogecoin will reach $7.5 when it reaches its “huge surge.” He made this prediction when revealing that the meme coin had formed a triangle consolidationwhich is the last consolidation phase before Dogecoin makes that massive move higher.
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![Dogecoin enters final consolidation phase, analyst predicts 6,150% rise to $7.5 1 Dogecoin 1](https://thegurumedia.com/wp-content/uploads/2024/06/Dogecoin-1-4.png)
The crypto analyst also revealed that these triangular consolidations form in every market cycle and usually occur just before Dogecoin enjoys a parabolic rally. Trader Tardigrade has been bullish on DOGE for some time now and has continued to present bullish narratives for the meme coin.
In one of his previous X posts, he highlighted a shell pattern, which he said always formed for the meme coin in each cycle. He mentioned that “the bowl” was ready and almost time for the stem. The chart he shared showed that Dogecoin could rise above $2 once the pit was formed.
![Dogecoin enters final consolidation phase, analyst predicts 6,150% rise to $7.5 2 Dogecoin2](https://thegurumedia.com/wp-content/uploads/2024/06/Dogecoin-2-4.png)
In another publishTrader Tardigrade highlighted a parallel channel that Dogecoin usually follows. He then stated that the meme coin’s next move would be “huge,” while also revealing that DOGE had left the current channel’s lower support line. Based on the chart he shared, Dogecoin could rise to $12 when this move happens.
![Dogecoin enters final consolidation phase, analyst predicts 6,150% rise to $7.5 3 DOGE](https://thegurumedia.com/wp-content/uploads/2024/06/Dogecoin-3-2.png)
Meanwhile, Trader Tardigrade is not the only analyst who has alluded to Dogecoin’s historical patterns to predict the meme coin’s future trajectory. Crypto Analyst Javon Marks recently foreseen that Dogecoin could rise as high as $17 based on its historical breakout trend, in which the meme coin always enjoys a bigger run each bull run.
Dogecoin Current Outlook
Despite the optimistic predictions made by these analysts, Dogecoin appears to have bearish sentiment surrounding it at the moment. Crypto Analyst Kevin (formerly Yomi OG) revealed that DOGE lost all its daily moving averageswhich he noted is a “very bad sign” for Dogecoin in the short to medium term if it fails to reclaim these moving averages.
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![Dogecoin enters final consolidation phase, analyst predicts 6,150% rise to $7.5 4 DOGE](https://thegurumedia.com/wp-content/uploads/2024/06/Dogecoin-4.png)
The crypto analyst added that Dogecoin had a lackluster bounce after touching the golden pocket fell to $0.11. For now, he stated that the point of interest is Dogecoin rising above US$0.132 and that it would need to remain above the range between $0.10 and $0.11 in case the meme coin falls.
At the time of writing, Dogecoin was trading at around $0.12, down over the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com