Dogecoin Price Forecast: Analyst Flags Start of Parabolic Phase
- Trader Tardigrade recently pointed out that Dogecoin could be moving into the early stages of a parabolic rally on the weekly chart. His analysis breaks down DOGE’s price movement into three key phases: Consolidation, Slow-Bull, and the upcoming Parabolic Phase — which suggests sharp upward movement ahead.
- The chart shows Dogecoin spent most of 2022 through early 2024 in sideways consolidation, with little volatility as long-term holders quietly built positions. This was followed by a slow-bull recovery with gradually rising lows and steady upward momentum. That foundation appears to be setting up the next phase — a steeper climb indicating exponential growth potential.
- According to the trader, this shift points to growing investor confidence and stronger market structure for DOGE. The slow-bull curve mirrors classic pre-parabolic setups seen in past bull runs, including Dogecoin’s 2021 surge when a similar pattern preceded massive gains.
- That said, parabolic phases bring volatility. Sharp upward moves can be followed by equally intense corrections. Sustained growth will hinge on broader crypto market conditions, Bitcoin’s trajectory, and Dogecoin’s ongoing adoption in payments and community-driven projects.
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