Dogecoin Price Completes First Bull Phase Similar To 2021, Here’s What Comes Next

Crypto analyst KrissPax has revealed that the Dogecoin price has completed the first part of its bull phase, similar to the 2021 and 2017 bull runs. KrissPax noted that those previous cycles recorded two additional up-phases with huge percentage gains, suggesting Dogecoin could record two more up-phases before its price tops in this market cycle. The crypto analyst called for patience with the Dogecoin price while it chops sideways a bit, possibly until the next leg of the up-phase begins. Crypto analyst Ali Martinez mentioned how Dogecoin would test market participants' patience in this parabolic run, adding that the TD Sequential has shown a sell signal, which could lead to a brief correction before the bull rally continues. KrissPax predicted that Dogecoin could reach $3 in this bull run, with the first step being for DOGE to reach $1. Once that is done, the next up-phase could be a rally to $3, as KrissPax predicted. Martinez's chart showed a channel that could lead DOGE to rally to as high as $14 if it gets to the upper boundary of the channel. Crypto analyst Kevin Capital suggested that it is almost time for the Dogecoin price to enjoy its next leg up, stating that Dogecoin has consolidated long enough and reset some key indicators on the daily time frame. Capital believes Dogecoin will start heading higher, adding that the next leg will give market participants a good idea of the macro top for the Dogecoin price down the line. Crypto analyst Master Kenobi suggested that the next leg for Dogecoin will come unexpectedly, stating that when it happens, it will happen fast.