Crypto Analyst Says Dogecoin Price Is ‘Parabolic Coded’ To $1, Here’s What It Means

Crypto analyst EtherNasyonaL has predicted that the Dogecoin price is well-primed for a parabolic ￰0￱ came as he alluded to the meme coin’s historical performance, while declaring it was “parabolic coded.” Dogecoin Price Eyes Rally To $1 As Analyst Says Meme Coin Is ‘Parabolic Coded’ In an X post, EtherNasyonaL predicted that the Dogecoin price could rally to the psychological $1 level, hinting that the meme coin was well-positioned for a parabolic ￰1￱ analyst highlighted DOGE’s historical performance in the fourth quarter of 2023 and 2024, when it recorded gains of 246% and 373%, ￰2￱ on this, he raised the possibility that the meme coin could also witness significant gains in this fourth ￰3￱ Reading: Dogecoin Dominance Eyes Drastic Rise Amid Rally — What This Means For Price EtherNasyonaL advised market participants to position themselves as the Dogecoin price eyes this parabolic rally to $1, which will mark a new all-time high (ATH) for the meme ￰4￱ another X post, the crypto analyst again doubled down on his bullish forecast for the meme ￰5￱ stated that the DOGE cycle 3 continues and is heading towards parabolic waves once ￰6￱ noted that in the first cycle, the Dogecoin price rose by 21,825%, while in the second cycle, the meme coin rose by 54,890%.

He further remarked that DOGE is up 800% in this third cycle from its borrow to the December 2024 peak of around $0.48. The analyst added that Dogecoin has made massive jumps after every bottom in the past, suggesting that this time will not be ￰7￱ claimed that the chart suggests that the Dogecoin price may be on the verge of another major ￰8￱ accompanying chart showed that DOGE could rally above $1.5 on this next leg to the upside. ‘Conservative’ Target Of $11 For DOGE Crypto analyst Dima Potts predicted that the Dogecoin price could gain 37x from its start price this year of $0.31, reaching $11.71 by the end of the ￰9￱ described this as his conservative target, as he was avoiding projecting a 283x move, which will follow the pattern of the 83x and 183x gains the meme coin recorded in the first and second cycles, ￰10￱ Reading: Crypto Analyst Predicts What Dogecoin Investors Should Expect Price-Wise This Month However, Dima Potts suggested that the Dogecoin price may be mirroring its historical price ￰11￱ revealed that DOGE is once again approaching the yellow resistance line, currently around $0.41 on the weekly ￰12￱ analyst added that if the meme coin closes above this level, history suggests it could be on the verge of another massive rally, similar to the parabolic moves in past ￰13￱ the time of writing, the Dogecoin price is trading at around $0.25, up in the last 24 hours, according to data from ￰14￱ image from Getty Images, chart from ￰15￱