Cycle 3 Expectations Show Dogecoin Price Could Cross $10 With This Decisive Break

Crypto analyst DOGECAPITAL has predicted that the Dogecoin price could rally above $10. He revealed that the foremost meme coin needs to have a decisive break above a particular level for it to record this parabolic run to the ￰0￱ Price Eyes Rally To $10 Based On Cycle 3 Expectations In an X post, DOGECAPITAL indicated that the Dogecoin price could rally to $10 based on historical cycle ￰1￱ noted that in Cycle 3, which is the current cycle, DOGE has already crossed critical price levels and is now approaching the $0.30 range ￰2￱ analyst claimed that if the pattern continues, a decisive break above this level could ignite the next parabolic ￰3￱ Reading: Can Dogecoin And Shiba Inu Prices Recover?

What To Expect In September This prediction came as DOGECAPITAL revealed that the Dogecoin price monthly chart reveals a recurring pattern in its price action across each major ￰4￱ further noted that in every cycle, bullish momentum tends to ignite as the DOGE price nears the intersection of the green and red ￰5￱ analyst added that a parabolic rally typically follows once the price breaks above the yellow ￰6￱ noted that, in Cycle 1, the Dogecoin price surged 9,221% almost immediately after crossing the green/red line intersection. Meanwhile, in Cycle 2, a similar setup led to a more parabolic rally of over 24,617% for the meme coin after the same crossover.

Now, in Cycle 3, DOGE has crossed the green and red lines and is now looking to break above the yellow line for a parabolic rally beyond $10. DOGECAPITAL stated that historically, each bull run has outperformed the ￰7￱ alluded to factors such as growing adoption, less inflation, rising institutional interest, and ongoing technological advancements as what could spark a greater rally in this cycle than the previous ones. A Rally To A New ATH Is Imminent In an X post, crypto analyst Kevin Capital suggested that a Dogecoin rally to a new all-time high (ATH) is ￰8￱ noted that DOGE monthly Stoch RSI crosses during bear markets and bull markets have produced very predictable price action in the ￰9￱ analyst added that if the macro continues to align the way it is currently, then it will remain predictable, hinting at a rally to the ￰10￱ Reading: Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

Kevin Capital noted that the stars need to align not just from a technical analysis perspective, but also in relation to monetary policy expectations and macroeconomic ￰11￱ a fundamentals perspective, it is also worth mentioning that the first spot Dogecoin ETF could launch this week after Rex-Osprey teased about the launch last ￰12￱ the time of writing, the Dogecoin price is trading at around $0.23, up over 7% in the last 24 hours, according to data from ￰13￱ image from Getty Images, chart from ￰14￱