Dogecoin Poised for Parabolic Rally Despite Recent Weekly Decline, Says Analyst

The crypto analyst Trader Tardigrade is growing optimistic about Dogecoin, who predicts a parabolic phase could drive the meme coin above $1.50 this ￰0￱ prediction arrives at a time when DOGE is experiencing price fluctuations and weekly ￰1￱ largest meme coin, in terms of market capitalization is currently trading at $0.2448, showing a drop of 1.21% over the last 24 hours at the time of ￰2￱ October, the token experienced significant fluctuations, ranging from $0.245 to $0.27. Historical Price Patterns Signal Bullish Momentum The analysis by Trader Tardigrade reveals three separate stages of the market behavior of Dogecoin, including consolidation, slow bull, and parabolic ￰3￱ consolidation process began in mid-June 2022, and the trade was above the 0.05 price ￰4￱ lasted until mid-October 2023, with little upward movement, although there were some instances of spikes above $0.1.

The chart shared by Tardigrade shows the historical price movements The slow-bull stage began in the middle of October 2023 and gave DOGE a boost up to $0.2288 by March 25, ￰5￱ bearish force, however, caused the fall to $0.09 by August 5, ￰6￱ token subsequently ran up to $0.46 on December 9, 2024, and then fell to $0.14 on April 9, ￰7￱ has been proving a slow recovery with average variability since the April ￰8￱ to Trader Tardigrade, the next significant cycle is the parabolic cycle, which could push the prices more than $1.50. It would require an increase in the target by 502.45% over current ￰9￱ Analysis Supports Upside Potential Several indicators suggest a bullish trend in Dogecoin's near future, as identified by multiple ￰10￱ October 7, Trader Tardigrade highlighted the positive trend on the 4-hour chart, indicating a potential transition to $0.29.

Dogecoin pattern on the 4-hour chart Bitcoin analyst Bithereum_io noted a tightening symmetrical triangle shape on the daily chart on October ￰11￱ is a technical trend that typically precedes major price action. A successful breakout could target December 2024 highs, with initial resistance at $0.298. Other price objectives are $0.337, $0.394 and $0.466. The discussion suggests that the current levels may serve as a potential entry point for buyers seeking to capitalise on an upward ￰12￱ remain sensitive to technical indicators that can support the bullish ￰13￱ there are encouraging projections, analysts note that there can be some ￰14￱ pressure may push Dogecoin down to support levels of 0.220 to ￰15￱ are also in harmony with the 200-day simple moving average at 0.204, which serves as a vital technical support ￰16￱ meme coin industry is exceptionally unpredictable, and sentiment-driven price movements can shift rapidly within a short ￰17￱ traders closely monitor market conditions, with Dogecoin attempting to establish a long-term ￰18￱ factors, including the overall trends of the cryptocurrency market and the involvement of retail investors, will determine the emergence of the predicted parabolic ￰19￱ next few weeks will be pivotal in determining whether Dogecoin can overcome resistance zones and bode well for positive movements in bullish speculations, as predicted by technical analysts.