Dogecoin (DOGE) has just entered the fourth stage of a parabolic curve setup—a critical phase that often signals the potential for a major price rally. Despite recent market declines, technical analysts suggest that this stage could pave the way for explosive growth toward the coveted $1 mark.
Dogecoin Eyes Breakout To $1
Dogecoin may still be on track to hit the long-anticipated $1 mark, according to technical projections from crypto analyst Trader Tardigrade. The meme coin’s recent price movements appear to be aligning with a classic parabolic curve formation —- a pattern that signals accelerating upward momentum with each consolidation phase.
Based on Trader Tardigrade’s analysis, Dogecoin is entering the final phase of its four-stage parabolic curve, having just broken out of Base 3, a Falling Wedge that acted as a correction zone after previous rallies. This move is consistent with the parabolic curve model depicted in the analyst’s price chart, where price action forms step-like bases that tighten in structure and lead to increasingly aggressive upward moves.
The chart pattern begins from a long-term bottom and progresses through Bases 1 to 4, each marked by periods of consolidation and declining volatility within downward-sloping wedges. The red arc drawn across the chart represents Dogecoin’s projected parabolic trajectory, which currently places the meme coin’s ascent toward Base 4.
Historically, this stage has preceded the steepest price rise as investors begin to respond strongly to bullish sentiment. The chart predicts a path where DOGE, currently trading above the Base 3 breakout, could reclaim higher levels and potentially surpass $1 for the first time since its inception. Notably, the projection highlights a potential surge above $1.7 before the end of the year.
Trader Tardigrade also points to a key liquidity zone in the chart, just below $0.187. A brief dip to grab liquidity here could act as a springboard, further validating the bullish thesis of a potential move to $1. This isn’t expected to be a short-term surge but rather part of a broader, well-structured formation that may lead to a major price peak. If past patterns play out as expected, a potentially historical breakout could be on the horizon.
Update On Dogecoin’s Price Action
Like most meme coins in the market, the Dogecoin price has been struggling to overcome bearish conditions and surge past the $0.2 threshold. Currently trading at a price low of $0.17, Dogecoin has already seen a whopping 14.14% flushed out of its value this past week, according to CoinMarketCap.
In the past 24 hours, DOGE has declined by another 7%, reflecting general weakness and heightened volatility. Data from CoinCodex also shows that Dogecoin’s volatility currently sits at a high of 8.69%. The crypto data analytics platform also indicates that overall broader market sentiment has shifted bearish, with Dogecoin’s Fear and Greed Index signaling uncertainty across the broader market.
Featured image from Getty Images, chart from Tradingview.com
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