Crypto Analyst: Dogecoin Price Is “Parabolically Encoded” to $1, What Does This Mean?

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Crypto analyst EtherNasyonaL predicted as follows. dogecoin price We are well prepared for a parabolic rally. This happened when he declared that it is “parabolically coded”, alluding to the meme coin’s historical performance.

Dogecoin price expected to rise to $1 as analyst says meme coin is ‘parabolically coded’

in ×postEtherNasyonaL predicted that Dogecoin price could rise to the psychological $1 level, suggesting that the meme coin is well positioned for a parabolic rally. Analysts emphasized DOGE’s historic performance In the fourth quarter of 2023 and 2024, it posted gains of 246% and 373%, respectively. Based on this, he pointed out that meme coins may also witness a significant rise in the fourth quarter.

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EtherNasyonaL advised Market participants are positioning themselves to see Dogecoin’s price rise in this parabolic fashion, with an eye on $1, setting a new all-time high (ATH) for the memecoin. somewhere else ×postthe crypto analyst has again doubled down on his bullish prediction for the meme coin. he said this DOGE Cycle 3 continues towards parabolic waves again.

EtherNasyonaL pointed out that in the first cycle, the price of Dogecoin increased by 21,825%, while in the second cycle, the memecoin increased by 54,890%. He further said that DOGE is up 800% in the third cycle of borrowing to date. Peak in December 2024 Approximately $0.48. The analyst added that Dogecoin has rallied strongly after each of its previous lows, suggesting this time will be no different.

EtherNasyonaL claimed that this chart suggests that Dogecoin price may be facing another big move. His attached graph showed the following DOGE may rally This next leg will see it rise above $1.5.

DOGE’s “conservative” target is $11

crypto analyst Dima Potts’ predictions The price of Dogecoin has increased 37 times from its starting price of $0.31 this year and could reach $11.71 by the end of the year. He described this as a conservative goal. Because we were avoiding predicting a 283x move. This follows the pattern of 83x and 183x returns recorded by Memecoin. first and second cyclerespectively.

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but, Dima Potts He suggested that Dogecoin’s price may reflect past price movements. He revealed that DOGE is once again approaching the yellow resistance line, currently near $0.41 on a weekly basis. The analyst added that if Memecoin closes above this level, history suggests that Memecoin could be headed for another massive rally, similar to its parabolic movements in past cycles.

At the time of writing, Dogecoin’s price has increased over the past 24 hours and is trading at around $0.25. data From CoinMarketCap.