- Analyst declares Dogecoin ready for its next historical mega run.
- He then sets two bull targets for DOGE to hit this altseason.
- These ATH targets lie at $2 and $5, respectively.
With the prices of Bitcoin and Ethereum continuously dropping to lower prices, expectations for a bullish recovery dwindle, taking with it the hope for a promising altseason. Analysts so far have been cautiously bullish for an altcoin price pump phase, but growing FUD has reduced these expectations. Despite the growing bearish sentiment, one analyst declares Dogecoin ready for its next historical mega run, with ATH targets set at $2 and $5.
Analyst Declares Dogecoin Ready for Its Next Historical Mega Run
Expectations for altseason continue to dwindle as the price of Bitcoin (BTC), the pioneer crypto asset, drops to the $103,000 price range, nearing the $100,000 price mark. The price of BTC has already dipped once to the $90,000price range, before recovering back to 6-digit prices. Since then, bearish analysts have been expecting a major BTC price crash to the $55,000 to $66,0000 price level.
On the other hand, bullish analysts are expecting the price of BTC to drop one more time to as low as the $95,000 price range before rallying back up to hit much higher ATH targets. This move could finally send the price of the pioneer altcoin asset, Ethereum (ETH), into its price discovery range once again. Once ETH enters the $5,000 price range, analysts expect altseason to arrive with bullish fervor.
Already, the price of several altcoins has dipped alongside BTC and ETH, but most have still maintained to hold several support levels, just like BTC and ETH. This signals a high chance of recovery and a possibility for the crypto market to turn bullish once again. So far, almost all altcoins have been showing promising bullish pump indicators on their price charts, including Ripple’s XRP, Cardano’s ADA, and the pioneer memecoin asset Dogecoin (DOGE).
DOGE ATH Price Targets Se for $2 and $5
In particular, Dogecoin (DOGE) has gotten a lot of recognition this bull cycle, leading to high price pump expectations, pointing to the memecoin possibly hitting new ATH prices in the coming bullish altseason days ahead. These bullish ATH targets lie between $1 and $10, to even $20, according to a few analysts. Most recently, one analyst believes the price of DOGE could enter its next historic mega run.
As we can see from the post above, this analyst shares a price chart and highlights how DOGE price has broken out and retested successfully and exclaims that the bullish structure is locked and loaded for a parabolic explosion. He also reminds the community of how the same pattern played out in 2017 and 2021, sending the price of DOGE flying to higher ATH prices. This time, he expects DOGE to hit two bullish ATH targets at $2 and $5 respectively.
