Dogecoin, according to a closely-followed crypto analyst.DOGEIf the historical pattern is repeated, it could reach a high price.
Crypto strategist Ali Martinez tells The digital dog asset, which he shared with his 56 000 followers on social media platform X could increase in value by 5,900%.
“I feel my fellow DEGENs have been distracted with the new shiny memecoins, but Dogecoin remains the most important altcoin in this sector. From a technical perspective, DOGE seems to mirror the 2018-2021 pattern. If so, DOGE could be at the very beginning of a massive parabolic bull run!”
Dogecoin currently trades for $0.20, down 6.5% over the past 24 hours.
Following the analyst, says Ethereum (ETHThe high volume of transactions made through the network by wealthy investors seems to indicate a positive trend.
“Despite the Ethereum price correction seen over the past few weeks, ETH whale transactions are on the rise – a bullish indicator for future ETH price movements!”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Dogecoin-Could-Hit-Astronomically-High-Price-Target-if-DOGE-Repeats.png)
Ethereum currently trades for $3.507 as of the writing date, a drop of nearly 4% over the past 24 hours.
Last but not least, there is the analyst says BitcoinBTC() could be printing similar price patterns to those of Nasdaq.
“Doesn’t Bitcoin (on the right) look like the Nasdaq (on the left)?”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1712148844_527_Dogecoin-Could-Hit-Astronomically-High-Price-Target-if-DOGE-Repeats.jpeg)
The analyst believes that Bitcoin’s price could reach $94,000 in June based on his chart.
Bitcoin has fallen by more than 6 percent in the last day.
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