- A crypto trader predicts DOGE could potentially 4x during the final month of a bull run.
- Dogecoin’s weekly chart suggests the potential for a significant breakout in the coming weeks.
A tweet from well-known cryptocurrency trader Bluntz notes that the Dogecoin (DOGE) versus Bitcoin (BTC) pair, DOGEBTC, has been coiling for three weeks and is approaching the last phases of a triangle pattern.
Bluntz thinks the pair exists in the last “e” wave before a possible breakthrough to greater heights. Showing the weekly DOGEBTC chart, he says, “Still looks like only just getting started.”
Dogecoin’s (DOGE) Parabolic Potential in Bull Market Trends
Based on past patterns, Bluntz further speculates that Dogecoin would witness a parabolic movement, maybe multiplying 4x during the last month of a bull run. He does observe, though, that only the most attentive “diamond handers” will catch the finest aspect of such a move.
Meanwhile, DOGE is trading at about $0.4221 at the time of writing, showing gains of 2.08% over the last 24 hours, 6.54% over the last 7 days, and 179.54% over the last 30 days.
Meme Coin Momentum and Unconventional Collaborations
Recent performance of Dogecoin fits a larger increase in meme coins following the U.S. presidential election last month. With Dogecoin outperforming Bitcoin and drawing major interest from traders, these internet-inspired cryptocurrencies have sharply increased in value.
Critics counter that meme coins are highly speculative and prone to excessive volatility since they lack inherent value or a strong business plan.
Building on the trend, Dogecoin has attracted fresh interest from unusual sources. Elon Musk and Vivek Ramaswamy have revealed the “Dogecast” podcast, which aims to outline their attempts to cut U.S. government expenditures by $2 trillion under the recently formed Department of Efficiency (D.O.G.E.).
Under the direction of President-elect Donald Trump, this program aims to increase openness by addressing waste, fraud, and government operation abuse.
The prospect of a Dogecoin exchange-traded fund (ETF) in 2025 has stoked excitement. According to our prior report, the effective introduction of Bitcoin and Ethereum ETFs in 2024 has increased demand for a related product for Dogecoin, therefore securing its place in the larger crypto ecosystem.
