A crypto analyst suggests that if Dogecoin's price action can repeat a historical pattern from 2021, it could trigger a rally above $10.
The analyst highlights a repeating cycle pattern in Dogecoin's price movements, characterized by accumulation phases followed by significant breakouts and price surges.
Based on the pattern, the analyst suggests that Dogecoin's current market structure indicates a strong possibility of an upward reversal soon, potentially entering a parabolic rise stage.
If historical trends repeat, Dogecoin could follow its long-term ascending channel and possibly reach an all-time high above $10, despite currently trading below $1.