A crypto market analyst from the High Altitude Investing YouTube channel believes Dogecoin is preparing for a significant upside move. In a video posted April 17, he outlined both short-term technical signals and a long-range price thesis. At the time of the video, DOGE was trading at $0.10.
The analyst’s case is built on multiple timeframes. He argues that Dogecoin’s current correction is over and that a strong bullish move is imminent.
Short-Term Signals Point to a Breakout
The immediate case centers on two technical developments. On the daily chart, the analyst identified a completed ABC correction, a classic Elliott Wave structure marking the end of a pullback. He paired this with bullish MACD divergence, describing the combination as a strong buy signal for near-term traders.
On the 45-minute chart, he pointed to a triangle pattern that Dogecoin recently broke above. He called this breakout a “super good signal,” suggesting the coin is beginning a short-term climb. Together, these signals form what he considers a clear setup for upside momentum across multiple timeframes.
He also referenced the 10-day candle chart. On this scale, DOGE shows deeply oversold MACD conditions, a setup he compared to a prior low that preceded a sizable rally. In his view, this confirms the short-term signals and strengthens the broader case for a move higher.
At the time of writing, Dogecoin is trading at around $0.09594, down 4.86% in the last 24 hours.
A Fractal Pattern Shared by Bitcoin and XRP
The larger thesis rests on a fractal argument. The analyst contends that Dogecoin is tracing the same chart pattern that Bitcoin followed before its explosive 2021 rally. The structure involves an initial surge, a steep correction, a secondary rally, and another pullback, all preceding a much larger advance.
He extended this comparison to XRP, noting the token followed the same pattern before its 2024 breakout. According to the analyst, this sequence is not unique to any single asset. It is a recurring structure in crypto markets, and he believes Dogecoin is now at the same stage Bitcoin and XRP were at before their major moves.
“Not only Dogecoin, but Bitcoin and XRP have all done the same exact pattern before,” he said. This cross-asset comparison forms the backbone of his long-term price targets.
Using Fibonacci extensions and mapping Dogecoin’s structure against Bitcoin’s prior cycle, the analyst projected that DOGE could reach the 3.618 extension, a level he placed above $2. More aggressive extensions, including the 5.618 and 6.618 levels, point to a range of $3 to $5 over the longer term. He acknowledged these figures would “blow people away,” but maintained they are realistic within a broader bull cycle.
Source: https://coinpaper.com/16370/doge-price-prediction-analyst-predicts-dogecoin-could-surge-to-3-5-this-cycle
