According to the chart shared, the current price structure is following the same pattern but at twice the speed. The initial 70-day phase is now compressed into 35 days, and the expected bullish breakout phase will last just 22 days.
The side-by-side chart comparison featured in the analysis illustrates this comparison vividly. On the right side of the chart, the 2017 pattern shows a 220% gain in 70 days, followed by the massive 850% breakout that peaked at a new all-time high at the time.
Based on Master Kenobi’s prediction, Dogecoin investors can expect to see the meme coin trading at new all-time high levels within the next 22 days. To reach $1.05 during this span, Dogecoin will need to maintain and intensify its current bullish momentum, even more than the momentum witnessed in the 2017 and 2021 bull runs.
Interestingly, this prediction does not stand in isolation from Dogecoin. According to the analyst, many altcoins are poised for an upward move toward late May and early June. Dogecoin, being one of the most popular altcoins, may lead this rally.
At the time of writing, Dogecoin is trading at $0.244, up by another 6% in the past 24 hours.
