Benzinga - Popular cryptocurrency analyst Trader Mayne has expressed a bullish outlook for Dogecoin (CRYPTO: DOGE), suggesting that the meme coin could see significant price increases shortly.
What Happened: Trader Mayne, on Wednesday, discussed Dogecoin’s potential trajectory, highlighting its current pivotal position in the market. He indicated that if the crypto manages to sustain its current support levels, it could pave the way for a significant upward move.
He remarked, "If we hold and can reclaim that old high the party continues."
Another prominent trader, Trader Tardigrade, drew parallels between Dogecoin’s current cycle and its historical performance, hinting at the possibility of history repeating itself.
Reflecting on Dogecoin’s value of $0.0007 in 2017, he mentioned that few believed it could reach $0.003, $0.009, or $0.35. Now, with Dogecoin at $0.22, he suggests it might potentially surge to $2, $9, or even $40.
$Doge is running in the "Cycle of 7 years"