A popular crypto commentator behind the High Altitude Investing YouTube channel says Dogecoin may be lining up for a sharp upside move, citing a mix of short-term technical signals and a longer-term “fractal” pattern he argues mirrors prior breakouts in Bitcoin and XRP.
The call (from an April 17 video) frames Dogecoin as both a near-term trading opportunity and a broader cycle play. The analyst contends DOGE’s corrective phase may be finished and lays out scenarios that range from a rally above $2 to a more aggressive long-term climb into the $3–$5 area.
What the analyst is watching
- Short-term technicals: On the daily chart, he says Dogecoin has completed a textbook “ABC correction” and is showing bullish divergence on the MACD—signals he calls “a very strong buy” that could spark moves in shorter timeframes. He also highlighted a breakout on the 45‑minute chart after price exited a triangle, which he views as confirmation that momentum is returning.
- Higher-timeframe setup: Using 10‑day candles, the analyst notes the MACD is deeply oversold—similar to readings that preceded earlier rallies—suggesting room to run back into higher resistance zones.
- Fractal comparison: He argues DOGE is tracing “the exact same pattern” Bitcoin followed before its 2021 vertical run (initial surge → steep correction → second rally → pullback → larger move), and points to a similar sequence he sees in XRP’s 2024 advance.
Price targets and rationale
- Applying Fibonacci extensions and comparing DOGE’s structure to past Bitcoin cycles, he says Dogecoin “could easily go up towards the 3.618,” which he places above $2 per coin.
- For a longer-term, sustained trend, he suggested higher extensions (5.618 / 6.618) that correspond to roughly $3–$5, adding color with: “Imagine when this thing hits $3, $5… it’s going to blow people away.”
- Liquidity argument: He also notes Dogecoin’s high trading activity—citing CoinMarketCap data that put DOGE at #8 by volume over the prior 30 days—which, he argues, makes it less likely to be sidelined during a broad market expansion.
Big-picture caveat
The analyst’s thesis is as much macro as it is coin-specific: if crypto’s next leg higher materializes, he expects Dogecoin to participate. Whether DOGE follows this path depends on broader market conditions; these scenarios are speculative and hinge on continued market strength.
At press time DOGE traded around $0.10. The views presented in the video are the analyst’s and do not constitute investment advice.
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