$Dogecoin Price To $20? Montly Close Increases Chance of 8,000% Run

Dogecoin is reversing some of its gains from last week. The Dogecoin price is down 9% in 24 hours, but it seems poised to recover.

In particular, Dogecoin is on course to end the month with a lengthy bullish candle. On social networking site X, crypto researcher Trader Tardigrade noted this for Dogecoin. The expert said Dogecoin will conclude November above its prior peak.

Dogecoin Price Will Rise Monthly

In bullish rallies, Dogecoin may break over its previous monthly closing, but it implies something far more substantial. The Dogecoin price has always rallied after this incident.

This has been unusual in Dogecoin's 11-year existence, making it much more significant when it does happen. The more fascinating part is that it always gains above 1,000% in a few months.

After closing over its greatest monthly finish in 2021, Dogecoin rose more than 8,000% in four months. This rise sent Dogecoin to an all-time high of $0.732.

Before the 2021 rally, a comparable breakthrough occurred in 2017. This prior event caused an eight-month 1,000% spike.

What Does DOGE Mean?

With these historical tendencies, we should expect a strong rebound in the next months. The highest Dogecoin monthly closing was $0.35 in August 2021, according to pricing statistics.

At press time, Dogecoin is on course to set a new monthly high in November. Dogecoin might rise 1,000% to 8,000% in the coming months if history repeats. Dogecoin investors and other meme coin investors might be affected by such a trend.

Trader Tardigrade said Dogecoin will hit $3.6 by July 2025 if the 1,000% instance repeated. However, Dogecoin would reach $26.9 by March 2025 if the 8,000% instance repeated. Any price movement between these two possibilities would yield a large return.

The current Dogecoin price is $0.372. Dogecoin is increased 140% since November, despite a 9% 24-hour retracement.

#DogecoinPriceSurge #TrumpNominatesMuskDOGE #CPIUpdateOctober #cryptomarketcapATH $DOGE