Predicting Dogecoin Price: Here's What the 91-Day Pattern Indicates Could Happen Next

Cryptocurrency analyst Master Kenobi once again referred to the 91-day model to provide details on the next direction of Dogecoin's price. The analyst believes that everything could be different for DOGE as its price action does not entirely follow this historical pattern. What will be the next Dogecoin price In the post on X, Master Kenobi argues that the 91-day chain script may have been disabled for Dogecoin prices. He explains that the chart only touches the green trend line and cannot break the yellow or orange trend lines. This green trend line is $0.46, the price level that DOGE touched last week.

However, the price of Dogecoin did not touch the yellow or orange trend lines, which are about $2 and $4, respectively. Earlier, cryptocurrency analysts predicted that Dogecoin could surpass the $1 mark and at least touch the $2 mark this month when this 91-day pattern completes. Meanwhile, Master Kenobi also explained why Dogecoin closing last week at the green level is significant. Cryptocurrency analysts note that the weekly closing level in green marks the eighth consecutive green week for Dogecoin's price, the second time this has happened. Statistically speaking, Master Kenobi believes this is not the most favorable setup for DOGE's price, indicating that the leading meme coin may be in uncharted waters. However, based on the previous Dogecoin price update by Master Kenobi, DOGE recorded the eighth consecutive green week, which is noteworthy. The last time this happened was during the late stage of the 2017 bull market, with the price surge starting in November and ending in January with a 1,750% increase during that period.

Therefore, if history repeats itself, Dogecoin's price could still see a significant increase in the future. In November, DOGE recorded a price increase of 161%, bringing prospects for price appreciation to the leading meme coin. Meanwhile, the December candle is currently green, although DOGE has not yet reached the level of increase seen in November. DOGE is far from a price breakout Crypto analyst Kevin Capital asserts that the price of Dogecoin is still a long way from reaching a breakthrough level. He made this statement while revealing that DOGE is currently at the macro golden pocket level with 0.703 and 0.786 just above, extending to $0.60. In line with this, cryptocurrency analysts note that any price action below $0.60 should be treated with extreme caution as Dogecoin is not a breakthrough. Kevin also calls on market analysts to stop the endless excitement as it will take a long time for Dogecoin to reach the expected breakthrough level. At the time of writing, Dogecoin is trading at around $0.44, down nearly 4% in the past 24 hours, according to data from CoinMarketCap. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)