Crypto analyst Trader Tardigrade has raised the possibility of the Dogecoin price rallying to as high as $20 in this bull run. The $20 price prediction came into the picture as the crypto analyst revealed what would happen if DOGE repeated previous cycles. 

Dogecoin To Rally To $20 If This Happens

In an X post, Trader Tardigrade predicted that the Dogecoin price could rise to as high as $20 if it replicates its historical performance. He noted that Dogecoin experienced bull rallies after surpassing the previous candle body high in 20217 and 2021, with gains of 3,000% and 8,000%, respectively. 

In line with this, he predicted that the Dogeocoin price could rally to as high as $20.68 if DOGE follows a similar pattern. Interestingly, Trader Tardigrade previously predicted that DOGE could rally to as high as $8 if it mirrors the 2017 bull run and rally to as high as $30 if it mirrors the 2021 bull run. 

Meanwhile, the crypto analyst also suggested that the foremost meme coin could soon begin the next leg of its bull run. In another X post, he stated that the Dogecoin price has broken out a converging triangle and the moving average convergence divergence (MACD) shows a bullish crossover. He added that DOGE may start a bull rally from here. 

Crypto analyst Ali Martinez also hinted a bullish reversal for the Dogecoin price. In an X post, he stated that the TD Sequential has presented a buy signal on DOGE’s hourly chart. This indicates that the foremost meme coin could be well primed to record another move to the upside. 

DOGE’s Outlook Is Far From Bearish

In an X post, crypto analyst Kevin Capital made a case for why the Dogecoin price is far from being bearish. He stated that DOGE is still seeing fast expansion on the 50 and 200 moving averages after its weekly golden cross occurred. He added that the meme coin is above the macro golden pocket at $0.26 and is battling the macro .786.  

In line with this, he suggested that there was no reason for market participants to be bearish on the Dogecoin price. However, in the meantime, he mentioned that he wasn’t focus very much on DOGE or other altcoins because the Bitcoin price will determine the next move in the market. The crypto analyst reassured that nothing has changed regarding DOGE’s bull run, stating that cycle tops don’t occur when everyone is bearish. 

Crypto analyst Javon Marks also recently made a bullish case for the Dogecoin price, predicting that it could witness at least a 5x increase from its current level. 

​​At the time of writing, the Dogecoin price is trading at around $0.35, down over 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Unsplash, chart from Tradingview.com

Solana DEX Jupiter’s native coin JUP price jumped nearly 8% on Saturday, primarily riding the back of remarkable community developments. Notably, the DEX platform has marked monumental strides, acquiring a majority stake in the crypto trading platform Moonshot, among other advancements. As an upshot, the native token’s price soared remarkably intraday, with market watchers anticipating further gains amid recent developments.

JUP Price Bullish Amid Jupiter’s Moonshot & Sonarwatch Acquisition Plans

Jupiter co-founder, going by the pseudo-name Meow, posted on X as of January 25, revealing that the Solana DEX has acquired a majority stake in Moonshot. Intriguingly, Moonshot is a crypto trading platform that focuses on meme coin transactions, and it has recently gained a large number of new users in the wake of the Trump token event and soaring focus toward the top meme coins. Primarily, the stake acquisition sparked significant market discussions, paving the way for collaboration between the entities for the “future of memes,” as indicated by the co-founder on X.

Further, it’s also worth pointing out that DEX acquired Sonarwatch, a Solana on-chain portfolio tracker. Notably, with this acquisition, the DEX aims to launch a page where users can track Solana’s on-chain activity. Overall, these movers appear to have cemented a bullish market sentiment for the DEX’s native coin, as seen by the recent upswing in JUP price.

Jupiter Goes Back Into Beta: What’s Happening?

Meanwhile, another X post by the DEX’s community today revealed that the platform is going into the beta phase as its reinvented platform is now live. The Jupiter Spot V2 has been introduced, with key features likely to be rolled out over the next few weeks.

Notably, the new reinvented platform is set to offer features such as ultra Mode, RTSE, organic scoring, smart trigger orders, Jupiter Shield, magical mobile updates, and major changes to perps and JLP, a liquidity token for the DEX’s perpetual platform. Altogether, this monumental feat has further uplifted the market sentiment for JUP price.

It’s also worth mentioning that the Solana DEX today revealed a revolutionary idea, allowing users to deposit JLP and borrow USDC. This maneuver further supports the stablecoin by offering higher utilization rates whilst also enhancing APY for JLP holders. In turn, broader ecosystem perspectives for Jupiter and its native token remain optimistic amid the abovementioned advancements.

JUP Price Soars 10%

At the time of reporting, JUP price witnessed a staggering 10% pump and is sitting at $0.9425. The coin’s 24-hour low and high were $0.8208 and $0.968, respectively. As mentioned above, the latest ecosystem developments appear to have sparked a bullish sentiment for the native token as it defies the broader crypto market trend. Traders also reacted positively to the announcements, as flagged by a 13% rise in the intraday trading volume to $441.88 million.

Coinglass data showcased an 18% surge in the coin’s futures OI to $263.87 million. Further, even the derivatives volume shot up by 30% to $1.08 billion. This indicated that the asset enjoys a bullish trend amid rising market interest, primarily driven by the latest ecosystem developments.

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