Expert Says Dogecoin Still Has Window for a 10x Surge: Heres Why
A prominent market analyst has seen the recent Dogecoin correction as a buying opportunity, insisting the token has another 10x rally on its path.Dogecoin did not escape the recent market onslaught, correcting substantially this month. For context, the meme coin is down over 23% in February, taking its year-to-date losses to 20%.While different bullish and bearish outlooks emerge, prominent analyst XForceGlobal has insisted that Dogecoin will reward patient holders. Recently, he suggested a comprehensive push to unprecedented highs for the meme coin market lead.More Upsides for Dogecoin?In a Feb. 18 post, the Korean Elliott Wave-certified analyst highlighted Dogecoins potential for a price rebound. He noted that the token may be the only meme coin with the prospect of another fivefold to tenfold rally.XForceGlobal suggested that DOGEs historical price actions confirm this narrative. He noted that the meme coins cyclical performance provides insight into its wave count validation, giving little room for error.An accompanying chart suggests that Dogecoin could attain the 5-10x upsurge upon completing the fifth wave in its Elliott Wave structure. Having strictly followed the technical analysis from its first breakout in 2017, the market watchers chart highlighted that the prominent meme coin would launch past $9 in the fifth wave.
Text source: The Crypto Basic
