Will Dogecoin Touch $2.90 or $10? Latest Projections Explained
Key Takeaways:
- Analysts predict that Dogecoins price could potentially exceed $10 during its current cycle.
- Two key projections suggest that Dogecoin might reach between $1.40 and $2.90 in the coming weeks.
- A significant breakout is expected to happen by early December 2024, with a potential new all-time high (ATH).
Dogecoins (DOGE) price forecast generates significant buzz in the cryptocurrency community. According to Dima James Potts, a bullish projection based on technical patterns suggests that Dogecoin might surpass $10 during the ongoing cycle.
First noticed by Potts is something happening periodically in the DOGE weekly chart: that red line has consistently drawn the top of each peak so far. The wick of each candle has been making it to the next higher line above the red in sequence, almost like a future roadmap for price action.
If the pattern continues to hold, Potts believes DOGEs price may start at $24 this year and incrementally build-up, with a good over $10 this cycle.
Dogecoins Cyclical Patterns Signal Potential Breakout
Meanwhile, another analyst, Master Kenobi, projects optimism based on the cyclical behaviour of DOGE. According to Kenobi, the price trajectory of the cryptocurrency seems to be in line with what was witnessed in the past two cycles.
He says that this cycle started sooner than the previous two, as it started on September 2, 2024, previously started on November 3 2020. Considering the fact that past cycles were similar to this one, Kenobi thinks that DOGE could reach a new ATH around December 2, 2024, in a couple of weeks.
Analyst Charts DOGEs Path to $1.08 in the Near Term
Kenobis predictions are based on the historical pattern of massive breakouts after Dogecoin has moved from one key trendline to the other. In the last two cycles, few believed in such movements, yet history has proven them right.
His updated chart suggests that DOGE might touch $1.40-$2.90 in the short run and around $1.08 in the immediate future. These projections have once again thrown Dogecoin into the spotlight, with most investors waiting for any signal that might indicate a breakout.
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Read more: https://www.tronweekly.com/will-dogecoin-touch-2-90-or-10/
Text source: TronWeekly
