Crypto Analyst Predicts 404% Price Breakout For Dogecoin, Here’s The Target
Release: 2024/07/03 08:00 Reading: 613
Dogecoin Primed for Massive Surge
According to crypto analyst Javon Marks, Dogecoin (DOGE) is poised for a significant price breakout. Marks predicts a surge of over 404%, with DOGE potentially reaching $0.6533. He suggests that this uptrend is imminent and may occur sooner than anticipated.
Steady Rise to $0.6533
A surge to $0.6533 would represent a yearly high for DOGE, signaling the culmination of a prolonged rally. Despite its underperformance relative to other meme coins this year, DOGE is expected to make further parabolic gains beyond its initial target.
Long-Term Trajectory
Marks previously forecast a surge to $17 for DOGE in this bull run, based on historical trends that suggest the coin outperforms its previous cycle. Therefore, DOGE could potentially surpass the 22,800% gain it experienced in 2021.
Short-Term Outlook
Crypto analyst Trader Tardigrade predicts a short-term surge for DOGE, with the coin returning to its previous support level of $0.15. Tardigrade highlights the formation of an ascending triangle and double bottoms, which he interprets as bullish indicators.
Positive Narratives
Analyst Kevin (OG Yomi) supports the bullish sentiment, indicating a weekly buy signal for DOGE, the first since it was valued at $0.05. He also notes the imminent formation of a weekly golden cross, further reinforcing the positive outlook for DOGE.
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