Prediksi Terbaru Analis: Dogecoin Bisa Naik 7.200 Persen
Release: 2024/08/03 12:24 Reading: 424
As the market enters August, Dogecoin (DOGE) has faced significant headwinds, mirroring the broader downtrend in the global crypto market.
The overall market cap has declined to $2.31 trillion, marking a 3.01% drop over the past 24 hours. This decline has had a notable impact on DOGE, which has experienced a series of bearish movements over the past week.
Optimism Amidst Price Dip for Dogecoin
According to a report by Zycrypto, DOGE's price fell as low as $0.11 on August 1. Despite this downturn, there is growing optimism among crypto analysts who believe DOGE could be poised for a major rally.
Analyst Javon Marks, in a tweet on Wednesday, highlighted a historical pattern where every DOGE price breakout has led to a substantial upwards movement.
"DOGE breakouts have historically led to massive pumps and it has done it again with the breakout holding so far! Based off the two previous breakouts, each of these pumps have been successively larger in percentage. If this pattern repeats, we could see DOGE push well past $10 for a 7,200%+ bull run," Marks stated.
He referred to price movements observed during major bull runs in 2017 and 2021, suggesting a similar pattern could emerge again.
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Supporting Marks' optimistic predictions, analysts Poseidon and Cryptollica projected that DOGE has the potential to double or triple its current value of around $0.121 after a recent major trend breakout.
They consider this breakout a key indicator that DOGE could be preparing for a significant upward trajectory.
Meanwhile, analyst Master Kenobi presented a more ambitious projection, drawing upon the DOGE price channel that has been in play since 2016.
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He predicted that DOGE could reach $0.89 by November 2024, $2.20 by February 2025, and possibly $6.90 by the end of March 2025. Kenobi's analysis suggests that DOGE's historical trading patterns indicate potential for substantial gains in the near future.
Skeptical Outlooks from Other Analysts
However, not all analysts share this optimism without reservations. Analyst Kaleo has cautioned that DOGE may face further declines before a significant bull run materializes.
Commenting on analysis updated on July 24, Kaleo suggested that previous bull runs have typically started 8-9 months after major market events, such as Bitcoin halvings.
The most recent Bitcoin halving occurred only two months ago, leading Kaleo to speculate that a substantial DOGE breakout may not happen until December 2024 to February 2025.
He also warned that DOGE could potentially retrace to the 8-10 cent range before any major upward movement, mirroring a pattern seen in August 2020.
As of writing, DOGE is trading around $0.1126, marking a 1.37% decline over the past 24 hours. As the market continues to navigate these volatile times, the future of DOGE remains a topic of intense speculation and analysis.
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