Leading meme coin may see a massive price hike in 2018. next year. Specifically, Dogecoin One analyst believes that a dollar DOGE will be available in 2025. Technical analysis suggests that tokens will be able to benefit from a bull market based on Elliot Wave.
Dogecoin is certainly struggling this month. The meme coin’s value has dropped almost 20% over the last thirty days. CoinMarketCap. Many are worried about a possible turnaround, as it currently trades at $0.12. Some experts, however, are anticipating a huge ascent for the top altcoin.
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Dogecoin at $1 in the Next 12 months?
Big Mike is a cryptocurrency expert who believes Dogecoin could reach $1 by the year 2025. Trading View report. He bases his analysis on the previous bull cycle where DOGE finished a five-wave Elliott Wave pattern. DOGE reached a high of $0.70.
After the bull run, the market went through a period of steep correction. Dogecoin was as badly affected as the other cryptos. Big Mike noted, however, that since 2023 the token entered a 5-wave pattern. As the nascent pattern is entering this new iteration, analysts expect it to reach a higher peak price.
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DOGE has just begun the third phase. This wave is typically the most volatile and longest. It is even more true if the context for the wave is bullish. According to the analysis, wave 3 will peak around $0.60.
The next wave should be the most interesting, even though an ascending channel is predicted to pull Dogecoin all the way down to $0.20. Big Mike believes that DOGE will surpass the $1 threshold. To confirm this expectation, DOGE will face off with several crucial levels.
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Another analyst also predicted DOGE to increase in price by $2. next year. Crypto analyst Kaleo Recent predictions predicted Dogecoin to benefit from an increase in the value of the cryptocurrency. “meme coin supercycle” Dogecoin is now trading at a price far higher than the US dollar. He predicts that “we most likely have a little bit of time left to prep before it happens.”
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Source: watcher.guru