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Jakarta, Pintu News –The latest analysis from DOGECAPITAL, a leading crypto analyst, is very bullish about the Dogecoin DOGE->Harga DOGE Saat IniRp 0Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0 price, with predictions reaching up to $90.
Here’s an in-depth look at when and how Dogecoin (DOGE) reached this value!
DOGECAPITAL reveals that Dogecoin (DOGE) has the potential to reach a price peak of $90 by the end of 2025. This analysis is based on historical price patterns and market projections which suggest that the third phase of the Dogecoin (DOGE) price surge will reach the parallel red zone.
This zone is identified as a potential top in the current market cycle. According to the analysis, this red zone has a lower boundary at $26, which is the minimum target in this cycle.
The price movement of Dogecoin (DOGE) is expected to follow an increasing trajectory over time, according to the slope of the predefined line. When Dogecoin (DOGE) enters this red zone, it will determine the peak of the current market cycle.
Also read: Jan3 CEO Samson Mow: “Bitcoin (BTC) Price Predicted to Hit $1 Million by 2031”
Before reaching a spectacular peak, DOGECAPITAL predicts that the second phase of the Dogecoin (DOGE) surge will begin as soon as the market bottom is fully confirmed. In this phase, the Dogecoin (DOGE) price is expected to surge past $2.
his behavior mirrors the trend that occurred during the price spikes in 2017 and 2021. Weekly analysis shows that Dogecoin (DOGE) candlesticks continue to be at the same level of parallel lines, mimicking the behavior that occurred in the previous two bull runs.
This indicates that this second phase will be a pivotal point before entering the third phase, which will take Dogecoin (DOGE) to new heights.
Read also: Crypto market shaken ahead of US CPI data release, what’s next for Bitcoin (BTC)?
Meanwhile, another crypto analyst, Trader Tardigrade, also made a positive prediction, stating that the Dogecoin (DOGE) price could reach $3 in the near future. This prediction is based on the formation of a monthly Doji candle, which is similar to the position in the previous cycle that triggered the big spike.
Ali Martinez, another analyst, added that if Dogecoin (DOGE) manages to maintain support at the lower boundary of the channel at $0.17, this could trigger a strong rebound towards $2.74. However, there is a chance that Dogecoin (DOGE) could experience downward pressure before a price rebound occurs, with a potential drop of up to 42% to its lowest point in five months at $0.11.
While there are some short-term downside risks to the price, the long-term outlook for Dogecoin (DOGE) remains extremely bullish. With in-depth analysis and predictions from various analysts, investors and crypto enthusiasts around the world, may witness one of the most dramatic price spikes in Dogecoin (DOGE) history in the coming years.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
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