Can Dogecoin (DOGE) reach $10? Bold predictions from crypto experts have sparked excitement among investors. Does DOGE have the upward potential, and do the technical indicators support this forecast? What are the current price movements and potential targets for DOGE? Find all the answers in this report.
After the recent rally in the crypto market, many major assets are undergoing price corrections. Amidst this, a popular crypto expert on X predicted that Dogecoin could reach $10 in the coming year, creating a wave of excitement among DOGE investors. But is this feasible?
The expert analyzed Dogecoin’s weekly chart, noting that the meme coin is moving within a rising channel pattern. According to the analysis, DOGE could form higher highs and lows, potentially heading toward the $10-12 range. However, it was emphasized that this is a long-term target and could take a few years to materialize.
Dogecoin’s Current Price Movements
Dogecoin is currently trading at $0.114, having experienced a slight 1.5% dip in the past 24 hours. Despite this, there was a 37% increase in trading volume, indicating growing investor interest in the meme coin, especially with the upcoming U.S. elections fueling market activity.
Analysts have noted that DOGE recently broke out of a double-bottom pattern and found support at $0.112. If DOGE can close above $0.118, the price could increase by 20%, reaching the $0.135 level. According to the RSI, DOGE is in an oversold region, which could be a sign of an upcoming recovery.
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