Key Targets and Analysis
Crypto analyst Kevin believes Dogecoin (DOGE) could rally an impressive 2,500% during this bull cycle. He highlights several key price targets:
- $3.80: This level represents the 1.1618 Fibonacci extension, which DOGE has historically surpassed.
- $0.95 and $1.35:
These are notable targets based on previous performance.
Kevin acknowledges that reaching these heights may be more challenging due to market saturation, but it remains a possibility.
Bullish Outlook
Kevin’s analysis paints a bullish picture for DOGE. He believes it will overcome its current downtrend and continue its upward trajectory. A monthly close above $0.16 would confirm this bullish trend.
Cautionary Note
Pav Hundal, an analyst from Swyftx, cautions that DOGE may not reach $1 as some predict. He cites selling pressure from investors who bought at its peak and the increased competition in the meme coin market.
Current Price
At the time of writing, DOGE is trading at around $0.145, down slightly in the past 24 hours.
