Expert Says $1 Milestone “Is Not Far Off” Dogecoin Gains Momentum

After surpassing $0.42, Dogecoin's recent price climb may have stalled, causing a short retracement. Several crypto experts expect the dog-themed meme currency to rise to new highs, notably $1.

For Dogecoin, $1 Milestone Still Possible?

Master Kenobi, a market guru, predicted Dogecoin will hit $1 in a comparative study. It's possible that the meme coin will reach this critical stage in the cycle based on prior patterns.

Kenobi said before the $1 milestone that DOGE will likely start at the current all-time high of $0.7, which translates to a market worth of roughly $100 billion. The expert said that these two psychological levels diminish extreme rejection.

The all-time high may lead to rejection and consolidation, but DOGE reaching $100 billion in the ATH zone would be “mega free advertising” for the meme currency, boosting price growth.

Kenobi believes the $1 milestone is far more meaningful and “not far off.” DOGE has been expected to reach the range since its debut, and the expert believes the enthusiasm would approach Bitcoin's $10,000 moment in November 2017.

If the market rises in the next days, Dogecoin might hit $1 by December 1, citing November 29 as a key day. "Momentum could push it higher, but I wouldn't expect it to exceed $1.2–$1.3 before a bigger pullback," he said.

Two Possible Futures

Kenobi has identified two major possibilities for investors to watch in DOGE's price behavior based on past patterns and indications. A short standstill followed by a lesser pump and a prolonged stagnation followed by a powerful pump are examples.

The expert said the last cycle stagnated at the blue trendline on his graphic. In this cycle, discussions in this zone seem to be progressing well.


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