🔥🔥🔥 Expert Says #Dogecoin ’s $4 Price Target Is Realistic
Dogecoin Could Break $4, Analysts Predict
- On November 19, Dogecoin (DOGE) showed signs of strength, with analysts speculating that it could break the psychological $4 mark in its next cycle. At the time, DOGE was trading around $0.3815, reflecting a 3.7% increase in 24 hours, with a daily range between $0.3591 & $0.3835.
Analyst Forecasts $4 Target for Dogecoin
- Crypto analyst Zer0 believes Dogecoin could surpass $4, citing its strong narrative & market presence. If DOGE hits $4, its market cap would reach $584 billion, driven by Dogecoin's popularity & developments like the Department of Government Efficiency (D.O.G.E). Another analyst, Bluntz, suggests Dogecoin could see gradual growth before experiencing a sharp, parabolic rise, echoing the bullish sentiment after its recent breakout.
Trigger Behind Dogecoin’s Breakout
- DOGE briefly reached $0.4391 before consolidating as investors took profits. The formation of a symmetrical triangle pattern indicated a bullish pennant, with increased interest from large holders, particularly whales holding 10–100 million coins. This surge in whale activity, reported by Santiment analytics, contributed to the breakout. As trading volume tapered during consolidation, a clear breakout signal was awaited by traders.
Key Technical Levels
Dogecoin’s price chart shows an uptrend with a major impulsive wave followed by consolidation in a symmetrical triangle. Key resistance levels include:
1. $0.44 (local high)
2. $0.55 (major resistance)
3. $0.76 (projected target)
Key support levels:
- $0.36 (local support)
- $0.31 (swing low support)
Technical indicators favor a bullish bias, with recent candles near the breakout zone showing small bullish candlesticks, signaling upward momentum as buyers re-enter.
Conclusion
Dogecoin could be poised for a significant rally, potentially breaking the $4 mark if it clears key resistance levels & continues its upward trajectory, driven by increasing whale interest & positive technical indicators.
