Dogecoin New Prediction: Price May Surge by 570% to Reach $2.28
Dogecoin (DOGE) is expected to welcome a new wave of growth, with predictions showing its price could soar past the $2 mark. Let's take a look at how this token can set a new high!
This year, Dogecoin has really been a rollercoaster, with prices surging and then retreating. However, things have changed significantly since Elon Musk announced the establishment of the D.O.G.E. department, which reportedly takes inspiration from Dogecoin to keep an eye on how the government spends money. Can Dogecoin leverage this tailwind to hit new highs again? Some analysts think so.
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Dogecoin to rise by 570%? How will it rise?
Dogecoin is currently a hot item in the cryptocurrency space. This year, this token has made significant progress with continuous new movements, and the price has followed suit. With a change in government in the U.S., Dogecoin has become even more popular, especially with Musk and Ramaswamy establishing the D.O.G.E. department to scrutinize government accounts.
These good news have caused Dogecoin's price to skyrocket. One cryptocurrency analyst even predicts that Dogecoin is about to explode. Javon Marks mentioned that Dogecoin's price needs to rise, and it might happen soon.
Marks tweeted that if Dogecoin can surpass the 1.68 Fibonacci extension line like before, it could rise all the way to $2.28.
This means Dogecoin needs to increase by about 570%, leading to another surge!
“New Developments for Dogecoin: The historical pattern remains unchanged; it is still very possible for the price to surpass the 1.618 Fibonacci extension line, just like in every previous cycle. This could lead to a price increase of over 570%, directly pushing it above $2.28!”
New Developments for Dogecoin:
As per the old rules, the historical pattern still holds; it is quite possible for the price to rise above the 1.618 Fibonacci extension line, just like in every previous cycle.
In this case, Dogecoin could increase by over 570% from here, directly rising above $2.28!
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