Technical analyst Chandler Bing predicts that in the long term, the price of Dogecoin (#DOGE ) could rise sevenfold, reaching a range of $2.35 to $2.6, calling this forecast a "conservative scenario."
Bing's forecast relies on past market trends, where Dogecoin showed significant growth compared to Bitcoin and Ethereum during previous bull market phases.
Another investor, known by the alias CEO, also predicts significant growth for Dogecoin. Based on fractal analysis, he concludes that in 2025, DOGE could experience a powerful rally that will be "much more significant than in 2021."
Analyst Jevone Marks expects the price of DOGE to exceed $2.28. He comments: "The story hasn’t changed—it still points to a high probability that the price will reach the 1.618 Fibonacci extension level and even rise above it."
At the time of writing, DOGE is trading at $0.31. Over the past week, the price has fallen by 2.8%, and over the last 30 days—by 20.4%, according to CoinGecko data.
Earlier, Andreas Kol, co-founder of the Sequentia sidechain for Bitcoin, reported that he managed to temporarily stop 69% of the Dogecoin network nodes.