#doge⚡
Will Dogecoin's price reach 1 dollar by 2025?
Elon's influence combined with Trump's support may heat up Dogecoin even more.
In October, Dogecoin's price surged over 75%, reaching 0.172 dollars, a new high since May. Looking at Dogecoin's trend, the price could potentially soar 500% by 2025, nearing the 1 dollar mark.
What does it mean for Dogecoin to break through this channel over the past three years?
Dogecoin's potential to hit 1 dollar is primarily due to its recent breakout from a large symmetrical triangle pattern that started in April 2021. In technical analysis, such symmetrical triangles are often continuation patterns, typically following the previous trend.
Dogecoin experienced a similar symmetrical triangle breakout between 2020 and 2021. Back then, Dogecoin broke the upper trend line in October 2020, resulting in a price surge of 31,375%!
Looking at the Dogecoin price chart from October, it seems this cryptocurrency is on the verge of another major breakout. According to technical patterns, Dogecoin could realistically reach 1 dollar by 2025, and it might even rise to 2 dollars in the coming years.
Dogecoin's weekly Relative Strength Index (RSI) is also a good sign. In July, the RSI rebounded from the historical support level of 46. Previously, such rebounds have followed consolidation patterns like symmetrical triangles. Therefore, if this breakout can hold, then Dogecoin's goal of reaching 1 to 2 dollars becomes more reliable, which means a price increase of 500% to 1000% from the current price.
Let's talk about the influence of Elon Musk and Donald Trump on Dogecoin's price.
Currently, Dogecoin's trading price is 0.1701 dollars, having risen 24.57% over the past week.
Why has Dogecoin surged so dramatically recently? It may be related to Elon Musk attending Donald Trump's New York campaign rally on October 27.
Recently, I plan to set up a potential coin that is ready to explode, doubling in value is quite simple, and I am also looking for some potential coins to hold until the end of the year, expecting a return of over 10 times is not a problem. If you want to keep up, leave a message, follow, like, and share freely.
