$DOGE

The Doge coin has been going through a recent wave of increases that has raised questions about its expected prospects. While some expect it to reach the $3 mark, analyst Kevin Capital’s view was more cautious. In a comment he recently published on the X platform (formerly Twitter), he indicated that although the price recorded - during previous bull market cycles - “its new highest levels” when it reached the Fibonacci extension level of 1.618, given that it is - this time - at the $3.90 level, the analyst believes that reaching it is unlikely during this cycle.

On the other hand, the famous analyst expects the price to target $1.80, and this will be conditional on the strength of Bitcoin’s performance. Despite his reservations about his target of $3, Capital highlighted the expected “golden cross” pattern, which may be formed by price movements on the weekly chart, which is a promising technical indicator that was last formed 4 years ago. If the pattern is repeated again, the DOGE price may witness relative stability followed by sharp increases starting in December and extending until the spring of 2025.

Price target: $3.90 (unlikely to be reached)

Alternative target: $1.80 (conditional on Bitcoin’s performance)

Golden cross pattern: Its formation may precede the start of a bullish waveTrigger for the start: Weekly close above $0.18