Will Dogecoin leap soon? Analysts predict DOGE will soar to $4 within a week, an increase of over 1000%
Santini, the founder of Elemento Cripto, made this prediction based on the price fluctuations of Dogecoin since its launch in 2017. He noted that before Dogecoin rises again, it may experience a period of correction, which could last a month or longer.
After the results of the U.S. presidential election were announced in early December, the price of Dogecoin once soared to a high of $0.48, but it is currently in a correction phase. Since then, the price of Dogecoin has fallen by 35%. However, Santini believes that this price drop is actually a normal phenomenon in the market cycle.
Santini pointed out that, based on Dogecoin's historical trends, market trends often exhibit repetitive characteristics during each adjustment period. He analyzed Dogecoin's weekly chart and mentioned that each mid-term cooling period lasts about a month. He predicts that after this adjustment, Dogecoin will experience a strong rebound, potentially breaking $4 within a week. Considering the current price of about $0.3253, this means Dogecoin has the potential to rise over 1,168%, which is quite astonishing.
The performance of Dogecoin has sparked excitement and concern among investors. Some investors adopt a conservative attitude towards cryptocurrencies, mainly due to their high price volatility, while others see profit potential and are ready to seize the opportunity. Despite the widespread attention on this adjustment, analysts like Santini believe that such volatility is actually a norm in the market, often signaling a significant rise to come.
