Is Dogecoin about to take a leap? Analyst predicts DOGE will surge to $4 in a week, an increase of more than 1,000%

Santini, the founder of Elemento Cripto, made this prediction based on the price fluctuations of Dogecoin since its launch in 2017. He pointed out that before Dogecoin rises again, there may be a period of correction, which may even last for a month or more.

After the results of the US presidential election were announced in early December, the price of Dogecoin once climbed 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 pullback is actually a normal phenomenon in the market cycle.

Santini pointed out that judging from the historical trend of Dogecoin, market trends tend to show repeated characteristics during each adjustment. He analyzed the weekly chart of Dogecoin and mentioned that each mid-term cooling-off period lasts about a month. He predicts that after this adjustment, Dogecoin will usher in a strong rebound, which may end soon and break through $4 as soon as within a week. Considering the current price of about $0.3253, this means that Dogecoin has the potential to rise by more than 1,168%, which is quite amazing.

Dogecoin's performance has caused excitement and concern. Some investors are conservative about cryptocurrencies, mainly due to their high price volatility, while others see the potential for profit and are ready to seize the opportunity to profit. Although the adjustment has attracted widespread attention, analysts like Santini believe that such fluctuations are actually the norm in the market and often indicate that significant gains are coming.