Analyst Ali Martinez believes that Dogecoin (DOGE) could grow by 4,443% and reach $18. The basis for the forecast is a stable ascending price channel, which continues to attract attention amid the crypto mania.
Today, Dogecoin has already shown a 53% increase, rising in price from $0.2846 to $0.4359. The last time DOGE reached such heights was during the 2021 bull market. Over the past two weeks, its price has increased by 205%, and over the past month - by 330%, which has increased analysts' interest in the coin's further prospects.
🔹 DOGE Growth Potential to $18
Martinez notes that DOGE is moving in an ascending channel with two key levels: the middle and upper boundaries. Upon reaching the middle border, the price may be $2.40, and in case of a breakout to the upper one - up to $18.
Thus, from the current level of $0.3962, a growth of 506% will be required to reach the first level, and 4.443% to realize the bold forecast to $18.