Dogecoin is under short-term pressure, but its long-term potential remains to be unleashed

Dogecoin (DOGE) is currently facing severe challenges. The recent decline has intensified and it has lost key support. Analysts have warned that it may fall another 38%-40%. Market sentiment is sluggish, and a rebound requires a significant market recovery. However, on-chain data reveals an optimistic side: more than 70% of DOGE holders are still profitable, and nearly 70% of them have held positions for more than one year, demonstrating the firm confidence of long-term investors.

Although the short-term outlook is gloomy, long-term growth expectations remain attractive. Forecasts show that DOGE may surge by 114% in the next three months, grow by 61.58% within six months, and is expected to achieve a 64.49% increase by the end of the year. These forecasts are based on the assumption of market stability and positive signals from technical indicators.

To sum up, Dogecoin’s short-term fluctuations are unpredictable, but in the long run, if the market environment warms up, its potential cannot be underestimated. #DOGE原型柴犬KABOSU去世 #doge⚡ #DOGE等待期ETF #Dogeverse #美国CPI数据连续第4个月回落