As of December 12, 2024, Dogecoin (DOGE) has increased in price by 6.63%, reaching Rp6,606 in the last 24 hours. Analysts project the potential for DOGE to increase to $3 in the near future, with a long-term target of $18.
Whale activity also influences price movements, with large transfers of DOGE to platforms such as Robinhood fueling speculation of a price rally. Crypto analyst Ali Martinez stated that DOGE is still in the early stages of a bullish cycle, with the potential for an increase to $3 and even $18 in the long term.
In addition, technical analysis shows a breakout opportunity for DOGE, with the price successfully breaking out of the Symmetrical Triangle pattern, indicating a bullish trend. Analyst Trader Tardigrade predicts that the price of DOGE could reach between $8 and $10 before experiencing a correction.
However, the overall crypto market is also volatile, with massive liquidations affecting the price of crypto assets, including DOGE. Investors are advised to remain vigilant and do in-depth research before making investment decisions.
