Is Dogecoin going to fly? Analysts predict that it can rise to 1 to 20 US dollars!
Ali Martinez, an analyst in the cryptocurrency circle, said that Dogecoin may usher in a big rise, rising like a parabola!
Ali Martinez, this analyst, thinks that Dogecoin will be popular and can rise to more than 1 US dollar, and maybe even to 20 US dollars!
Is Dogecoin going to break the 1 US dollar mark?
Ali Martinez posted a post on AX with a picture in it, saying that if Dogecoin reaches the middle of the rising channel, it can rise to more than 1 US dollar, and may even touch 1.9 US dollars. If Dogecoin really rushes to 20 US dollars, it will be amazing, directly reaching the upper boundary!
History is always surprisingly similar
Martinez also looked at the performance of Dogecoin in the past and found that there is a pattern before each big rise of Dogecoin. In 2017, Dogecoin rose 212%, then pulled back 40%, and then soared 5000%! In 2021, it rose 476%, pulled back 56%, and then rose 12000%! This time, Dogecoin has risen 440% and pulled back 46%. Maybe there will be another big rise, 5000% or 12000% is possible!
Dogecoin is already in the rising channel
There is also an analyst trader who said that Dogecoin is already in the rising channel and is about to touch the upper boundary. The breakthrough may be just around the corner! He also mentioned the big rise in January 2021, suggesting that there may be big moves in January 2025!
Is Elon Musk also here to help?
Trader Tardigrade said that Elon Musk will be the head of the Department of Government Efficiency (D.O.G.E) in January 2025, which may make Dogecoin reach a new high!
Dogecoin rebound is just around the corner
Ali Martinez recently posted another post saying that Dogecoin is going to rebound! He looked at the daily chart of Dogecoin and felt that the buy signal has come! He also drew a picture saying that Dogecoin may rise to $0.48 in the short term!
Huanbu also thinks that Dogecoin is going to rise
Huanbu said that Dogecoin is now in the first half of the second wave of rise, and it is just a little bit away from the orange line! He thinks Dogecoin will soon resume its upward trend!
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