Can Dogecoin rise to $18? Is this reliable?
You see, although the market has been a bit turbulent recently, a well-known market expert still believes that Dogecoin can rise sharply, and the target price is still in the double digits! However, many people around don’t think so, and pessimism is flying all over the sky.
Take this month as an example. Several bigwigs who analyze Dogecoin have been very optimistic. Even if the cryptocurrency market has not been very strong recently, they have not changed their words.
But the question is, are the price targets mentioned by these bigwigs really reliable? Take the target of $18 as an example.
Now Dogecoin has risen a lot compared to the beginning of last year, from $0.08956 to $0.30930, an increase of more than 245% in one year, which is already amazing. But some people, such as Ali Martinez, think this may just be the beginning, and Dogecoin can continue to rise.
Martinez thinks that Dogecoin can rise to $4, $18, or even $23. He said that these prices are inferred based on Dogecoin's previous historical trends, such as the big rises in 2017 and 2021.
Martinez also gave an example, saying that Dogecoin had risen from a very low price to $0.01857 before, and then rose to a historical high of $0.74.
Just a few days ago, Martinez once again expressed his confidence in Dogecoin, saying that according to the rising channel on the weekly chart, Dogecoin can rise to $18.
However, not everyone thinks so. Some people think that Martinez's goal is too unrealistic and simply whimsical.
To be honest, I am also optimistic about Dogecoin, but I also think the goal of $18 is a bit shaky. However, I still hope that Martinez is right!
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