Dogecoin (DOGE) Shocking Suspense: Can It Follow Bitcoin (BTC) to Reach the $0.90 Peak?
Past experiences suggest that the recent high position of Bitcoin might drive other assets higher. If this trend continues, as a leading meme coin, Dogecoin (DOGE) has a great chance to follow BTC's lead and create new price highs.
At the time of writing this article, the DOGE price is $0.3997, with a 24-hour increase of 2.19% and a monthly increase of 5.5%. Although the daily and monthly increases are quite remarkable, this meme coin has seen a decline of 8.16% over the past seven days. In November, after Donald Trump won the U.S. presidential election, the cryptocurrency market experienced an extraordinary rebound.
However, given the increasing expectations for the Federal Reserve meeting, the market has recently stagnated. Market experts point out that if the Federal Reserve takes a dovish stance, DOGE and other assets may rebound again. In the coming months, DOGE's price will undergo consolidation. I believe that DOGE will at least maintain its current level before February 20, 2025, and it will rise before the end of February 2025, reaching $0.90 by March 15, 2025. An increase from the current price level to $0.90 would result in approximately a 125% increase.
However, Changelly has given a bearish prediction for Dogecoin. The platform expects Dogecoin to drop to a low of $0.351 in March 2025. Based on the current price level, the target of $0.351 would mean a decline of about 13.33%. This technical pattern is often associated with upward price trends, indicating that Dogecoin is about to enter another bull market. Tardigrade predicts a target price for Dogecoin of $8 to $10, which means significant upside potential for loyal holders.
