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Can Dogecoin Reach $4? Expert Predicts Potential Breakout
Dogecoin has become the subject of intense scrutiny from analysts and investors, especially following recent predictions suggesting a potential price surge. Market analyst Javier Santini has captured attention with his forecast that Dogecoin could reach $4 within a week after completing its ongoing correction phase.
Analyst’s Perspective
Javier Santini, founder of Elemento Cripto, bases his prediction on historical price trends since Dogecoin’s inception in 2017. He explains that corrections below all-time highs (ATH) typically last for a month or more before the coin begins to rise again.
Santini observed that every mid-correction since Dogecoin’s launch has lasted about one month, with a significant recovery happening shortly after.
He further predicts that the first major surge will occur next week, with Dogecoin potentially reaching $4 in just a week, alongside other significant gains for cryptocurrencies like XRP, which he forecasts could hit $25.
Santini's analysis suggests that the upcoming price movement may catch many by surprise.
Recent Market Movements
Dogecoin experienced a high of $0.48 in early December, following the US presidential election results, but has since fallen by 35%. Despite this drop, Santini views the decline as a normal part of Dogecoin’s market cycle. He notes that previous corrections have followed similar patterns, with each mid-correction lasting approximately a month.
Santini is optimistic that Dogecoin will soon end its current correction phase, and predicts a major rally that could send the coin soaring to $4 in just a week. Given its current price of around $0.3253, this forecast suggests an incredible potential rise of over 1,168%.
