A bullish analyst predicts a $2.9 Dogecoin price

Analyst published a chart in his DOGE update indicating that Dogecoin might reach $2.8 this market cycle. The analyst clarified Dogecoin's bullish prognosis. First, he mentioned the “zoom-out” perspective, which remains bullish but may alter somewhat to reflect a Bitcoin dominance drop.


An analyst suggested the Dogecoin price may be equal to January 4, 2021, in the 2021 bull run after reviewing the chart. If so, the analyst predicted volatility. The price plunged 55% over two red weeks in the past cycle, he said.

Analyst reiterated the 91-day schedule. He said the series ends on December 9. If that doesn't happen, the analyst predicts the series will finish between December 9 and 23, 2024.

Master Kenobi expects Dogecoin to hit $2.8 between December 9th and 23rd based on the last cycle. He said he was staying anchored since he couldn't conceive what fundamentals could cause such a huge change.

According to the expert, the conservative strategy implies a range of $1 to $1.45, double Dogecoin's all-time high (ATH), during this timeframe.

Why $DOGE Matters

In his new study, analyst revealed why Dogecoin remains the main focus. He likes DOGE because it delivers the most data for analysis. He noted that the leading meme coin represents altcoins to some extent.

The analyst also said he could evaluate utility coins, which are not meme currencies, but he ignores their technology. Master Kenobi called these technical advances “fugazi” and a diversion from what counts.

Analyst concluded that if Dogecoin concludes this week in green, it will be the second-longest streak in DOGE's history with six consecutive green weeks. The longest streak was eight weeks, November 2017–January 2018.

Dogecoin is currently selling at $0.42, down over 2% in 24 hours, according to CoinMarketCap.

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