Can Dogecoin Achieve a $4 Value?

The anticipated price spike for Dogecoin has piqued the interest of experts and investors. Elemento Cripto creator and market analyst Javier Santini has made a daring prediction: memecoin might hit $4 within a week following its present corrective phase. This has prompted conversations.

The crypto expert said that 35% drops from recent highs of $0.48 are normal and expected in the market. This cooling down period usually lasts almost a month before a rally is triggered, says Santini.

The current price of DOGE is about $0.33; if this forecast comes true, the cryptocurrency may see an extraordinary increase of more than 1,168%.

Still another expert is on board with $4 as a target, and they even see a possible increase to $4.20. He says that the 1,000-day accumulation trend of DOGE is the reason for his confidence. The largest memecoin has solid underlying support, as seen by this trend.

Investors remain divided on memecoin's volatility, despite the euphoria. Some worry about its unpredictable nature, while others see it as a chance to make a lot of money. According to Santini and other analysts, these kinds of swings are typical before big rallies.

Long and short holdings in DOGE were equally split in the $9.2 million liquidations. Everyone involved in trading and investing in DOGE is unsure about this.


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