Dogecoin: A springboard from a correction to a bull run! Experts predict a 7,200% surge, and $10 is within reach in the future!
Although Dogecoin has fallen for seven consecutive days, there seems to be light at the end of this decline.
We analyzed some key indicators to assess the possibility of an explosive breakout.
Dogecoin's rebound at the beginning of this year proved that it can still attract a lot of demand. However, in the past three months, the bulls of Dogecoin have struggled to regain their dominance.
While this result may shake the hopes of DOGE holders, it is purely a matter of personal opinion.
While the regular price chart of Dogecoin does not appear particularly impressive, its logarithmic chart shows a different trend.
From the logarithmic chart, DOGE is in a huge breakout range, and this breakout may happen at any time.
The same chart also shows that this bull run of the memecoin may be stronger than the past two.
Based on the analysis of the logarithmic chart, Dogecoin may usher in a 7,200% increase, and it may even reach $10.
These findings are consistent with the expectation of an explosive breakout. Fewer traders creates an opportunity for demand, which drives prices higher amid lower selling pressure.
