Veteran trader and chartist Peter Brandt has expressed optimism about the price outlook for Dogecoin (DOGE), predicting that the coin could hit a new record high in the near future. In a post on X on Wednesday, Brandt said he sees positive signs from technical indicators that signal a strong rise in DOGE is imminent.
“We believe in Musk,” Brandt stated, referring to the billionaire’s strong influence on DOGE’s development.
While Musk has emphasized that much of his support for Dogecoin is playful, he has made no secret of his belief that DOGE could become “the people’s cryptocurrency” thanks to its low transaction costs and widespread appeal. Musk’s statements and actions continue to have a strong impact on Dogecoin’s market value, sparking interest and creating major fluctuations in the cryptocurrency community.
