Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	61,484,910,780	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

61,484,910,780

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.01331	3.27%	0.42027	0.42029	0.42036

Price Change

Price Change %

Current Price

Bid Price

Offer

0.01331

3.27%

0.42027

0.42029

0.42036

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.42462	0.40027	0.40963	0.40696	0.074194 - 0.480780

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.42462

0.40027

0.40963

0.40696

0.074194 - 0.480780

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	20:30:29	54,085.64	0.421158	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

20:30:29

54,085.64

0.421158

USD

Price x Volume	Volume	Base Symbol	Related Pairs
176,406,617.62	425,486,273.85	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

176,406,617.62

425,486,273.85

Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why

03/12/2024 8:00pm

NEWSBTC

The Dogecoin price has continued its consolidation just below the $0.44 level, but positive sentiment remains at a multi-year high. Crypto analyst Kevin, known on the social media platform X as @Kev_Capital_TA, has shared an updated perspective on a positive trajectory for the Dogecoin price, maintaining that the range of $1.30 to $1.50 is still a viable target. His recent post pointed to this price zone as a critical point of interest on his macro chart, aligning with the current market sentiment surrounding Dogecoin. Revisiting Kevin’s Macro Analysis And Earlier Projections This bullish prediction regarding the Dogecoin price builds on Kevin’s earlier analysis from September 18, where he outlined broader price targets as it approached a golden cross on the weekly timeframe for the first time in four years. This technical pattern is often seen as a signal of sustained bullish momentum. Related Reading: Bitcoin Price At $245,000? Here’s When You Should Be Expecting It Back then, he suggested that the Dogecoin price performance during this cycle could lead to price levels ranging from $0.93 for moderate growth to as high as $3.80 in an exceptionally strong market environment. Interestingly, both of these targets would see the Dogecoin price trading at new price territories higher than the 2021 peak. At that time, the Dogecoin price was trading at $0.10 and was on its way to break above the upper trendline of a descending channel. Since then, it has reached a peak of $0.44, translating to a 340% increase. Since the analysis, the meme coin has manifested this golden cross, prompting a strong bullish outlook for its price trajectory. Kevin’s updated $1.30-$1.50 target represents a midpoint that reflects both the coin’s current trajectory and the potential for continued growth under favorable conditions. The Path To $1.5 Dogecoin’s chart patterns and broader market sentiment support Kevin’s optimism. At the time of writing, the Dogecoin price is trading at $0.4237 and has declined by about 2.5% in the past 24 hours since it reached a peak of $0.44. Interestingly, this $0.44 peak saw the Dogecoin price reach its highest point since May 2021. Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 Reaching the $1.30 or $1.50 price targets would translate to a further 172% and 240% increase, respectively, from the current price level. However, the first step would be a decisive break above $0.44 and then a successive break above its current all-time high of $0.7316. Having already climbed by 330% over the past six weeks, Dogecoin is displaying signs of sustained growth, supported by market conditions and technical indicators. Dogecoin enthusiasts are eagerly anticipating the outcome of the scheduled address by Department Of Government Efficiency leaders Elon Musk and Vivek Ramaswamy to Congress on December 5. Featured image created with Dall.E, chart from Tradingview.com

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DOGEUSD Dogecoin