Analyst Maps Out Dogecoin Price Arc To $3 Using A Logarithmic Scale

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	19,707,190,068	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

19,707,190,068

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00212	0.94%	0.228815	0.22878	0.228815

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00212

0.94%

0.228815

0.22878

0.228815

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.228891	0.225318	0.226695	0.226695	0.077142 - 0.449994

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.228891

0.225318

0.226695

0.077142 - 0.449994

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	07:43:28	60.45	0.228815	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

07:43:28

60.45

0.228815

USD

Price x Volume	Volume	Base Symbol	Related Pairs
40,861.99	179,807.25	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

40,861.99

179,807.25

Analyst Maps Out Dogecoin Price Arc To $3 Using A Logarithmic Scale

28/11/2024 11:30pm

NEWSBTC

Crypto analyst KrissPax has predicted that the Dogecoin price can rally to as high as $3 in this market cycle. The analyst further explained how the foremost meme coin will reach this price target using the Logarithmic scale. Dogecoin Price To Reach $3 In an X post, KrissPax highlighted a path for the Dogecoin price to reach $3. He drew attention to a Dogecoin chart that connects the monthly tops of 2017 and 2021, with an arc representing diminishing returns with a larger market cap, using a logarithmic scale. He suggested that the first step to reaching this $3 target will be for Dogecoin to reach $1. However, the analyst is convinced that the meme coin can reach $3 in this cycle. Based on crypto analyst Trader Tardigrade’s recent analysis, this Dogecoin price rally to $1 could happen soon, putting the rally to $3 in motion. In an X post, the analyst said the Dogecoin Relative Strength Index (RSI) has been bouncing up from the oversold zone on a 4-hour chart. The recent RSI bounces from the same zone caused Dogecoin to surge 40% and 200%. The crypto analyst added that the pump intensity is even getting stronger. In line with this, he remarked that it won’t be surprising if the Dogecoin price spikes beyond the 200% level and rallies above $1.15. Trader Tardigrade also recently predicted that Dogecoin could rise as high as $3.52. This came as he noted how the meme coin always enjoys a 2x increase from previous local tops. Meanwhile, as these crypto analysts have suggested, this $3 target might not be the market top for the Dogecoin price in this market cycle. Crypto analyst Philip recently predicted that Dogecoin could at least reach a conservative target of $5. The analyst made this prediction in relation to DOGE’s performance in previous cycles. Anything Above $5 Is Unrealistic In an X post, crypto analyst Master Kenobi asserted that any chart projecting the Dogecoin price above $5 in this market cycle is unrealistic. He made this claim in relation to what Dogecoin’s market cap would be if it were to reach targets above $5, which he believes cannot happen in this bull run. Master Kenobi warned investors about looking forward to these price targets above $5 as they risk becoming bagholders for another four years. As to how high he believes the Dogecoin price can rise in this cycle, the analyst predicts that the range between $1 and $2 is realistic. He is confident that the rally to $1 could mirror Bitcoin’s rally from $1,000 to $10,000, and the rally to $2 could happen the same way BTC rallied$10,000 to $20,000 in just two weeks. At the time of writing, the Dogecoin price is trading at around $0.4, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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