Analysts Predict Significant Gains for Dogecoin and PYR Coin

Analysts Predict Strong Performance for Dogecoin (DOGE) and PYR Coin

Amidst persistent market volatility, Bitcoin remains around $57,500, while altcoins have experienced a downturn. Experts anticipate the current uncertainty will continue until the Federal Reserve's meeting on September 18th and ensuing announcements.

Dogecoin (DOGE)

Pseudonymously known analyst JAVON analyzed Dogecoin (DOGE), the leading meme coin by market capitalization. Awaiting a falling wedge breakout, he predicts potentially more than doubling its current value. DOGE is expected to be a key performer if the broader market sees a sustained upward trend in the final quarter.

JAVON anticipates a potential price surge by early October and sets mid-term price targets:

"Dogecoin appears to be working on a multi-month Falling Wedge breakout, and a successful breakout would mean more than a 100% increase in price. It could return to $0.22. Of course, our higher target of $0.653 remains intact."

PYR Coin Price Target

Analyst Daan Crypto Trades focuses on PYR Coin, highlighting its recent recovery from a low of $2.5. With Bitcoin providing support, he anticipates further upside:

"PYR is making a higher low after the first impulse from the bottom of the range. There is a significant level here, but this level was quite resistant during the downward movements. BTC price needs to be somewhat supportive during this trial. If so, the moves towards the targets may continue."

For BTC to maintain strength, it must close the week above $57,000. While the possibility of this before the Fed meeting remains uncertain, avoiding a further dip below $55,000 today is a positive sign.