DOGE Poised To Climb to $6.50 in the Next Several Weeks: Analyst

• The cryptocurrency analyst and trader Shelby predicted that DOGE could rise to as high as $6.50 in the long term.
• The bullish outlook comes after DOGE rebounded off of a positive trend line on its weekly chart.
• At press time, DOGE was trading hands at $0.0713 following an 8.59% 24-hour gain.

The cryptocurrency trader and analyst Shelby predicted in an X post yesterday that the price of Dogecoin (DOGE) may soar to as high as $6.50 in the long term. His bullish outlook on the meme coin comes after DOGE bounced off of a long-term positive trend line on its weekly chart.

From a shorter-term perspective, DOGE was able to achieve a 24-hour gain, according to CoinMarketCap. At press time, the cryptocurrency market tracking website indicated that DOGE was trading hands at $0.0713 following an 8.59% uptick in its value throughout the past day of trading. This pushed its weekly performance deeper into the green zone to +22.54% as well.

Interestingly, DOGE’s performance over the past 24 hours made it the best-performing cryptocurrency in the top 10 list …

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