DOGE Set for Massive Rally Despite Sideways Movement: Analyst

• Analyst claimed that Dogecoin (DOGE) might reach $1.
• Dogecoin might extend its rally to $0.1 if buyers regain control.
• A break below the $0.080 support could erase more gains and send the coin to $0.078.

Hov, a certified Elliott Wave analyst, posted on X, noting that Dogecoin’s (DOGE) price would climb significantly. Despite his bullish forecast, Hov admitted that reading the price action on a micro timeframe was difficult. 

The analyst, however, opined that a retest of the $0.06 support could offer a good entry for those looking to buy the meme coin.

On January 26, Hov pointed out that DOGE was close to its bottom. Using the Elliott Wave  Theory, the analyst posted a chart showing how Dogecoin would rise above $1. For context, the Elliott Wave Theory can predict long-term price movement based on repeating patterns or…

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