Home > Information news > DOGE Could Surge to $7: Expert Predicts Major Rally as Dogecoin Whale Activity and Optimism Increase – Is This the End of Zero After the Com...
DOGE Could Surge to $7: Expert Predicts Major Rally as Dogecoin Whale Activity and Optimism Increase – Is This the End of Zero After the Com...
Release:
2024/08/25 04:44 Reading: 474
Original author:Crypto News Flash
Original source:https://coinmarketcap.com/community/articles/66ca404d90152c55aefb6222
Dogecoin (DOGE) Price Predictions Surge, Aiming for New Highs
Dogecoin (DOGE) has sparked bullish sentiment among analysts, with predictions ranging from $10 to $50 in the upcoming bullish cycle.
Technical Analysis
- Crypto trader Dimaports36 sees DOGE potentially reaching $10, with further upside potential towards $36.
- Popular analyst Masked Trader anticipates a massive move for DOGE, targeting $20-$50 if it breaks above $1.
Pattern Recognition
- Analyst "Master Knobi" suggests that DOGE may follow a four-year pattern coinciding with Bitcoin halvings, potentially eliminating the zero after the decimal point and hitting $6.9.
Whale Activity
- Whale activity remains strong, with a 50% surge in investors holding over 10 billion DOGE in the past month.
- Large addresses purchased over 160 million DOGE in 48 hours, pushing collective holdings to a peak of 10.5 billion DOGE tokens.
Other Predictions
- Crypto analyst Javon Marks predicts a breakout based on the Relative Strength Index (RSI), targeting a potential price of $0.6533.
- Analyst Cryptorphic previously reported a similar prediction through CNF.
Conclusion
Dogecoin's recent price surge and high whale activity suggest a continuation of its bullish trend. Analysts anticipate significant gains in the upcoming cycle, with some predicting potential elimination of the zero after the decimal point.
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