Dogecoin has lately been attracting heavy momentum. The token is currently in mainstream news primarily due to Musk’s new Department of Government Efficiency or D.O.G.E. promotions, followed by his impromptu mentions of Doge occasionally. Apart from that, Dogecoin’s popularity is also sparking high, with meme coins gathering immense traction as of late. Will Doge ever be able to jump and claim the coveted price marks of $0.70 to $1? One prediction claims so.
Also Read: Bitcoin To Drop To $20,000? An Eerie Pattern Signals BTC Doom Drop
Dogecoin Price Path Is Due For A Transformative Change
Dogecoin is currently sitting at $0.31, up 1% in the last 24 hours. The token has noted remarkable price rallies this year, especially after Tesla chief Elon Musk announced the formation of the Department of Government Efficiency or D.O.G.E. Furthermore, Musk, alongside Trump, is set to take the crypto world by storm, as both of the entities are strong pro-crypto personalities, which is adding more strength to the realm and to Dogecoin as well.
Amid all this, a new price prediction is claiming Dogecoin will hit new highs as the token takes on a new path. Per Javon Marks, Dogecoin is currently basking in a price “pullback,” a pattern that was also noted in the token’s earlier price stats and cycle.
The expert later shared a compelling insight, adding how the recent pullback can further push Dogecoin to a meteoric high. Marks estimated a 122% surge for Doge, which can catapult its price to hit $0.73 in the near future.
“The recent pullback in $DOGE (Dogecoin) looks to have been something prices have encountered before last cycle, JUST BEFORE A PUSH TO AND BEYOND ALL-TIME HIGHS! Looking to be similar positioning, we can prepare for another >122% (>2.22X), at the minimum, to and beyond $0.73905…”
Also Read: Dogecoin Eyeing $1.3 in 2025? When DOGE Could Set New ATH
The Token’s Technical Price Mark and Trajectory
While Dogecoin basks in bullish momentum and attention, technical platforms like CoinCodex have a different story to tell. Per CC, Doge may further drop to hit $0.27 by mid-January 2025.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -10.72% and reach $0.273016 by January 22, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 73 (greed). Dogecoin recorded 14/30 (47%) green days with 8.88% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a bad time to buy Dogecoin.”
However, the token can claim the $1 mark by March 2025, rising 100% in the process.
“According to our current DOGE price prediction, the price of DOGE is predicted to rise by 304.47% and reach $ 1.23691 by March 23, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 73 (Greed). DOGE recorded 14/30 (47%) green days with 8.88% price volatility over the last 30 days. Based on the DOGE forecast, it’s now a bad time to buy Dogecoin.”
Also Read: Top 3 Cryptocurrencies To Watch For New Year 2025
Credit: Source link
