Targeting New Heights Between $1.5 And $2
Dogecoin’s price has recently undergone significant corrections, withdrew 34% of the price in the past month and settled at $0.259 as of Tuesday. This marks a significant decline in its High history (ATH) $0.731, reached in May 2021, and is currently 64% lower.
Despite the downturn, many analysts remain optimistic about the market’s largest recovery monument potential, suggesting that dog prices may see new highs as the bullish cycle develops.
Dogecoin prices may reach their next peak around April
For example, crypto analyst Dima Potts brought to social media platform X (formerly Twitter) to share his insights into the Dogecoin price movement.
Potts Indicated The expected callback finally happened, and assuming this is stable, the market could be expected to be positioned as an all-time high, ranging from $1.50 to $2.10.
Nevertheless, Potts stressed that this Dogecoin price range may be a significant resistance level for Memecoin, similar to the pattern in previous market cycles.
In a more detailed analysis, Potts points out the historical correlation of Dogecoin price cycles. he Point out The first cycle reached a peak of 1,442 days after its initial high, an alarming increase of 21,821% from its low.
The second cycle followed, reaching its peak again after 1,442 days, but it rose by 54,890% more sharply. Now, with the third cycle of cryptocurrency, Potts speculates Historical Mode Admittedly, the price of domycin may reach its next peak in the week of April 14.
Analysts envision Doge’s 154,400% surge
Potts is not alone. He believes that growing adoption, increasing institutional interests, and ongoing technological improvements can enhance Dogecoin’s price performance, thus making it surpass previous highs.
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His analysis shows member Each token can even reach unprecedented levels above $400, up 154,400% in the coming months.
However, not all analysts share this optimistic view. Technical analyst Grumlin issued a warning that predicts that dog prices may drop to $0.02 in the near term. This means 92% of Memecoin crashes
Despite this short-term bearish outlook, Greenling believe Bounce back from the rising support line, which may lay the foundation for subsequent upward breakthroughs.
Currently, Memecoin is trading at $0.259, losing 21% and 27% over the 7-day and fourteen-day timeframe. It remains to be seen which side will break first, and investors will react to each situation.
Charts from Dall-E’s characteristic images, tradingView.com
