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Dogecoin recently rallied, forming a bullish candle after weeks of consolidation. In late August, it slipped off the $0.1 mark, trading around $0.09 over the past few days. However, the bulls are returning to the market, with DOGE currently trading at $0.102.
Amid the recovery strides, analyst predictions suggest it could skyrocket to $3.7, representing a 3,600% increase. Can Dogecoin achieve this target soon?
The following analysis will provide more insights into the meme coin’s trajectory and rally potential in the coming days.
Analyst Predicts Dogecoin DOGE’s Meteoric Rise to $3.7 by 2025
Trader Tardigrade, a respected crypto analyst, has made waves with a bold prediction for Dogecoin. Based on careful technical analysis and historical patterns, Tardigrade believes DOGE could reach $3.7 by 2025.
$DOGE consistently forms inverse Head & Shoulders in each cycle 🔥
In the current cycle, #DOGECOIN is now at the right shoulder.
It will be pumped very soon again 🚀 pic.twitter.com/bsdUfhk36n— Trader Tardigrade (@TATrader_Alan) September 8, 2024
Tardigrade points out that Dogecoin consistently forms inverse Head and Shoulder patterns in each cycle. He believes DOGE is at the right shoulder, suggesting a significant price rally is imminent. This pattern previously led to DOGE’s all-time high of $0.73.
Interestingly, Tardigrade isn’t alone in his optimistic outlook. Another analyst, Kevin Capital (formerly OG Yomi), predicted that DOGE could hit $2.27 or higher.
I’ll never betray my #Dogecoin holders but screw everyone else in #Crypto. All time high or close to it in December of 2024. That’s my call based off average time between previous all time highs and Crypto cycles. Stay positive we are still in a bullish trend it just takes a… pic.twitter.com/C7AYJZeK3H
— Kevin (@Kev_Capital_TA) September 4, 2024
Kevin bases this on DOGE’s history of meeting or surpassing the 1.618 Macro FIB extension from previous cycles.
If realized, these predictions would represent an enormous gain of 95.59% from DOGE’s current price of around $0.10. Also, in his most recent X post, Kevin believes that DOGE has started its bullish ride.
Such a surge could potentially transform the fortunes of many DOGE holders. Another analyst, Ali Martinez, has a bullish outlook on Dogecoin’s price movement.
In an X post, Martinez suggests that based on its current price action, Dogecoin might lead the next breakout. He highlights a falling wedge pattern on the daily chart.
Imagine if, after all this craziness, #Dogecoin is the one to break out and kick off the next leg up… 👀
Watch out for this falling wedge on the $DOGE daily chart — a sustained close above $0.10 could spark a bullish run to $0.15! pic.twitter.com/oGIeR3yHtF
— Ali (@ali_charts) September 9, 2024
Moreover, the analyst predicted that “a sustained close above $0.10 could spark a bullish rally to $0.15.” However, it’s crucial to approach these predictions with caution.
Technical Indicators Signal Bullish Momentum – Can Dogecoin Hit New Highs?
Dogecoin (DOGE) shows bullish momentum, with several technical indicators suggesting a possible price surge. Currently, DOGE is just below the upper Bollinger Band, a critical line that often signals strong price movement.
A break above this line would confirm buyers’ dominance, signaling a higher ascent for Dogecoin.
In addition to the Bollinger Bands, the Relative Strength Index (RSI) for DOGE is above 60, suggesting that the coin is gaining strength. This often precedes further upward price action as investors continue to accumulate.
Moreover, the Simple Moving Averages (SMA) favor DOGE. The price is currently above the 200-day and 50-day SMAs, a strong signal of bullish momentum.
The 200-day SMA, in particular, is acting as a support level, providing a foundation for further price increases.
Another important indicator is the Price Volume Trend (PVT), which is currently at 379 million. A high value suggests a healthy amount of buying pressure, supporting the potential for further gains.
Given these factors, DOGE is well positioned for a bullish run. The next target is $0.115, an 11% increase from its current price. This upward momentum could pave the way for DOGE to reach the analyst’s target, making a strong case for further growth in the coming days.
Pepe Unchained Presale Surges to $12.6M: Is It the Next Big Meme Coin?
The Pepe Unchained ($PEPU) presale has raised over $12.6 million, gaining significant attention from investors. As memecoins continue to grow in popularity, $PEPU is showing strong momentum, driven by its unique features and bullish market conditions.
What is Pepe Unchained?
Pepe Unchained is more than just a memecoin. It combines the appeal of Pepe-themed tokens with the utility of its own layer 2 blockchain, which is designed to scale better than Ethereum.
According to Pepe Unchained, this makes them 100 times faster than Ethereum in transaction speed.
What Makes Pepe Unchained Unique?
Pepe Unchained stands out for several reasons. Unlike other meme coins, it introduces a layer 2 solution for cheaper and quicker transactions.
Additionally, Pepe Unchained allows developers to build projects using Ethereum’s robust toolkit. This opens the door to various possibilities, such as creating new meme coin applications and games.
The presale success and rising demand suggest that Pepe Unchained has strong growth potential. Investors can buy the coin for quick gains and stake their tokens to earn passive rewards.
30% of the token supply is allocated for staking rewards, adding another layer of appeal to $PEPU. Moreover, industry experts like Umar Khan believe $PEPU could be the next big meme coin, predicting it has 100x potential.
Currently, you can purchase each toke for $0.0096126. Token stakers can enjoy up to 161% APY, but this rate will decline as more PEPU coins are staked. Also, the token price will increase as the presale progresses, so now might be the best time to buy.
Moreover, PEPU’s price is expected to increase once it launches on crypto exchanges, meaning more returns for early investors. Visit Pepe Unchained’s website to join the presale and stake your $PEPU tokens while there’s still time.
Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
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