No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst
Dogecoin (DOGE), a popular cryptocurrency with a market capitalization of over $60 billion, has once again attracted attention. Although DOGE had a rocky start to the year, it has since risen significantly.
DOGE is mostly consolidating at $0.40, which raises some questions about whether its glory days have faded. However, recent research points in the opposite direction, and experts are looking at possible price levels to spark interest among dog lovers again.
Technical support points for development
Important technical indicators help drive DOGE’s price trajectory. The 50-day moving average currently stands at $0.26, which is an ongoing support level, helping it climb to $0.44. The 200-day moving average is holding steady at $0.15, showing DOGE’s long-term stability.
$DOGE $ripple money will flow in $DOGE
My first goal is 1$
I think next year we will easily reach $3-5 pic.twitter.com/hf5w8FUOUs
— Professor Astrones (@Astrones2) December 2, 2024
These indicators indicate a solid foundation for future growth. Analysts such as Professor Astrones believe that DOGE may soon end its consolidation phase and start moving toward $1. Beyond that, he predicts that the price of Dogecoin could reach $3 to $5 “very easily” by 2025. It’s an ambitious goal, but Dogecoin has surprised the market before.
XRP’s role in Dogecoin’s future
XRP’s recent success is an interesting part of DOGE’s possible rise. XRP has doubled in price over the past week, giving some long-term users returns of over 400%. As a result of this rise, XRP’s market capitalization has grown to more than double that of Dogecoin.
On the other hand, Astrones said XRP’s upward trend may soon slow down. This could make buyers want to plow their earnings back into Dogecoin, making more people want to buy it. In the cryptocurrency market, gains are often diversified into other assets, meaning funds are often moved around.
Is Dogecoin a mirror image of XRP?
Other market watchers have noticed interesting similarities between recent patterns in XRP price and DOGE’s current chart. They stated that Dogecoin is making higher lows, which is a sign of a bullish trend and means that the uptrend will be sustainable. If this is the case, Dogecoin will explode like XRP and send its price well beyond current levels.
DOGE has shown resilience, with a price of $0.42, up 1.5% in the past 24 hours. Of course, the path to $1 and above is not guaranteed, but optimism is rising in the market. With strong technical support and the possibility of XRP-driven purchases, Dogecoin may just be ready for its next big leap.
Featured image from The Guardian, chart from TradingView
