Pundit Reveals $2.2-$3.46 Macro Target For Dogecoin Price As Wave 3 Continues
A cryptocurrency expert advises Dogecoin price rises Far from over, the mid-term target for the dog-themed meme token is predicted to be between $2.2 and $3.46. According to his detailed price chart, Dogecoin is currently in its third wave Elliott wave theory and caused prices to rise significantly.
Analyst predicts Dogecoin price macro targets
Hov is a cryptocurrency analyst at X (formerly Twitter) discussed Dogecoin’s future price action is based on the Elliott Wave Theory and its current price action. The analyst noted that the meme coin has surged 690% since recently reaching key macro entry levels.
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According to Hov’s chart analysis, Dogecoin Price Trend We are currently in the midst of the third Elliott Wave, a phase typically characterized by solid price growth. The third wave is generally considered the strongest of all five wave oscillation sequences of the Elliott Wave Theory and is also considered bullish.
this price chart It shows that Dogecoin is entering a third wave after recently breaking out of a prolonged period of consolidation within the key support area around $0.27. While Hov predicts macro targets to rise to $2.2 to $3.46, the analyst also revealed that if Dogecoin maintains strong bullish momentum, its price could reach an ultimate target of $4.2. This massive price increase would require Dogecoin to surge 976% from its current value.
Analyst Reveals Next Dogecoin Local Top
And DOGE prices are rising steadily Close to the $1 markcryptocurrency analyst Trader Tardigrade has release About to become the #1 local meme coin. Analysts revealed that Dogecoin has successfully recorded multiple local market top after a huge price increase last year. He also revealed that each local top has a 2X relationship, with Dogecoin price doubling in the previous three local tops.
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According to analysts’ charts, Dogecoin reached a local high of $0.11 in October 2023 and jumped 2x in April 2024 to reach another high around $0.22. Interestingly, the same bullish pattern This happened again around October this year, with the Meme coin doubling its previous highs, reaching a local price peak of around $0.44 this month.
According to this bullish pattern, the price of Dogecoin has historically doubled by 2x every time it reached local tops, and trader Tardigrade predicts that the Meme coin will continue this trend until it reaches its top. An all-time high of $5. The analyst predicts that Dogecoin may reach its next local peak of $0.88 by April 2025.
Furthermore, analysts predict that Dogecoin will double again and cross the $1 milestone by around July 2025, reaching $1.76. Analysts also predict that Dogecoin price is expected to rise to $3.52 by October 2025.
Featured image created using Dall.E, chart from Tradingview.com
