Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why
Dogecoin price continues to consolidate just below $0.44, but positivity remains at multi-year highs. Cryptocurrency analyst Kevin, known as @Kev_Capital_TA on social media platform shared an updated view Dogecoin price is on a positive trajectory and maintaining the $1.30 to $1.50 range remains a viable target. His recent post identified this price area as a key point of interest on his macro chart, in line with current market sentiment surrounding Dogecoin.
Revisit Kevin’s macro analysis and early predictions
This bullish prediction regarding Dogecoin price is based on Kevin’s early analysis on September 18, where he outlined The broader price target is close to a golden cross on the weekly time frame for the first time in four years. This technical pattern is often seen as a signal of continued bullish momentum.
Related reading
At the time, he said that Dogecoin’s price performance during this cycle could result in price levels ranging from $0.93 with modest growth to as high as $3.80 in an unusually strong market environment. Interestingly, both targets would see Dogecoin price trade in new price territory above the 2021 peak.
At the time, Dogecoin price was at $0.10 and was about to break above the upper trendline of the descending channel. It has since peaked at $0.44, equivalent to a gain of 340%.
Since the analysis, memecoins Already manifested is this golden crossprompting a strongly bullish outlook on its price trajectory. Kevin’s updated $1.30-$1.50 target represents a midpoint that reflects both the coin’s current trajectory and the potential for continued growth under favorable conditions.
The road to $1.50
Dogecoin’s chart patterns and broader market sentiment support Kevin’s optimism. At the time of writing, Dogecoin is trading at $0.4237, down around 2.5% in the past 24 hours since peaking at $0.44. Interestingly, Dogecoin price reached its highest since May 2021, peaking at $0.44.
Related reading
Reaching the $1.30 or $1.50 price targets would imply further upside of 172% and 240%, respectively, from current price levels. However, the first step will be a decisive break above $0.44, followed by a consecutive break above the current all-time high of $0.7316.
Dogecoin has gained 330% in the past six weeks and is showing signs of continued growth on the back of market conditions and technical indicators. Dogecoin enthusiasts eagerly await results predetermined address On December 5, Government Effectiveness leaders Elon Musk and Vivek Ramaswamy spoke in Congress.
Featured image created using Dall.E, chart from Tradingview.com
