Dogecoin (DOGE) forecasts from analysts
Earlier yesterday, prominent cryptocurrency analyst and trader Scott Melker (The Wolf of All Streets) said that he expects the price of Dogecoin to return to $0.35 in the very near future. Melker's short-term price target for DOGE is based on technical analysis of DOGE/USDT price charts. “DOGE looks set to rise again to $0.35,” Melker said.
Another crypto analyst, Justin Bennet, told his more than 66,000 Twitter followers that if they have DOGE, they should keep holding and not give up. “DOGE is one of those people you thought was dead and then went up without you,” the analyst said. He also drew attention to some levels and said, “Patience is important if you haven't entered the field yet. It either drops to $0.295 or reclaims $0.31,” he said. “If it breaks $0.31, will it break towards $0.35?” He replied, “This is the idea.”
Altcoin Sherpa: Dogecoin will rise above $1
One person on DOGE who has been much more bullish than Scott Melker or Justin Bennett is the anonymous crypto analyst and influencer “Altcoin Sherpa” who believes the DOGE price will rise above $1 in the medium term. “The real question is not whether DOGE will hit $1, but when,” the analyst shared a chart.
Finally, cryptocurrency social media analytics platform LunarCRUSH recently announced that Dogecoin was the #1 meme-based cryptocurrency in terms of social volume in the past 24 hours.
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