Dogecoin $90 Scenario! Experts Say the First Target is $3!
In the near future, within the current market cycle, Dogecoin could reach $90 by the end of 2025, with key levels between $3 and $0.17. Dogecoin is expected to reach $90 by 2025.
Dogecoin is projected to rise to the upper area known as the 'red zone' in technical analysis. This scenario resembles past market cycles, where the parabolic rise of cryptocurrencies may accelerate in the third phase. Chart trends indicate that the second phase may test resistance levels above $2.
Currently, Dogecoin has formed a 'death cross' pattern, which is often seen as a short-term bearish signal. However, DOGECAPITAL's long-term forecast remains optimistic, especially considering the consistency of the red zone dynamics with historical cycles, with a target price potentially reaching $90.
On Dogecoin's monthly chart, a 'doji' pattern has emerged. This pattern typically represents market uncertainty, but in certain cases, it may signal a trend reversal, potentially driving the price up to $3.
The $0.17 level is seen as a key support level. If it can maintain above this level, Dogecoin is likely to enter a recovery phase. However, it is important to note that technical signals like the 'death cross' may increase short-term risks, and investors should remain cautious.
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