Dogecoin is currently eyeing a new price spot amid varied developments. With the token’s close association with Musk and the newly formed Department of Government Efficiency or D.O.G.E., the token is currently sensitive to the elemental worldly changes. Additionally, it has set its eyes on the ambitious price spot. As Bitcoin eyes new price heights and momentum, will the altcoin surge push Doge to new highs too? Let’s find out.
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Dogecoin Eyes A New Price Spot
Dogecoin is currently sitting at $0.33, up 5% in the last 24 hours. The token has had an average trading week, noting a 2% drop in seven days. However, it rose 4% in the last month. With Musk taking over the duties as the official D.O.G.E. chief, Dogecoin is expected to surge in tandem with Musk’s moves. This may impact its positioning in the long haul.
In addition to this, the token itself is eyeing a fresh spot. It is targeting the $2 mark in the long haul. Per Javon Marks, the doge price chart is incredibly bullish. This indicates a potential 600% surge that is under work for now. If this phase is successfully completed, Dogecoin could easily catapult to a new price spot of $2.28 in the near future.
Marks reposted an earlier X post, which claimed a similar Dogecoin price pattern is under works. His earlier posts quoted Doge being in its 3rd bullish cycle. Fibonacci extensions indicate a massive price surge. If the market momentum supports the token with gradual upswings, the token may eventually ace the $2.28 spot in the long haul.
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The Token’s Technical Price Analysis
Per CoinCodex, Dogecoin is indeed targeting high price spots in the long haul. CC predicts the token to hit the $1 mark by April 2025.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to rise by 214.94% and reach $ 1.06566 by April 28, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 72 (greed). Dogecoin recorded 15/30 (50%) green days with 7.14% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a bad time to buy Dogecoin.”
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