Dogecoin is a leading cryptocurrency token, touted as one of the most successful meme coins currently being explored. The token is currently at $0.32, awaiting a significant market push to claim a new high. Will it be able to reach a new high this weekend? Let’s find out.
Also Read: De-Dollarization: Trump Threatens 100% Tariffs on Nations Ditching the US Dollar
Dogecoin to the Moon? When?
Per a notable crypto analyst, Javon Marks, Dogecoin is already brewing a bullish pattern that could help the token claim a noteworthy high. Marks shared a new DOGE analysis on X, claiming how the token is already on a path to note a whopping 600% surge, which could catapult its price to hit $2 in the long haul.
“Refreshing this $DOGE (Dogecoin) view because prices still look well on track for another great bullish performance, and history suggests that another nearly +600% run to and above ≈$2.28! Next wave can be historical…”
Refreshing this $DOGE (Dogecoin) view because prices still look well on track for another great bullish performance and history suggests that another nearly +600% run to and above ≈$2.28!
Next wave can be historical… https://t.co/aTaOvidbB4 pic.twitter.com/RMAJJMJb0M
— JAVON⚡️MARKS (@JavonTM1) January 27, 2025
At the same time, the token is grabbing central attention due to the rising ETF filings that the token has been receiving as of late. Recently, financial giant Bitwise has filed for DOGE ETF, which is again a bullish development for Dogecoin to bank on.
While Mark’s $2 analysis is quite ambitious, Ali Martinez, on the other hand, claims that the token is already on its way to hitting $0.36. Explaining briefly on X, Martinez shared how DOGE has already broken out of a symmetrical triangle and is eyeing a new price spot of $0.36.
#Dogecoin $DOGE appears to have broken out of a symmetrical triangle, targeting $0.36! pic.twitter.com/Inx2spKBa7
— Ali (@ali_charts) January 30, 2025
Also Read: Nvidia: DeepSeek Sell-Off Led Retail Investors to Buy $920M in NVDA
The Token’s Weekend Price Path
Per CoinCodex, DOGE may hit $0.33 by February 2, 2025.
The portal later adds that the token may dip to $0.29 by the end of February 2025.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -9.77% and reach $ 0.296483 by March 2, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 76 (extreme greed). Dogecoin recorded 16/30 (53%) green days with 6.70% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a bad time to buy Dogecoin.”
Also Read: META Net Income Jumps 49% in Q4: What It Means for the Stock
Credit: Source link
