CandleFocus Memecoin Supercycle: Why Analysts Are Eyeing $1.17 for Dogecoin’s Next Move
2024-11-09
Author: Content Editor
An independent trading analyst predicts that Dogecoin may experience price volatility and follow a similar path as its exponential growth in 2021. The analyst suggests that Dogecoin could reach $1.17 in the current cycle due to a 'memecoin supercycle' and increased popularity among meme coins. The analyst points out that Dogecoin has historically seen an increase in value when the community holds onto it, and after a short pump period. Technical analysis indicates that Dogecoin may see another parabolic run, with the analyst providing a conservative target of $1.17. However, the analyst cautions that market conditions may change.
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