CandleFocus Top Analyst Says Dogecoin Set for $4 Rally After Completing Major 58% Correction
2025-02-04
Author: Content Editor
The article discusses the price movement and potential future trajectory of Dogecoin (DOGE) based on historical patterns. Despite a recent surge in price following President Donald Trump's decision on tariffs, DOGE still trades at a 21% discount from weekly highs. Analysts are closely monitoring DOGE's price movements, comparing them to previous bull cycles. One analyst suggests that DOGE has completed its second major cycle dip and may be poised for a rebound. Another analyst predicts that a major capitulation event could occur, leading to a potential surpassing of the $1 mark for DOGE. Additionally, a bullish MACD crossover is observed, indicating upward momentum and the possibility of another bull run. Another analysis projects that DOGE could reach $3.80 in this market cycle, potentially climbing over 1,000% from the current price.
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