A market analyst known as "Doge Lord" believes that Dogecoin (DOGE) is gearing up for significant price increases in 2025. The analyst identified a five-wave Elliott Wave structure, with DOGE currently in the third wave on the weekly chart. The chart suggests that DOGE is on the verge of a rebound and could reach a new all-time high of $1.1293. The analyst also expects a pullback in the fourth wave, potentially pushing DOGE to the $0.7702 level. Finally, the analyst forecasts that the fifth wave could result in a rally to the 1.618 Fibonacci extension, corresponding to a price of $6.08. Despite these optimistic projections, DOGE is currently trading at $0.2515 and would need to rally by more than 23-fold to reach $6. However, another analyst earlier suggested that $10 could be possible for DOGE.



Other News from Today