Dogecoin appears to be breaking out of its consolidation phase and entering a parabolic rally, fueled by renewed greed sentiment in the crypto market. Technical analysis using the "Power of 3" pattern suggests that Dogecoin is now in the distribution phase, which could drive the price to new all-time highs. A crypto analyst predicts that Dogecoin could reach $1.3, representing a 225% increase from the current price. Drawing parallels with Dogecoin's price movement in 2017, the analyst speculates that the cryptocurrency could reach a local peak above $3 in 2025. As of now, Dogecoin is trading at $0.3975.



Other News from Today