Dogecoin has struggled to keep up with other cryptocurrencies during the current bull run, but analysts project that its consolidation phase may soon come to an end. Analyst Professor Astrones expects Dogecoin to reach between $3 and $5, with $1 being the most immediate target. The projected rally for Dogecoin is believed to be driven by the profits market participants are currently experiencing from XRP. XRP's recent explosive rally has allowed it to surpass Dogecoin in market cap, but analysts suggest that XRP's bullish momentum may soon fade, giving Dogecoin an opportunity to regain dominance. Some analysts have also noticed similarities between the candlestick patterns of XRP and Dogecoin, indicating the possibility of continued upward momentum for Dogecoin. Another analysis highlights the formation of a daily ascending triangle for Dogecoin, with a breakout above $0.4368. Confirmation of this breakout could lead to another frenzy in the meme coin market.



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