Trader Tardigrade, a market analyst, believes that Dogecoin reaching $1 is a reasonable target as it enters the distribution phase of the PO3 pattern. The PO3 pattern consists of accumulation, manipulation, and distribution phases. Dogecoin entered the accumulation phase after a price increase following the November 2024 election, followed by a pullback in December. The manipulation phase lasted until the end of the year, and now Dogecoin is in the distribution phase. Tardigrade predicts a 157% increase to reach $1 for Dogecoin during this phase. Other analysts have also echoed the $1 target, with some predicting even higher prices such as $1.20. Dogecoin is currently trading at $0.3878, up 15% in the last 24 hours.



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