The price of Dogecoin is on a Haussier path fees After exceeding $ 0.26 over the weekend, triggering a new wave of optimism on the cryptocurrency market. Like the Same corner takes up the momentumAn analyst calls for a huge increase of 2,600% which could lead Dogecoin to a market capitalization of $ 1 Billion and a price target of $ 6 cycle.
The analyst sees the price of Dogecone reaching $ 6.9 soon
Dogecoin has again attracted market attention with a Powerful weekend rally This saw its price exceed the bar of $ 0.26. This explosive movement came as Renewed enthusiasm for the same play I swept the cryptography market, giving a new momentum before a possible escape.
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In a social media post X on July 17, a few days before the weekend, the Crypto Kaleo analyst foreseen This Dogecoin prepares a overvoltage of almost 2,600% in this cycle. The analyst also set a bullish target of $ 6,942 for Dogecoin, a massive jump of its current price of $ 0.27.
Adding to the media threshing, Kaleo thinks that Doge could possibly reach a market capitalization of $ 1 billionMarking an increase of more than 2,350% compared to its current evaluation of $ 40.8 billion. While his projections seem ambitious, they exploit the broader story than The coins have transcended their joke origins To become digital assets with real value and utility.
Throughout the bear market, Dogecoin has maintained a According to faithful and coherent visibilitySurvivor to many tokens that have faded. This sustained presence, combined with its cultural impact and Optimistic historical performance, has reinforced the idea that, despite its speculative nature, the pieces even have a real and lasting value on the digital asset market.
Although the ultra-burl projection of Kaleo for the price of Dogecoin and market capitalization, this cycle has encountered different degrees of skepticism And uncertainty, the market expert remains confident in his perspectives. When a member of the community describe his forecasts as “a little excessive”, Kaleo firmly replied that it was “not at all”.
Dogeconon took place to fall before the next target
In other news, the merchant of the Crypto Tardigrade analyst announcement This dogecoin seems to follow a classic Haussier inversion diagramBecause it ends a double -bottomed training of manuals on the daily graphic. The meme piece broke out above the neckline resistance almost $ 0.25, confirming the upward structure that has apparently developed since February.
According to the expert, this escape aligns with previous predictions, especially since the model began to take a clearer form during the gatherings of June and July.
Reading related: Dogecoin returns to the levels of December 2020, another 36,000% rally possible?
As with Double bottom modelsTrader Tardigrade predicts that a temporary drop in the neckline, serving again, is very likely. If this scenario takes place as indicated, Dogecoin is then planned to increase short -term short -term target From $ 0.476, which represents an increase of more than 76% compared to current levels.
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