Dogecoin is already probably the most trending cryptocurrency tokens, making waves throughout the crypto realm just lately. The proven fact that the token is carefully related to Tesla chief Elon Musk has helped it achieve great traction just lately. With Musk taking cost of his DOGE division in January, Dogecoin is poised to assert new highs quickly.
Dogecoin: Analyst Predicts New Price Trajectory For The Token
Dogecoin is at the moment trending in some ways. The token is driving the hype as Musk gears as much as take official cost of his Department of Government Efficiency, or DOGE. Speculation concerning Musk including Doge funds on X can also be spreading like wildfire, which is but once more a noteworthy growth that would assist Dogecoin’s value soar to new highs.
In the midst of this, Javon Marks, a notable crypto analyst, has made a brand new prediction about Dogecoin. The analyst was fast to share that Doge is up for a spectacular 75% uptick, which might assist the token skyrocket to $0.73.
This cycle for $DOGE (Dogecoin) has unfolded in nearly good manners compared to its historic efficiency and people performances will be pointing to HIGHER COMING, IMMINENTLY!
History says Dogecoin is about to document a close to +75% achieve and extra, to and above its present… https://t.co/i9wUCaRjT2 pic.twitter.com/2kydJLUqlZ
— JAVON⚡️MARKS (@JavonTM1) December 16, 2024
Furthermore, the analyst is sort of bullish in the case of Dogecoin’s future success as a number one meme token. Marks was fast to level out how Doge is up for a constant value hike, which might propel the token to the touch the $3 value mark very quickly.
“This cycle for $DOGE (Dogecoin) has unfolded in almost perfect manners in comparison to its historical performance. Ad those performances can be pointing to HIGHER COMING, IMMINENTLY! History says Dogecoin is about to record a near +75% gain and more. To and above its current ATH ($0.73905) before much, much higher. At the least, we may be in for more than $3 DOGE and on a high end $7.20+ to $15+…”
Do The Technical Token Price Markers Agree?
While analysts like Marks have proven full assist for the token within the lengthy haul, technical portals like CoinCodex inform a unique story.
Per CoinCodex, Dogecoin could quickly encounter a notable drop in its value by the tip of December, pushing the token to commerce at $0.37.
“According to our current Dogecoin price prediction. The price of Dogecoin is predicted to drop by -6.04% and reach $0.377669 by January 16, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 83 (extreme greed). Dogecoin recorded 17/30 (57%) green days with 5.56% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
The token, nonetheless, is anticipated to achieve momentum post-January, ultimately rising excessive on the radar to hit the $0.94 value mark.
