CAN DOGECOIN REACH $0.60? THIS PRICE LEVEL IS NOW CRUCIAL!
Dogecoin's current price is $0.22, and reaching $0.60 would require a significant surge. Analyst "More Crypto Online" believes that Dogecoin's recovery from early-May support keeps its larger Elliott-wave roadmap intact, leaving open the possibility of advancing toward the $0.60 region. To get there, Dogecoin needs to :
Hold above key support levels: $0.18 is a crucial level that allows for direct upside continuation. A decisive break below this threshold could force a reassessment of the intraday pattern.
Break through resistance: The analyst expects at least one or two Fibonacci levels above the third wave top, with potential targets including $0.193 and the low-20-cent range.
Maintain momentum: A healthy fifth wave is necessary to validate a properly extended fifth wave, which could stretch into the low-20-cent range.
Some analysts predict that Dogecoin could reach higher price targets in the future, such as :
- $0.845 to $1.07 in 2025, driven by FOMO and influencer endorsements (Coinpedia)
- $1.18 in 2025
- $2.52 to $3.035 in 2030 (Coinpedia)
However, the cryptocurrency market is known for its volatility, and predictions can vary widely depending on market conditions and other factors.#TradeOfTheWeek #doge⚡ $DOGE