#doge⚡

Analysts' assessment: Dogecoin price expected to increase by 500%, target price is one dollar,

Regarding the cryptocurrency Dogecoin, renowned analyst VisionPulsed has predicted that Dogecoin's current weak performance is actually a preparation for a large and significant price increase,

According to him, the price of Dogecoin could reach about 90 cents to one dollar in the next few months, which would be an increase of about 500% compared to the current price of 17 to 20 cents,

VisionPulsed

based his prediction on the Hash Ribbons indicator, which helps in understanding the activity of miners and the market situation,

Historically, this indicator has also indicated a positive change in the market for Bitcoin,

This time, Hash Ribbons has indicated the weakness of miners twice, due to which the market has endured pressure twice and this indicates a positive trend,

In addition There are four major macroeconomic factors that point to a bullish outlook for the overall market, including the Euro-Dollar relationship, the rise in global M2 money supply, the period following Bitcoin’s April halving, and the S&P 500 closing at a record high.

Although Dogecoin’s Stochastic RSI is still in the oversold zone, the analyst says that a sharp and strong price increase is likely when it reverses.

Dogecoin has been stable in a narrow price range for about three months, which is a state of pressure according to VisionPulsed, and as this pressure increases, a sudden and large price increase is also expected.

They estimate that this big increase could occur between October and December, which coincides with the peak of Bitcoin’s historic four-year cycle.

According to this prediction, this increase will likely be the last and largest of this cycle.

Currently, Dogecoin’s price is about 18 cents and if this analysis proves to be correct then this could be a great investment opportunity for investors .... plz DYOR