Dogecoin's price surged to $0.26 last weekend, and it is now on a new upward trajectory, with market sentiment turning super optimistic. As this 'meme coin' reignites its popularity, the target is directly aimed at $6, with an expected increase of up to 2600%, and it may even reach a market cap of $1 trillion.
Dogecoin's price will soon reach $6.9
Dogecoin surged vigorously this weekend, breaking through $0.26 in one go, directly igniting market enthusiasm. Just in time for everyone to start taking an interest in it again, this momentum is off the charts.
Some institutions boldly set a target: in this cycle, Dogecoin is expected to skyrocket nearly 2600%, with a price target of $6.942. Compared to the current $0.27, that’s a true takeoff rhythm.
Moreover, some predict it could ultimately achieve a market cap of $1 trillion, compared to the current $40.8 billion, which is an increase of over 2350%. Who says meme coins are just a joke? It is now a tangible digital asset, with both popularity and application scenarios.
And look, throughout the entire bear market, the Dogecoin community has not dispersed at all; there have always been people paying attention and supporting it. Compared to many coins that have cooled off, it has really shown resilience. This long-term presence, combined with its influence and past performance, further indicates that: although it is a meme coin, it truly has value and can survive in the long run.
Dogecoin will plummet before reaching the next target
From another perspective, Dogecoin's current trend is also quite standard—completing a classic double bottom pattern on the daily chart, and has just broken through the neckline resistance at $0.25. This structure has actually been brewing since February, and now it is finally confirmed, possibly ready for another surge.
The breakout is consistent with previous predictions, especially during the rebound in June and July, at which point this pattern had already begun to become clearer.
Just like the classic 'double bottom' pattern, Dogecoin is likely to test the neckline position again, confirming this as new support. If the subsequent movement follows this route, the next short-term target would be around $0.476, an increase of over 76% from the current position.
