Dogecoin is currently trading at $0.22, down 4% in the past 24 hours. The token is currently aiming for higher prices to expand its price space. The token has long desired a new price surge to elevate its market position. Although Dogecoin has been consolidating for a long time, an analyst has identified a unique pattern on its chart, indicating that Dogecoin is approaching $0.70. Here are the specific details.
DOGE rises to $0.70: Details
Famous cryptocurrency analyst Ali Martinez states that Dogecoin is currently expected to reach a new high of $0.70 in a short period. Dogecoin must break the $0.36 barrier easily to surpass this price level, and currently, the token has begun to rise.
Once Dogecoin $DOGE breaks through $0.36, the path is clear. The target price will reset to $0.70. Ali Martinez stated.
Additionally, as Ali later shared on X, the token is aiming for a 'moon landing' price level. The token has begun to form a double bottom pattern. This pattern indicates that the token is initially trying to approach the price level of $0.42.
How wealthy can people become once the asset reaches $0.70?
By investing $500 at the current Dogecoin price of $0.22, investors can purchase nearly 2272 Dogecoin tokens. Once the asset price reaches $0.22, the total cost of purchase will reach $1590, and investors will gain $1090.
According to CoinCodex DOGE data, the token is currently looking at a large price adjustment targeting $0.90, which is expected to break this level around 2040.
According to our current predictions for Dogecoin's price, it is expected to rise by 303.94%, reaching $0.900398 on December 28, 2040. Based on our technical indicators, the current market sentiment is bullish, and the fear and greed index shows 68 (greed). Over the past 30 days, Dogecoin's price volatility has been 9.53%, with 15 out of 30 days (50%) being upward. Based on the forecast for Dogecoin, now is a good time to buy Dogecoin.
