With a price target of $2, according to historical pullbacks
As part of another investigation, Trader Tardigrade noticed a recurring pattern in which the price of Dogecoin tends to face larger pullbacks of over fifty percent following a strong rally lasting several months. However, these pullbacks are always preceded by another strong recovery, and Dogecoin ultimately reaches a new peak. This pattern has been consistently consistent.
According to his research, there have been three significant pullbacks: the first decreased by 59.76%, the second decreased by 56.2%, and the most recent pullback showed a drop of 58.25%. Considering this behavioral pattern in the past, Tardigrade remarked that the latest correction could be preceded by another significant recovery.
In the case of the most recent recovery of this kind, Dogecoin surged 23,000%, leading to the current all-time high price of $0.73. At this time, Trader Tardigrade forecasts that a similar outcome will occur to reach the price target of $2.
Some cryptocurrency experts have consistently predicted that the price of Dogecoin will reach $2 in the near future. Dogecoin is expected to hit an all-time high in the range of $1.50 to $2.10, according to the forecast of a cryptocurrency analyst named Dima Potts. This forecast is similar to predictions from other analysts. At this time, the first step towards a price increase for Dogecoin would be to surpass the price of $0.30.