Will Dogecoin Skyrocket 4250%, Reaching a Price of $8.5? Can It Still Be Chased?
Cryptocurrency analyst EWT is bullish on Dogecoin's price, predicting it could rebound to $8.5. His analysis explains why the most important meme coin can reach such an ambitious price target.
In the post discussion, EWT predicts that Dogecoin's price could rebound to $8.5, based on an in-depth analysis of the daily chart.
He pointed out that Dogecoin is in a wave setup of 1 to 2, expecting to first rebound to $6, then hit the $8.5 target in the 5th wave, and it could even break into double digits. This prediction brings great expectations for investors.
EWT warns the market that Dogecoin may experience significant volatility this year, with a long-term outlook of breaking through to $20 to $45. Currently, Dogecoin is trying to stabilize at the psychological price level of $0.2. Analysts like Trader Tardigrade are also optimistic that Dogecoin is about to enter a reversal trend, with the price possibly reaching new highs.
