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Expert Predicts 60% $DOGE Price

According to analyst Olivier Maximus on X, the price of Dogecoin may reach $0.34 in June if it meets certain conditions. In his analysis, Maximus stated that $DOGE will have to make a downsizing first before it can rally higher and attain this price target in the coming weeks.

The swing low will push Dogecoin price to the lower support level of a descending parallel channel, per the analyst. Once it tests this support, Maximus expects the price to bounce to resistance at the upper boundary channel before a 2x rally from the current price ensues to $0.34.

This analysis mirrors that of Tardigrade, which gave an even more bullish outlook, suggesting that Dogecoin price may not only reach $0.34 but also surge past $3. He based this outlook on the ascending broadening wedge pattern, after $DOGE bounced from the lower support level.

This wedge pattern is usually bearish. However, in his analysis, Tardigrade noted that Dogecoin has bounced from the lower support level, and if it breaks from resistance at the upper trendline, it may reach the $3.80 target price. This outlook will be deemed invalid if the uptrend from support loses momentum and instead, DOGE loses the lower trendline support.