According to CryptoPotato, Dogecoin (DOGE) saw a 10% weekly price drop following a broader market correction. This follows a recent surge that saw the cryptocurrency's value surpass $0.22 for the first time since November 2021. Despite the recent slowdown, DOGE is among the worst-hit cryptocurrencies on the top 10 list. firsts.
Analysts predict that DOGE will soon rebound and rally to new highs. Crypto content creator Trader Tardigrade compared the asset's price performance with previous years, pegging future prices at $2, $9, and even $40. They argue that the current cycle mirrors the first half of the previous cycle, suggesting that history will repeat itself.
Mayne, another crypto enthusiast, also commented on DOGE's current market performance. They are considering two possible scenarios: DOGE could lose support at around $0.18 and enter a larger correction, or the bulls could step in and the uptrend could continue.
Rekt Capital and Davinci Jeremie, an early adopter of Bitcoin, also presented bullish forecasts for DOGE. Rekt Capital suggests that DOGE could rebound towards $0.30 due to the start of a new macro trend, while Davinci Jeremie believes that the meme coin is an asset that investors should include in their portfolios.
