Dogecoin (Doge) began to move again with the recovery in the crypto market. Rising by 2 %in the last 24 hours, Doge continues to attract investors. So, as experts predicted, can Dogecoin really reach $ 5?
Is the $ 5 target for Dogecoin realistic?
Crypto analyst Cryptoelıtes, Dogecoin’s historical graphics by examining the price of $ 5, he said. According to him, the rise formation of Doge points to a strong break.
On the other hand, Trader Tardigrade said that Doge constitutes an expanding decline formation in the 4 -hour graph. If Dge breaks the upper resistance of this formation, it may first rise to $ 0.1780. However, a stronger purchase pressure is required for a large 5 -dollar target.
Whales Moving: Is the big rise coming?
During the latest market correction, the cost of Dogecoin fell 20 %and fell from $ 0.22 to $ 0.17. However, great investors (whales) turned this decline into an opportunity. In just 72 hours, 1.7 billion dorings (about 298 million dollars) were collected.
These giant purchases can carry the price of Dogecoin to $ 0.5, according to Analyst Lumen. If Dogge exceeds $ 0.2 in a short time, a larger rally may be experienced before ETF approval. In fact, the analyst named Dogecapıtal claimed that Doge could reach $ 90 at the end of 2025.
Why is 2 dollars critical for Doge?
Many experts think that the $ 2 level for Dogecoin is psychologically and technically critical. Billy Markus, Founding Partner of Doge, predicted that the price could rise to $ 2.3. This level means a 500 %rise for Doge.
Analyst Javon Marx argues that the $ 2.3 level is accessible by looking at the historical movements of Dogecoin. Currently traded for $ 0.1614, Dogge has gained 3.64 %in the last 24 hours. However, 34 %lost in the last month. The coming weeks will be critical to determine the direction of Dogecoin.
The decision of the decision for Dogecoin: Is it ascension or more decrease?
For the next days for Dogecoin investors, the next days will be critical. If Doge exceeds $ 0.2, a large rally may start. However, if the sales pressure increases, the price may decrease to $ 0.15 again. Investors should closely monitor market movements and be prepared for possible breaks!
