Dogecoin Price Prediction: Analyst Sees $1.10-$1.25 Target

Crypto analyst Kevin (@Kev_Capital_TA) predicts a significant Dogecoin price surge, targeting the $1.10-$1.25 range. His bullish outlook stems from a detailed technical analysis revealing a compelling price structure mirroring Dogecoin's previous bull run. He points to higher lows, clean breakouts, and bullish divergences, all aligning with past accumulation phases. Kevin highlights the similarity to previous cycles, referencing double bottoms and bullish divergences leading to substantial price increases. His prediction is bolstered by Fibonacci retracement zones; the last bull cycle peaked at the 1.618 to 1.703 Fibonacci extension, and replicating this structure from the recent bottom leads to the $1.10-$1.25 target. This aligns with the golden pocket and 1.703 fib extension, a crucial resistance area observed in previous cycles. The analyst also considers macroeconomic factors, such as declining inflation and a strengthening economy, as supportive of his bullish outlook, adding to the overall positive sentiment. While acknowledging short-term caution near resistance levels, Kevin remains confident in Dogecoin's potential for substantial growth, particularly if historical patterns repeat. He emphasizes the current “perfect price structure” and the potential for a powerful move beyond the $1 mark. Currently, DOGE trades at $0.242. This analysis combines technical indicators with broader market trends and macroeconomic data to support a strongly bullish prediction for Dogecoin.

(Source: https://www.newsbtc.com/news/dogecoin/dogecoin-chart-perfect-analyst-target-1-10-1-25-zone/)