BPOI Banner
Dogecoin price Dogecoin price

Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why


Este artículo también está disponible en español.

The Dogecoin price has continued its consolidation just below the $0.44 level, but positive sentiment remains at a multi-year high. Crypto analyst Kevin, known on the social media platform X as @Kev_Capital_TA, has shared an updated perspective on a positive trajectory for the Dogecoin price, maintaining that the range of $1.30 to $1.50 is still a viable target. His recent post pointed to this price zone as a critical point of interest on his macro chart, aligning with the current market sentiment surrounding Dogecoin.

Revisiting Kevin’s Macro Analysis And Earlier Projections

This bullish prediction regarding the Dogecoin price builds on Kevin’s earlier analysis from September 18, where he outlined broader price targets as it approached a golden cross on the weekly timeframe for the first time in four years. This technical pattern is often seen as a signal of sustained bullish momentum.

Related Reading

Back then, he suggested that the Dogecoin price performance during this cycle could lead to price levels ranging from $0.93 for moderate growth to as high as $3.80 in an exceptionally strong market environment. Interestingly, both of these targets would see the Dogecoin price trading at new price territories higher than the 2021 peak.

At that time, the Dogecoin price was trading at $0.10 and was on its way to break above the upper trendline of a descending channel. Since then, it has reached a peak of $0.44, translating to a 340% increase. 

Since the analysis, the meme coin has manifested this golden cross, prompting a strong bullish outlook for its price trajectory. Kevin’s updated $1.30-$1.50 target represents a midpoint that reflects both the coin’s current trajectory and the potential for continued growth under favorable conditions.

Source: X

The Path To $1.5

Dogecoin’s chart patterns and broader market sentiment support Kevin’s optimism. At the time of writing, the Dogecoin price is trading at $0.4237 and has declined by about 2.5% in the past 24 hours since it reached a peak of $0.44. Interestingly, this $0.44 peak saw the Dogecoin price reach its highest point since May 2021. 

Related Reading

Reaching the $1.30 or $1.50 price targets would translate to a further 172% and 240% increase, respectively, from the current price level. However, the first step would be a decisive break above $0.44 and then a successive break above its current all-time high of $0.7316. 

Having already climbed by 330% over the past six weeks, Dogecoin is displaying signs of sustained growth, supported by market conditions and technical indicators. Dogecoin enthusiasts are eagerly anticipating the outcome of the scheduled address by Department Of Government Efficiency leaders Elon Musk and Vivek Ramaswamy to Congress on December 5.

Dogecoin price chart from Tradingview.com
DOGE price drops to $0.41 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Source link

Scott Matherson

https://www.newsbtc.com/news/dogecoin/dogecoin-price-at-1-3-1-5/

2024-12-03 20:00:27

bitcoin
Bitcoin (BTC) $ 79,845.39 2.90%
ethereum
Ethereum (ETH) $ 1,521.13 7.76%
tether
Tether (USDT) $ 0.999559 0.04%
xrp
XRP (XRP) $ 1.97 3.70%
bnb
BNB (BNB) $ 575.67 0.65%
usd-coin
USDC (USDC) $ 1.00 0.00%
solana
Solana (SOL) $ 111.59 6.44%
dogecoin
Dogecoin (DOGE) $ 0.154351 3.98%
tron
TRON (TRX) $ 0.237137 0.17%
cardano
Cardano (ADA) $ 0.600147 5.24%
staked-ether
Lido Staked Ether (STETH) $ 1,521.06 7.49%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 79,919.41 2.79%
leo-token
LEO Token (LEO) $ 9.42 0.69%
chainlink
Chainlink (LINK) $ 12.03 5.18%
usds
USDS (USDS) $ 1.00 0.01%
avalanche-2
Avalanche (AVAX) $ 18.15 2.01%
the-open-network
Toncoin (TON) $ 2.95 8.56%
hedera-hashgraph
Hedera (HBAR) $ 0.169606 1.19%
stellar
Stellar (XLM) $ 0.228557 6.11%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.15%
sui
Sui (SUI) $ 2.09 6.79%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,822.17 7.56%
mantra-dao
MANTRA (OM) $ 6.43 0.84%
bitcoin-cash
Bitcoin Cash (BCH) $ 288.92 5.82%
litecoin
Litecoin (LTC) $ 72.79 5.89%
polkadot
Polkadot (DOT) $ 3.46 6.77%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.11%
bitget-token
Bitget Token (BGB) $ 4.22 0.03%
ethena-usde
Ethena USDe (USDE) $ 0.998952 0.05%
hyperliquid
Hyperliquid (HYPE) $ 14.12 2.47%
weth
WETH (WETH) $ 1,520.78 7.48%
pi-network
Pi Network (PI) $ 0.5899 4.99%
whitebit
WhiteBIT Coin (WBT) $ 27.86 0.87%
monero
Monero (XMR) $ 200.57 1.77%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,616.97 7.58%
dai
Dai (DAI) $ 0.999807 0.05%
okb
OKB (OKB) $ 52.32 2.51%
susds
sUSDS (SUSDS) $ 1.05 0.11%
uniswap
Uniswap (UNI) $ 5.00 7.31%
pepe
Pepe (PEPE) $ 0.000007 4.71%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 79,932.42 2.91%
aptos
Aptos (APT) $ 4.58 3.74%
gatechain-token
Gate (GT) $ 21.77 2.14%
ondo-finance
Ondo (ONDO) $ 0.820815 6.78%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.94 3.21%
near
NEAR Protocol (NEAR) $ 2.00 4.22%
crypto-com-chain
Cronos (CRO) $ 0.084922 3.17%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 4.79 3.57%
mantle
Mantle (MNT) $ 0.679992 3.53%
bitcoin
Bitcoin (BTC) $ 79,845.39 2.90%
ethereum
Ethereum (ETH) $ 1,521.13 7.76%
tether
Tether (USDT) $ 0.999559 0.04%
xrp
XRP (XRP) $ 1.97 3.70%
bnb
BNB (BNB) $ 575.67 0.65%
usd-coin
USDC (USDC) $ 1.00 0.00%
solana
Solana (SOL) $ 111.59 6.44%
dogecoin
Dogecoin (DOGE) $ 0.154351 3.98%
tron
TRON (TRX) $ 0.237137 0.17%
cardano
Cardano (ADA) $ 0.600147 5.24%
staked-ether
Lido Staked Ether (STETH) $ 1,521.06 7.49%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 79,919.41 2.79%
leo-token
LEO Token (LEO) $ 9.42 0.69%
chainlink
Chainlink (LINK) $ 12.03 5.18%
usds
USDS (USDS) $ 1.00 0.01%
avalanche-2
Avalanche (AVAX) $ 18.15 2.01%
the-open-network
Toncoin (TON) $ 2.95 8.56%
hedera-hashgraph
Hedera (HBAR) $ 0.169606 1.19%
stellar
Stellar (XLM) $ 0.228557 6.11%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.15%
sui
Sui (SUI) $ 2.09 6.79%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,822.17 7.56%
mantra-dao
MANTRA (OM) $ 6.43 0.84%
bitcoin-cash
Bitcoin Cash (BCH) $ 288.92 5.82%
litecoin
Litecoin (LTC) $ 72.79 5.89%
polkadot
Polkadot (DOT) $ 3.46 6.77%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.11%
bitget-token
Bitget Token (BGB) $ 4.22 0.03%
ethena-usde
Ethena USDe (USDE) $ 0.998952 0.05%
hyperliquid
Hyperliquid (HYPE) $ 14.12 2.47%
weth
WETH (WETH) $ 1,520.78 7.48%
pi-network
Pi Network (PI) $ 0.5899 4.99%
whitebit
WhiteBIT Coin (WBT) $ 27.86 0.87%
monero
Monero (XMR) $ 200.57 1.77%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,616.97 7.58%
dai
Dai (DAI) $ 0.999807 0.05%
okb
OKB (OKB) $ 52.32 2.51%
susds
sUSDS (SUSDS) $ 1.05 0.11%
uniswap
Uniswap (UNI) $ 5.00 7.31%
pepe
Pepe (PEPE) $ 0.000007 4.71%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 79,932.42 2.91%
aptos
Aptos (APT) $ 4.58 3.74%
gatechain-token
Gate (GT) $ 21.77 2.14%
ondo-finance
Ondo (ONDO) $ 0.820815 6.78%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.94 3.21%
near
NEAR Protocol (NEAR) $ 2.00 4.22%
crypto-com-chain
Cronos (CRO) $ 0.084922 3.17%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 4.79 3.57%
mantle
Mantle (MNT) $ 0.679992 3.53%