A cryptocurrency expert suggested that the Dogecoin price surge is far from over, forecasting a medium-term target of $2.2 to $3.46 for the meme-themed dog currency. According to his detailed price chart, Dogecoin is currently in wave 3 of Elliott Wave Theory and set to make significant gains.
Analysts predict the macro price target of Dogecoin
Hov, a cryptocurrency analyst on X (formerly Twitter), discussed the future price fluctuations of Dogecoin based on the Elliott Wave Theory and its current price action. The analyst noted that the meme coin has seen a significant 690% price increase since reaching a recent macroeconomic immigration threshold.
According to Hov's chart analysis, Dogecoin's price action is currently in the middle of the third Elliott Wave, a phase typically characterized by strong and steady price growth. The third wave is often considered the strongest in all five waves of the Elliott Wave theory's motive wave sequence and is also seen as a price increase
The price chart shows that Dogecoin is entering its third wave after recently breaking out of a prolonged consolidation phase around the important support level of $0.27. While Hov forecasts a rise to macro targets of $2.2 - $3.46, this analyst also reveals that the price of Dogecoin could reach a final target of $4.2 if the strong upward momentum is maintained. This significant price increase would require Dogecoin to surge 976% from its current value.
Analyst reveals next Dogecoin to peak locally
While DOGE price continues to approach the $1 mark, cryptocurrency analyst Trader Tardigrade has announced upcoming local highs for the number one meme coin. The analyst revealed that Dogecoin has successfully reached several local market highs last year after a significant price increase. He also disclosed that each local high has a 2X correlation, while Dogecoin price has doubled in the three previous local highs.
According to the analyst's chart, Dogecoin reached a local peak of $0.11 in October 2023, doubling to another peak of around $0.22 in April 2024. Interestingly, a similar price increase pattern is occurring around October this year, when this meme coin doubled its previous high to reach a local peak of around $0.44 this month.
Based on this price increase model, in which Dogecoin has historically doubled in price with each local peak, Trader Tardigrade predicts that this meme coin will continue this trend until it reaches its all-time high of $5. Analysts have predicted that Dogecoin could reach the next local peak at $0.88 in April 2025.
In addition, around July 2025, analysts predict that Dogecoin will double again and surpass the $1 mark to reach $1.76. By October 2025, analysts also forecast that the price of Dogecoin is expected to rise to $3.52.
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Pundit Reveals Long-Term Target of $2.2-$3.46 for Dogecoin Price as Wave 3 Continues
A cryptocurrency expert suggested that the Dogecoin price surge is far from over, forecasting a medium-term target of $2.2 to $3.46 for the meme-themed dog currency. According to his detailed price chart, Dogecoin is currently in wave 3 of Elliott Wave Theory and set to make significant gains. Analysts predict the macro price target of Dogecoin Hov, a cryptocurrency analyst on X (formerly Twitter), discussed the future price fluctuations of Dogecoin based on the Elliott Wave Theory and its current price action. The analyst noted that the meme coin has seen a significant 690% price increase since reaching a recent macroeconomic immigration threshold. According to Hov's chart analysis, Dogecoin's price action is currently in the middle of the third Elliott Wave, a phase typically characterized by strong and steady price growth. The third wave is often considered the strongest in all five waves of the Elliott Wave theory's motive wave sequence and is also seen as a price increase
The price chart shows that Dogecoin is entering its third wave after recently breaking out of a prolonged consolidation phase around the important support level of $0.27. While Hov forecasts a rise to macro targets of $2.2 - $3.46, this analyst also reveals that the price of Dogecoin could reach a final target of $4.2 if the strong upward momentum is maintained. This significant price increase would require Dogecoin to surge 976% from its current value. Analyst reveals next Dogecoin to peak locally While DOGE price continues to approach the $1 mark, cryptocurrency analyst Trader Tardigrade has announced upcoming local highs for the number one meme coin. The analyst revealed that Dogecoin has successfully reached several local market highs last year after a significant price increase. He also disclosed that each local high has a 2X correlation, while Dogecoin price has doubled in the three previous local highs. According to the analyst's chart, Dogecoin reached a local peak of $0.11 in October 2023, doubling to another peak of around $0.22 in April 2024. Interestingly, a similar price increase pattern is occurring around October this year, when this meme coin doubled its previous high to reach a local peak of around $0.44 this month.
Based on this price increase model, in which Dogecoin has historically doubled in price with each local peak, Trader Tardigrade predicts that this meme coin will continue this trend until it reaches its all-time high of $5. Analysts have predicted that Dogecoin could reach the next local peak at $0.88 in April 2025. In addition, around July 2025, analysts predict that Dogecoin will double again and surpass the $1 mark to reach $1.76. By October 2025, analysts also forecast that the price of Dogecoin is expected to rise to $3.52.