Dogecoin has become the focus of the market again. Many crypto analysts raise the possibility of a remarkable rise for the leading meme coin. While the DOGE price is trading at around $0.093, it is having difficulty re-crossing the critical $0.10 threshold.
According to analysts, long-term targets are rising
Crypto analyst Crypto Patel points out the two-week chart of Dogecoin and argues that the price is moving in a classic Elliott Wave structure. According to this model, the market is still in the accumulation phase and it is predicted that the price may reach up to 2 dollars with the introduction of the last wave. It is stated that this scenario may occur in a period extending to 2027.
The analyst emphasizes that structures similar to past market cycles have occurred and that the general skeptical approach of investors may also indicate the accumulation process.
Even though the past does not repeat exactly, it produces similar rhythms; An environment of insecurity in the market generally indicates the accumulation phase.
According to the data shared by Patel, the range between $0.07 and $0.09 stands out as a potential buying zone. Medium and long-term targets are concentrated at $0.50, $1 and $2, respectively. In the wider time frame, around $0.048 is shown as the possible risk limit.
Expectations for a new peak are getting stronger
Similarly, independent analyst CW also paints a positive picture for Dogecoin. CW draws attention to the “golden cross” formation that is about to form in technical indicators. This structure, which occurs when the short-term average crosses the long-term average upward, is generally interpreted as a bullish signal.
The analyst’s chart shows that the DOGE price is in the lower band of a rising channel. This region is considered the starting point of a possible uptrend. CW predicts that in the most optimistic scenario, the price could reach $1.70 by the end of 2025.
Both analysts agree on the common view that patience should be exercised instead of a rapid rise in the short term. It is considered that current price movements indicate more of an accumulation process.
Risks remain in the short term
However, not all analysts are equally optimistic. Crypto analyst Julia takes a more cautious approach. He states that the long-term charts have entered the oversold zone and technical indicators are giving signals of recovery.
However, a different structure stands out on the daily chart. According to Julia, Dogecoin is forming a falling triangle formation. This structure can statistically result in downward breakdowns. The critical support level stands out at approximately $0.09.
Repeated testing of the support level can lead to weakening of this area. This situation increases the possibility of a downward movement in the short term. Despite this, the analyst states that the withdrawals are not completely negative but can be considered as a potential buying opportunity.
According to the latest data, Dogecoin price is at $0.09491. An increase of 3.23 percent was recorded in the last 24 hours.
