Analyst Claims $2.55 Parabolic Rally for Dogecoin Price
Dogecoin and the general cryptocurrency market is currently going through a very volatile period. DOGE has lost significant value due to the market crash last week. Currently down to $0.096, the meme coin is down 8% in the last seven days. While the market is in a slow recovery, it seems like it will take time for most assets to get back into a stable uptrend.
Despite the recent decline, Dogecoin trading volume remains high. However, traders are viewing this decline as a buying opportunity. There are optimistic speculations that Dogecoin will rise again, and some indicators suggest that this recovery could reach a new record high.
One trader in particular suggested on Tuesday that Dogecoin is poised to make an upward leap. Alan Santana said in a statement on the X platform, DOGEHe noted that Dogecoin is closer to its $1 target than expected. According to Santana, the price of Dogecoin could reach as high as $2.50 by 2025.
Santana says Dogecoin’s accumulation zone is between $0.053 and $0.065. If DOGE successfully rises from its current level to this range, this could be the best buy point for investors. Santana thinks the new record high could be between $1.85 and $2.55, which would represent an almost 26-fold increase from current levels. “The key is to buy when prices are low and the market is calm,” Santana says. “When the market is calm and people are losing interest, that’s the best time to buy.”
Considering all these evaluations, it is important to remember that this forecast is just a prediction. You should make your investment decisions not only based on optimistic predictions, but also by doing your own research and when you are ready. Dogecoin stands out as one of the most promising and profitable meme coins on the market and continues to lead. A rise to $1 is not impossible, but it may take some time. Such a feat would be revolutionary not only for Dogecoin, but for all meme coins.
