Technical analyst Chandler Bing predicts a sevenfold increase in Dogecoin (DOGE) to a range of $2.35–$2.6 in the long term, referring to this as a “conservative scenario.”
$2.35-$2.60 is a conservative target. It’s based on $DOGE performance during previous bull runs relative to #Bitcoin and #Ethereum. 📈 pic.twitter.com/Axx3vJPFVH
— Chandler Bing (@chandlerbingpl) December 26, 2024
Bing’s projection is based on the historical performance of the meme coin leader relative to Bitcoin and Ethereum during previous bullish market phases.
A similar forecast was made by another investor, known as CEO, who utilized fractal analysis to conclude that Dogecoin could hit this price range by 2025.
A MASSIVE rally is coming for $DOGE, MUCH bigger than the one in 2021.
— CEO (@Investments_CEO) December 25, 2024
Are you prepared? pic.twitter.com/auBAw7XMMn
Analyst Jayvon Marks anticipates DOGE surpassing the $2.28 mark.
$DOGE (Dogecoin) Update:
— JAVON⚡️MARKS (@JavonTM1) December 25, 2024
The history hasn't changed and still points to a fairly high likeliness of a price run to AND ABOVE the 1.618 Fib Extension level as it did every cycle prior to this and this time around,
that'd result in a more than 570% increase from here to $2.28+! https://t.co/BtYB3vaWHH pic.twitter.com/Fdvqb7FtCW
“The story hasn’t changed — it still points to a high probability of reaching the 1.618 Fibonacci extension level and beyond,” he explained.
At the time of writing, DOGE is trading at $0.31, down 2.8% over the past week and 20.4% over the last 30 days, according to CoinGecko.
Previously, Andreas Kohl, co-founder of the Bitcoin sidechain Sequentia, claimed to have managed to halt 69% of the Dogecoin network’s nodes.
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