dogecoin $0.433491 Its price has increased strongly in recent days, increasing market confidence in the meme coin. However, the DOGE rally has recently stalled, sparking debate among investors about the coin’s possible next move. Additionally, some investors are watching the decline in risk appetite with concern.
Can Dogecoin Price Reach $1.05?
The increase in Dogecoin price shows that the market has increased interest in the top meme coins. However, the recent withdrawal has caused concerns among investors about the coin’s future.
Kevin (Kev_Capital_TA): Dogecoin is likely to reach $0.93 soon and accordingly rise to $1.05.
Other meme coins and the overall performance of the crypto market indicate a shift towards risky assets in the market. Following Donald Trump’s US election victory, the strengthening of a crypto-friendly regulatory environment in the country has boosted market confidence.
What will be the future of DOGE?
The Dogecoin price rally is facing some challenges. At the time of writing, DOGE price retreated approximately 5% and traded at $0.4339. The token reached a 24-hour high of $0.4835, an increase of 107% in the last 30 days.
MadWhale: Dogecoin price will reach $0.62 soon but there may be declines in the short term.
Experts state that the increase in DOGE price may cause some withdrawals in the short term. Investors can often sell to take their profits when the price rises. Kevin plans to sell 25-30% of his DOGE holdings if the meme coin falls between $0.93 and $1.05.
Ali Martinez: Dogecoin is expected to reach $2.40 soon and rise to $18 in the long term.
Captain Faibik: Dogecoin price will reach $0.66 in the coming days.
According to experts’ analysis, DOGE is expected to reach $0.6 in the coming days and then rise to $1.05. However, there may be some short-term retreats in this process. And of course, we need to know that none of them have globes that show the future, and that they can be wrong in their predictions.
Despite analysts’ positive predictions, Dogecoin price volatility and market conditions continue to create uncertainty for investors. It may be useful to follow current market data and expert opinions before investing.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
