A prominent crypto analyst has expressed confidence in Dogecoin (DOGE), stating that despite a 46% decline from its yearly high, the $10 price target is still achievable.
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While recent market downturns may have unsettled some, the expert remains optimistic, predicting a rapid recovery for DOGE followed by a sustained upward movement toward this ambitious goal. The analyst’s forecast is based on historical trends, particularly the cyclical relationship between Bitcoin and Dogecoin. After a dip to $0.2615 on December 20, DOGE rebounded strongly, supporting the analyst’s view of a bullish outlook. Coinzilla Banner 300×250
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By studying Dogecoin’s daily chart, the expert predicts that DOGE could reach the $10 mark between February 11 and May 7, 2025. This timeline aligns with the expected peak in Dogecoin’s cycle, which typically follows Bitcoin’s highest price within a few weeks. .dark-mode .read-more {background-color: #343a40 !important;}
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Tether Aims for $10 Billion Profit and AI Expansion in 2024 This year, despite market fluctuations, DOGE saw impressive growth, climbing 545% and nearly recovering from the 2021 bear market losses. On December 8, Dogecoin reached $0.4846, nearing its all-time high. While the meme coin remains dominant in its category, many analysts foresee further growth in the near future. Coinzilla Banner 300×250
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As the bull cycle progresses, traders will closely monitor Dogecoin’s performance, particularly as it surges with increased momentum, currently trading at $0.3367 after a 33% rally in under 24 hours. 