Dogecoin is already one of the most trending cryptocurrency tokens, making waves within the crypto realm recently. The fact that the token is closely associated with Tesla chief Elon Musk has helped it gain tremendous traction recently. With Musk taking charge of his DOGE department in January, Dogecoin is poised to claim new highs soon.
Also Read: Dogecoin: AI Predicts DOGE’s Price For December 20, 2024
Dogecoin: Analyst Predicts New Price Trajectory For The Token
Dogecoin is currently trending in many ways. The token is riding the hype as Musk gears up to take official charge of his Department of Government Efficiency, or DOGE. Speculation regarding Musk adding Doge payments on X is also spreading like wildfire, which is yet again a noteworthy development that could help Dogecoin’s price soar to new highs.
In the midst of this, Javon Marks, a notable crypto analyst, has made a new prediction about Dogecoin. The analyst was quick to share that Doge is up for a spectacular 75% uptick, which could help the token skyrocket to $0.73.
Furthermore, the analyst is quite bullish when it comes to Dogecoin’s future success as a leading meme token. Marks was quick to point out how Doge is up for a consistent price hike, which can propel the token to touch the $3 price mark in no time.
“This cycle for $DOGE (Dogecoin) has unfolded in almost perfect manners in comparison to its historical performance. Ad those performances can be pointing to HIGHER COMING, IMMINENTLY! History says Dogecoin is about to record a near +75% gain and more. To and above its current ATH ($0.73905) before much, much higher. At the least, we may be in for more than $3 DOGE and on a high end $7.20+ to $15+…”
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Do The Technical Token Price Markers Agree?
While analysts like Marks have shown full support for the token in the long haul, technical portals like CoinCodex tell a different story.
Per CoinCodex, Dogecoin may soon encounter a notable drop in its price by the end of December, pushing the token to trade at $0.37.
“According to our current Dogecoin price prediction. The price of Dogecoin is predicted to drop by -6.04% and reach $0.377669 by January 16, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 83 (extreme greed). Dogecoin recorded 17/30 (57%) green days with 5.56% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
The token, however, is expected to gain momentum post-January, eventually rising high on the radar to hit the $0.94 price mark.
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