Analysts Suggest Dogecoin Price Could Hit $2.55: Here’s When
Dogecoin, along with the entire crypto market, is in a very volatile position. The asset has dropped considerably in the past week due to a market crash. At press time, the asset is down to $0.096, an 8% decrease over the last seven days. The crypto market is showing a slow recovery, but it will take time for most assets to get back to steady green territory.
Despite the recent downturn, trading volume around DOGE remains up, as traders appear to be buying the dip. There is bullish speculation around a DOGE rebound, with some indicators that the rebound could gear towards a new all-time high.
One trader in particular projected on Tuesday that Dogecoin is poised for an upward surge. Alan Santana on X says that the $1 dream for DOGE is closer to coming true than it appears. In fact, by 2025 it can explode to as high as $2.50, the analyst suggests.
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According to Santana, the accumulation zone for Dogecoin is between $0.053 and $0.065. If DOGE successfully rebounds from its current phase to this level, this could be an optimal buy-in point for investors. Santana believes that the new all-time high range could lie between $1.85 and $2.55, translating to nearly a 26-fold increase from current levels. “The important thing is to buy red when prices are low,” the analyst writes. “The important part is to enter the market when things are boring and people are away. This is the best time to buy.”
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All things considered, this prediction is just that, a prediction, which is extremely optimistic at that. Ultimately a buying decision shouldn’t be solely based on one analyst’s suggestion. Therefore, only buy into DOGE when you are ready to. The coin is one of the more promising and profitable meme coins on the market and remains a leader in the space. An explosion toward $1 isn’t impossible, but may take some time. The eventual achievement of such though will be groundbreaking not just for Dogecoin, but all meme coins.