A crypto analyst has forecast the Dogecoin price to potentially rise by 1,000% by the end of the year, suggesting that the top meme coin could not only reach the coveted $1 mark, but also skyrocket to $2. While this goal may seem bold, especially when Dogecoin is still trading below $0.5, this analysis is supported by an intriguing combination of historical price behavior, market structure, and accumulation patterns.
The Price Target for Dogecoin is $2 by the End of the Year
According to a 2-day chart analysis by cryptocurrency market expert 'Setupsfx_' published on TradingView, Dogecoin has undergone a textbook accumulation phase reminiscent of previous cycles that led to explosive price increases. Based on this distinct historical price behavior, the analyst boldly predicts a major breakout, forecasting a 1,000% price increase that could allow this meme coin to break the $2 level by the end of the year.
Using Wyckoff theory as a foundation, TradingView experts have presented a chart illustrating the clear structure of Accumulation, Distribution, bearish and bullish trends—all of which have occurred in previous market fluctuations. The chart shows that Dogecoin followed the typical Wyckoff Accumulation process during the early 2021 cycle, when it traded sideways and spent several months consolidating within a defined range.
This range, indicated by the blue box on the chart, has been marked as the main buying zone between approximately $0.12 and $0.16. Notably, this main zone is the last area that the price of Dogecoin can be re-evaluated before moving higher.
The return to this range will complete the historical price structure and create an ideal entry point before the bullish phase begins. Currently, Dogecoin has finished the bearish phase and is moving towards the final accumulation phase, paving the way for a potential bullish breakout.
If the price action continues to respect this historical uptrend, Setupsfx_ forecasts that Dogecoin could gradually increase in the coming months. By the end of 2025, this could peak in a comprehensive bullish rally to $2, an increase of about 1,000% from the current price.
While TradingView analysts remain optimistic about the prospects of Dogecoin, they have tempered expectations, warning that the journey to $2 is not expected to be linear. Dogecoin may still face volatility, pullbacks, and psychological resistance around levels like $0.25, $0.50, and $1, which could slow its price increase.
A Push Up to $3 is Still Within Reach
Crypto analyst Trader Tardigrade on X (trước this is Twitter) even more optimistic about the Dogecoin price in the future, predicting the price is likely to rise to $3.8. This optimistic forecast is supported by the emergence of a bullish Ascending Broadening Wedge pattern on Dogecoin's weekly chart
Six points touch the exact confirmation of the model, marked from A to F, in an expanding channel indicated on the price chart. The important level to watch is the resistance level of $0.47, marked by the previous high around point E.
A confirmed breakout at this level could validate the wedge and potentially trigger a significant price surge. Based on the measured move from the widest point of the wedge, the analyst highlights a projected path to $3.80, representing a strong increase of 2,011% from the current price around $0.18.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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SaleemArhan
· 06-09 11:48
1000x Vibes 🤑
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OnlyMadmenMakeMoneyInThe
· 06-01 11:46
What time is it, still talking about these useless things?
Can Dogecoin Rise 1,000%? Analyst Reveals Year-End Prediction
A crypto analyst has forecast the Dogecoin price to potentially rise by 1,000% by the end of the year, suggesting that the top meme coin could not only reach the coveted $1 mark, but also skyrocket to $2. While this goal may seem bold, especially when Dogecoin is still trading below $0.5, this analysis is supported by an intriguing combination of historical price behavior, market structure, and accumulation patterns. The Price Target for Dogecoin is $2 by the End of the Year According to a 2-day chart analysis by cryptocurrency market expert 'Setupsfx_' published on TradingView, Dogecoin has undergone a textbook accumulation phase reminiscent of previous cycles that led to explosive price increases. Based on this distinct historical price behavior, the analyst boldly predicts a major breakout, forecasting a 1,000% price increase that could allow this meme coin to break the $2 level by the end of the year. Using Wyckoff theory as a foundation, TradingView experts have presented a chart illustrating the clear structure of Accumulation, Distribution, bearish and bullish trends—all of which have occurred in previous market fluctuations. The chart shows that Dogecoin followed the typical Wyckoff Accumulation process during the early 2021 cycle, when it traded sideways and spent several months consolidating within a defined range.
This range, indicated by the blue box on the chart, has been marked as the main buying zone between approximately $0.12 and $0.16. Notably, this main zone is the last area that the price of Dogecoin can be re-evaluated before moving higher. The return to this range will complete the historical price structure and create an ideal entry point before the bullish phase begins. Currently, Dogecoin has finished the bearish phase and is moving towards the final accumulation phase, paving the way for a potential bullish breakout.
If the price action continues to respect this historical uptrend, Setupsfx_ forecasts that Dogecoin could gradually increase in the coming months. By the end of 2025, this could peak in a comprehensive bullish rally to $2, an increase of about 1,000% from the current price. While TradingView analysts remain optimistic about the prospects of Dogecoin, they have tempered expectations, warning that the journey to $2 is not expected to be linear. Dogecoin may still face volatility, pullbacks, and psychological resistance around levels like $0.25, $0.50, and $1, which could slow its price increase. A Push Up to $3 is Still Within Reach Crypto analyst Trader Tardigrade on X (trước this is Twitter) even more optimistic about the Dogecoin price in the future, predicting the price is likely to rise to $3.8. This optimistic forecast is supported by the emergence of a bullish Ascending Broadening Wedge pattern on Dogecoin's weekly chart Six points touch the exact confirmation of the model, marked from A to F, in an expanding channel indicated on the price chart. The important level to watch is the resistance level of $0.47, marked by the previous high around point E.
A confirmed breakout at this level could validate the wedge and potentially trigger a significant price surge. Based on the measured move from the widest point of the wedge, the analyst highlights a projected path to $3.80, representing a strong increase of 2,011% from the current price around $0.18.