Crypto Pundit Says Dogecoin Price At $1 Is Only A ‘Matter Of Time’

DOGECOIN price movement is still a matter of discussion between Social media encryption tradersWith a well -known analyst indicating a large pattern that Dog is sent to a $ 1 dollar. The famous encryption analyst (LLUCIANO_BTC) I participated recently His bullish view with 2.2 million followers on X, saying that the target price is $ 1 for Dogecoin is now a matter of time only.

The bull science pattern indicates a strong momentum

Although Dogecoin has shown a strong upward momentum at different points, it contains To date to overcome The highest level at all times is $ 0.7316 in this course. However, many Dog lovers remain optimistic about the M -currency, as many of them look up to a break ultimately over $ 1 in this bull cycle. Ironically, Dogecoin did not exceed $ 0.5, which is the mid -road sign to reach one dollar goal. However, the Lucky encryption analyst indicated that it is only a matter of time before DOGE begins trading at one dollar.

lucky Confidence depends on Technical pattern formed on the Dogoin price scheme. Sharing his view in a publication, highlighting the formation of the bull science on the time frame of the daily candlestick. Interestingly, this bull science has been in a formation since November 2024, which makes it a multi -month pattern.

This pattern started with a strong gathering in mid -November until it reached the highest in a multi -year year at $ 0.484 in early December before facing the rejection. Since then, the price movement has turned into the stage of science from the temple, which is characterized by a period of corrections and bounces from the upper and lower directional lines of science.

the The formation of the bull science It is a strong signal for more upward trend, especially in the ups of the upscale market. If the Mimi currency of this structure explodes with sufficient size, this may be a theater for a continuous gathering to its highest new levels. While Duj continues to build the momentum within this setting, the Lucky encryption analyst indicated that the upcoming assembly “can be an epic.”

Can Dogecoin really reach $ 1?

Reaching the target will be one dollar, a crazy milestone for Dogecoin, such as how Bitcoin erupted over $ 100,000 for the first time in this session. At the time of this report, the Meme currency is traded at $ 0.3289 and has a market ceiling of $ 48.6 billion. If you can reach a mark of $ 1, this will be translated into a total maximum market of about 147.8 billion dollars.

Although some may find this unrealistic due to its position as a coin, the accounts indicate that a $ 1 price for Dogecoin is definitely possible. It only needs A little steroids for this To happen. One of these steroids is ETF DOGECOIN, which can have the same Effect as I did for Bitcoin. If approved, a Dogecoin etf can A significant increase in investment flows and creating constant purchase pressure for Mimi. Another factor that can improve the rise of Dogecoin is a wider benefit, especially if it becomes an official option to push a major platform like X.

Dogecoin at $ 1 is Only a matter of time. However, it is also possible to start combining it around this mark as soon as it arrives in the end, similar to Bitcoin Current behavior is about $ 100,000.

Distinctive image from Unsplash, Chart from TradingView.com