Crypto analyst KrissPax predicts Dogecoin could rally to $3, using a logarithmic scale that connects monthly tops from 2017 and 2021. The first target is $1, with optimism for reaching $3 in this market cycle.
Analyst Trader Tardigrade supports this view, highlighting RSI activity suggesting potential prices surges. Past RSI activity has led to substantial price increases, indicating strong momentum.
Another analyst, Philip, suggests even higher potential, aiming for $5, based on historical performance. However, some analysts warn against targets above $5, citing unrealistic market caps.
Master Kenobi advises caution, stating that prices above $5 could lead to long-term holding losses. He believes a realistic target is between $1 and $2.
Dogecoin is currently trading around $0.4, with recent positive movement according to CoinMarketCap. Investors remain divided on prospects, balancing optimism and caution.
