Dogecoin's price decline this week is part of a month-long consolidation phase. This dip, coinciding with a broader market pullback affecting Bitcoin and other altcoins, hasn't deterred optimism among key analysts. Some experts predict that Dogecoin's downward trend is temporary and the cryptocurrency will resume its ascent.
Despite the current market conditions, a prominent analyst maintains a positive outlook for Dogecoin, forecasting its potential rise to $18. This optimistic view reflects growing confidence in Dogecoin's market prospects, suggesting that investors remain hopeful about its long-term growth.
