Despite recent setbacks, Dogecoin's future prices could rise substantially, as per crypto analyst Javon Marks, who predicts a 600% increase that could lift its price above $2. The analyst suggests the current price action is promising, even as DOGE dipped as low as $0.30.
Other analysts, such as Trader Tardigrade, believe that based on historical patterns, Dogecoin could potentially skyrocket to $20 in this market cycle, citing past significant bull rallies.
There can still be challenges with potential drops to $0.26, as pointed out by analyst Behdark, though a rebound to $0.50 might follow. Furthermore, Master Kenobi raised concerns about whether DOGE could witness more pullbacks or a bullish reversal from its current price level.
Despite a current price drop, indications of a possible rally continue with a MACD bullish crossover, according to Trader Tardigrade, suggesting a short-term momentum shift to bullishness.
