Technical analyst Chandler Bing anticipates a sevenfold increase in Dogecoin (DOGE) over the long term, projecting a range of $2.35 to $2.6, which he describes as a “conservative scenario.”
$2.35-$2.60 is a conservative target. It’s based on $DOGE performance during previous bull runs relative to #Bitcoin and #Ethereum. ? pic.twitter.com/Axx3vJPFVH
— Chandler Bing (@chandlerbingpl) December 26, 2024
Bing’s prediction is based on the past performance of the meme pioneer relative to Bitcoin and Ethereum during previous bull market phases.
A similar forecast was made by another investor known as CEO. Using fractal analysis, he concluded that Dogecoin (DOGE) is set for a powerful rally in 2025—”much more significant than in 2021.”
A MASSIVE rally is coming for $DOGE, MUCH bigger than the one in 2021.
Are you prepared? pic.twitter.com/auBAw7XMMn
— CEO (@Investments_CEO) December 25, 2024
Analyst Javon Marks expects DOGE to surpass the $2.28 mark.
$DOGE (Dogecoin) Update:
The history hasn’t changed and still points to a fairly high likeliness of a price run to AND ABOVE the 1.618 Fib Extension level as it did every cycle prior to this and this time around,
that’d result in a more than 570% increase from here to $2.28+! https://t.co/BtYB3vaWHH pic.twitter.com/Fdvqb7FtCW
— JAVON⚡️MARKS (@JavonTM1) December 25, 2024
“The history hasn’t changed—it still points to a fairly high likelihood of the price rising to the 1.618 Fibonacci extension level and beyond,” he explained.
At the time of writing, DOGE is trading at $0.31. Over the past week, the asset has depreciated by 2.8%; over the last 30 days, it has fallen by 20.4%, according to CoinGecko.
Earlier, Andreas Kohl, co-founder of the Bitcoin sidechain Sequentia, reported that he managed to halt 69% of Dogecoin network nodes.