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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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#DOGE# "DOGE is currently consolidating after breaking out of the descending triangle," Ali Martinez hypothesizes.
Tl; DR
ANALYSTS EXPECT THE VALUE OF DOGE TO PUMP AND EXPECT IT TO RISE BY AS MUCH AS 500%, REACHING MILESTONES LIKE $1.
Despite not joining the recent meme coin surge, DOGE's expectations Rebound driven by the overall post-Bitcoin Halving market trend, which Halving had previously catalyzed a large pump in Crypto Assets prices.
IS DOGE READY FOR A 500% PRICE PUMP?
Longest meme coins, including Shiba Inu (SHIB), Pepe (PEPE), Floki Inu (FLOKI), and Bonk Inu (BONK), performed quite well over the weekend, with double-digit price spikes. However, in terms of market capitalization, DOGE (DOGEE) WAS THE LARGEST ASSET IN THE GENRE, BUT IT DID NOT EMERGE AS A WINNER.
It is currently worth around $0.16 (according to CoinGecko), fall 3% per week and fall 23% in the last 14 days.
A popular analyst who believes that dog-themed tokens will soon break the negative trend is X user Ali Martinez. He believes that DOGEE is currently in a consolidation phase after experiencing a "descending triangle".
The analyst predicts that based on its past performance, the asset's valuation could soon big pump by more than 500%, reaching the $1 milestone.
Previous Forecasts and Potential Catalysts:-
ANOTHER ANALYST WHO RECENTLY SPOKE ABOUT DOGE PRICE ACTION IS JAVON MARKS. Earlier this month, X users described the asset's pullback as a "healthy pullback", a reminder of the excellent performance since the beginning of 2024. JAVON MARKS WENT FURTHER, EXPECTING THE ASSET TO PUMP 315% TO THE $0.65 MARK.
Mikybull Crypto and Trader Tardigrade have also joined in. The former insists that "the real Bull Market is about to begin," while the latter claims that DOGE runs a "7-year cycle," which means it's not impossible for the price to big pump to a staggering $40.
An important factor that could push DOGE to new heights in the near future is the Bitcoin Halving that happened a few days ago. Previously, the event sparked a significant recovery across the Crypto Assets market, with many expecting a similar surge in the coming months longer.
Recall that at the time of the last Halving in the spring of 2020, DOGEE was worth less than $0.01, and a year later its price soared to over $0.65.