Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Dogecoin price is on a fresh bullish pathafter surging past $0.26 over the weekend, igniting a new wave of optimism across the cryptocurrency market. As the meme coin regains momentum, one analyst is calling for a massive 2,600% surge that could take Dogecoin to a $1 trillion market cap and $6 price target this cycle. Analyst Sees Dogecoin Price Hitting $6.9 Soon
Dogecoin has once again captured market attention with a powerful weekend rallythat saw its price breaking above the $0.26 mark. This explosive movement came as renewed enthusiasm for the meme coinswept through the crypto market, bringing fresh momentum ahead of a possible breakout. Related Reading This Fibonacci Level Puts The Dogecoin Price Above $10 This Cycle 5 days ago
In an X social media post on July 17, just days ahead of the weekend, crypto analyst Kaleo predictedthat Dogecoin is setting the stage for an almost 2,600% surge in this cycle. The analyst has also set a bullish target of $6.942 for Dogecoin, a massive leap from its current price of $0.27.
Adding to the hype, Kaleo believes DOGE could eventually reach a $1 trillion market capitalization, marking an increase of over 2,350% from its current valuation of $40.8 billion. While his projections appear ambitious, they tap into the broader narrative that meme coins have transcended their joke originsto become digital assets with real value and utility.
Throughout the bear market, Dogecoin has maintained a loyal following and consistent visibility, outlasting numerous tokens that faded into irrelevance. This sustained presence, combined with its cultural impact and bullish historical performance,has reinforced the idea that, despite its speculative nature, meme coins hold real and lasting value in the digital asset market.
Although Kaleo’s ultra-bullish projection for the Dogecoin price and market cap this cycle has been met with varying degrees of skepticismand uncertainty, the market expert remains confident in his outlook. When a community member describedhis forecast as “a bit excessive,” Kaleo firmly respondedthat it was “not at all”. Dogecoin Set To Plummet Before Next Target
In other news, crypto analyst Trader Tardigrade announcedthat Dogecoin appears to be following a classic bullish reversal pattern, as it completes a textbook Double Bottom formation on the daily chart. The meme coin broke out above the neckline resistance near $0.25, confirming the bullish structure that has apparently been developing since February. Source: Trader Tardigrade on X
According to the expert, this breakout aligns with earlier predictions, particularly as the pattern began to take clearer shape during the June and July rallies.
Related Reading: Dogecoin Returns To December 2020 Levels, Is Another 36,000% Rally Possible?
As with Double Bottom patterns, Trader Tardigrade predicts that a temporary decline to the neckline, serving as the new support, is highly likely. If this scenario unfolds as stated, Dogecoin is then forecasted to surge to its next short-term targetof $0.476, representing a more than 76% increase from current levels. DOGE trading at $0.27 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com