Dogecoin Price Prediction

With a market cap of $30.2 Billion, Dogecoin holds its position as the 8th largest cryptocurrency as per Coinmarketcap.

However, an analysis of the higher time frame chart shows parabolic growth resembling the formation of a rounding bottom pattern. The chart pattern is often considered a sign of a downtrend bottoming and an opportunity for a new bull run to emerge.

Should the crypto market exhibit a bullish response to the anticipated halving, in line with historical trends and investor expectations, Dogecoin’s price is likely to align with the bullish pattern formation.

With sustained buying, the current rally may chase a potential target of $0.3, followed by $0.35 and $0.448