Dogecoin Price Prediction: Millionaire Trader Sees DOGE Hitting $2 Soon
Today, the Dogecoin price has experienced a slight pullback amidst broader market growth, with meme coins up an average of 0.4%.
Despite this, one expert predicts a potential rise to $2 for Dogecoin.
Over the past 24 hours, the Dogecoin price has decreased slightly by 0.55%, down to $0.124198.
This disrupts Dogecoin’s modest weekly gain of 0.27% , which, while positive, is disappointing compared to the substantial gains experienced by other major meme coins .
Despite Dogecoin experiencing a decline of 23.68% this month, it has delivered an annual return of 98.42% so far this year, which is lower compared to the performance of many other top cryptocurrencies .
Despite this “boring” price action, some experts believe it is gearing up for a substantial rally.
Millionaire trader Kaleo recently shared a bullish outlook for dogecoin on X, predicting an upcoming rally that could see prices break to a new all-time high.
He noted that the Dogecoin price has been trending sideways or down for around 9.5 years of its existence. Outside of this, It had one run that pumped around 6000% from the lows and another that pumped more than 30,000%.
In light of these two cycles, Kaleo believes we may be gearing up for Dogecoin’s next rally. Notably, the duration it has moved sideways since the last all-time high is within a similar range to its previous two sideways ranges before breaking out.
He highlighted how each of the respective moves took around 8-9 months post-bitcoin halving before they began to pump. Currently, we are 2 months past the last Bitcoin halving , given the trend persists, Dogecoin should see a rally by December- February.
$DOGE / #Dogecoin
For those of you who say DOGE is boring – for the most part, you're
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