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Analyst Predicts Dogecoin Could Reach $10 Amid Third-Wave Deadlock
Dogecoin's price may be nearing a critical point, as per long-term structural analysis. Current price action shows compression and waning volatility.
Third Wave Analysis
- Crypto analyst EtherNasyonal suggests Dogecoin is in a third-wave deadlock.
- The cryptocurrency trades within a tight range without a clear breakout.
- An Elliott Wave chart indicates potential targets above $10.
- If breaking out from consolidation, initial target around $0.5, with further potential up to $16.
Potential Future Trends
- Trader Tardigrade offers a less ambitious forecast, expecting Dogecoin to reach $1 by Q1 2026.
- Predicts a potential rally of 611.80% from current levels around $0.15.
- Past rallies were significant: 86.77% in November 2024, 210.52% in March 2025, and 442.48% later that year.
- Despite a recent 20% loss, the long-term outlook remains positive.
