Dogecoin Price Poised for 1,250% Surge to $3.5

Dogecoin experienced a significant recovery over the weekend, rising by more than 15% to reach $0.3. Despite a decline due to market correction and upcoming Fed rate cuts, bullish sentiment remains strong with expectations of Dogecoin crossing $1.

Dogecoin Price Targets $3.5

  • In 2021, Dogecoin led a meme coin surge, inspiring similar coins like Shiba Inu.
  • Crypto analyst Zonix predicts Dogecoin could see a 4-digit surge this cycle.
  • The price recently reached a pullback level at $0.3, a key point for confirming a bullish trend continuation.
  • Analysts suggest that if "funneling" is over, Dogecoin may continue its upward trend.
  • A potential "primer" could lead to a price surge to $3.5, implying an over 1,200% increase.

Dogecoin price

Volume Surge Supports Further Upside

  • Dogecoin's recent uptrend was fueled by increased volume, reaching $19.66 billion on September 14.
  • Open interest also surged to a new all-time high above $6 billion, indicating strong investor attention.
  • If market conditions remain favorable, these factors could propel Dogecoin to higher levels.

Dogecoin price chart from TradingView.com