Dogecoin Price Could Rally 300% to $1 Following Regional High

Crypto analyst XForce predicts Dogecoin could rally over 300% to reach $1, after breaking a regional high at $0.3. Despite potential pullbacks, the analyst foresees DOGE possibly reaching double-digit prices if it maintains strong momentum.

The recent price surge was driven by anticipation of the REX-Osprey DOGE ETF, which may increase institutional interest and liquidity.
The upcoming Fed rate cut could further boost Dogecoin by enhancing risk-on sentiment.

Other analysts also share optimistic views:

Mikybull Crypto believes DOGE will hit $1 in this cycle.
Ali Martinez suggests DOGE might consolidate before moving towards $0.45.

However, CrediBULL Crypto advises caution as Dogecoin approaches a monthly supply zone. He notes that without a breakout, the current rise might be a retest, warning of potential lower highs or a crash if events like the Fed's rate cut become 'sell the news' triggers.

Currently, Dogecoin trades around $0.28, down over 2% in the last 24 hours.