Dogecoin Price Macro Target Above $2 Unchanged Despite Market Crash
Crypto analyst Hov maintains that the macro target for Dogecoin (DOGE) remains above $2, despite the recent market crash. DOGE aims to reclaim the psychological $0.2 level, potentially sparking a rebound.
Macro Target and Recent Price Movements
- Hov's analysis suggests DOGE could rally to $3 by next year, marking a new all-time high, though sideways trading may continue this year.
- DOGE corrected from a high of around $0.30 last month to $0.11 due to market volatility.
- The upcoming U.S.-China trade talks and lower-than-expected September CPI have contributed to optimism for a rebound.
Potential Bull Wave
- Analyst Ether indicates that a 3rd bull wave for DOGE is approaching, following major waves in 2017 and 2021.
- The long downtrend has been broken, and technical indicators suggest the start of a new cycle.
- DOGE is currently trading at around $0.19, showing upward movement in the last 24 hours.
