Dogecoin (DOGE) to $4? Analyst Drops Bullish Forecast
Dogecoin (DOGE) is currently sitting at $0.16 and has been on a bearish streak in the past month, falling over 25%. Several analysts are scrambling for signs of a rebound for the top meme coin. One analyst suggests that DOGE’s six-month consolidation is a coil, not a coffin, and a breakout will come in just a matter of time. Indeed, pseudonymous crypto analyst Cantonese Cat has shared multiple time-frame evidence to argue that the meme-coin’s next directional break will be up, potentially as far as $4.13 before the current cycle ends. The analyst suggests that Dogecoin’s price has slipped from last autumn’s spike and then “done nothing for months.” Yet such fatigue is precisely what bull-market retracements are meant to produce: “A lot of people are getting bitter about Doge … that’s exactly how higher highs and higher low type situations are supposed to get you all frustrated. This is still a bull trend until proven otherwise.” Should volume arrive and price claw back thro...