A crypto analyst predicts a 1,000% rally for Dogecoin by year-end, aiming for $2, backed by historical price behavior and accumulation patterns.
Based on a Wyckoff theory foundation, a chart analysis highlights an accumulation phase, pointing to a range of $0.12-$0.16 as a key buy zone for a potential bullish breakout.
Another analyst projects Dogecoin could surge to $3.8, supported by an Ascending Broadening Wedge pattern, with a breakout above $0.47 potentially leading to a significant price surge.
Despite bullish forecasts, analysts warn of potential volatility, retracement, and psychological resistance along key levels like $0.25, $0.5, and $1 that could hinder Dogecoin's climb.