Crypto analysts Marco Polo and Master Kenobi are optimistic about Dogecoin's price potential, forecasting a rally towards $0.50 and even as high as $14 or $30 respectively.
Marco Polo noted a bullish trend with higher lows since June 2023 and a diagonal breakout, suggesting the next target is $0.50 once $0.25 is reclaimed.
Analyst Trader Tardigrade highlighted a breakout from a channel and a 2-month Bollinger BandWidth indicator pointing towards a potential $1 price level or even $30 and $46 by 2026.
Dogecoin is currently trading at around $0.21, showing a drop in the last 24 hours, according to CoinMarketCap data.