<ul><li>An analyst predicts that Dogecoin (DOGE) could skyrocket to $6.24 based on a long-term price pattern.</li><li>Dogecoin is currently trading at around $0.2067 and is moving within an ascending parallel channel.</li><li>If DOGE holds above a crucial support level at $0.16, it could climb to $2.74 and potentially reach $6.24.</li><li>While some analysts have more conservative forecasts, a rise to $6.24 would require significant market growth and buying pressure.</li></ul>

Dogecoin Analyst Predicts Massive Price Explosion—Is $6.24 Far-Fetched?

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