Dogecoin (DOGE) has gained momentum in recent weeks, driven by the positive effects of the Federal Reserve’s interest rate cuts on the overall cryptocurrency market.
Market analyst and trader Master Kenobi predicts that DOGE could reach $1 by December 2nd, with potential highs of $2.8 under optimistic scenarios.
Dogecoin's technical indicators on the 1-day timeframe show promising signs, with an RSI of 56.84 indicating mild bullish momentum and a positive CMF suggesting robust buying activity.
Analyst Master Kenobi presents several scenarios that suggest a bright future for DOGE in the long run, with conservative estimates of $1.25 by March 2025 and an optimistic forecast of $3.5.