Analyst Maps Out Dogecoin Price Arc To $3 Using A Logarithmic Scale

Crypto analyst KrissPax predicts that Dogecoin's price could reach as high as $3 in this market cycle, using a logarithmic scale. To achieve this, Dogecoin first needs to reach $1, which crypto analyst Trader Tardigrade believes could happen soon due to the Dogecoin Relative Strength Index (RSI) bouncing up from the oversold zone on a 4-hour chart. Trader Tardigrade also predicts that Dogecoin could rise as high as $3.52, as the meme coin always enjoys a 2x increase from previous local tops. Crypto analyst Philip suggests that Dogecoin could reach a conservative target of $5 in this market cycle, based on its performance in previous cycles. However, crypto analyst Master Kenobi believes that any chart projecting the Dogecoin price above $5 in this market cycle is unrealistic, as it would result in an unrealistic market cap. Master Kenobi predicts that the range between $1 and $2 is a more realistic target for Dogecoin in this cycle, and warns investors against looking forward to price targets above $5. At the time of writing, the Dogecoin price is trading at around $0.4, up in the last 24 hours, according to data from CoinMarketCap.