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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Can Dogecoin Hit $4? Expert Sets Prediction For Breakout Timing

Christian Encila
Christian Encila
8 months ago
3 mins read
Dogecoin

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Analysts and investors alike have Dogecoin under the lens, particularly in light of recent forecasts indicating a possible price spike. Market analyst Javier Santini has made headlines with his forecast that Dogecoin could hit $4 within a week after an ongoing correction phase.

Related Reading

Dogecoin (DOGE) Hints at Revival

Dogecoin (DOGE) Hints at Revival: Can It Defy The Odds?

8 months ago

Analyst’s Take

Javier Santini, founder of Elemento Cripto, bases his prediction on how prices have changed since Dogecoin’s start in 2017. He says that drops below all-time highs are likely to last for a month or more before the coin starts to rise again.

Every mid cool-off (below ATH) since the beginning of $DOGE has exactly 1 month of duration at +24th. A fact since 2017.

The next and first hyperbolic push will start next week and should reach $4 in a week or less. $XRP to $25.

The news should be very unexpected. pic.twitter.com/1Y2HpinqrH

— Javier Santini (@javierosantini) December 21, 2024

After hitting a high of $0.48 in the wake of the US presidential election results in early December, Dogecoin is currently undergoing a correction. It has since fallen 35%, but according to Santini, this collapse is a normal part of the market cycle.

Santini claims that the historical data for Dogecoin demonstrates recurring trends throughout corrections. Based on Dogecoin’s weekly chart, he provided insights that showed each mid-cool-off period has lasted approximately one month.

He believes that Dogecoin will have a huge rally following this correction, which he believes will end soon, and may hit $4 in as little as a week. Compared to its current price of roughly $0.3253, this would indicate an astounding growth of over 1,168%.

 

Dogecoin price up in the last 24 hours. Source: Coingecko

Market Sentiment And General Patterns

Dogecoin excites and worries people. Some investors are wary about cryptocurrencies due to their volatility, but others want to profit. While the correction has garnered attention, analysts like Santini say such swings are normal and often precede major rallies.

DOGE is currently trading at $0.32. Chart: TradingView

Other expert @Degengambleh predicts Dogecoin will reach $4.20, supporting Santini’s optimistic estimate. He foresees another rise since a 1,000-day accumulation pattern shows substantial underlying support for the cryptocurrency.

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Can Ethereum Break $3,500 Before End Of 2024? Analyst Weighs In

8 months ago

Multiple Variables

Whether Dogecoin actually achieves these lofty goals going forward will depend on numerous variables, including market mood and more general developments within the cryptocurrency space. Very soon, we may yet witness another chapter in this remarkable history of Dogecoin’s—a swift rise after a period of consolidation—if Santini’s theory is correct.

Even though the prediction of Dogecoin’s price is quite vague, there is an optimistic atmosphere that one gets from the previous trends and how the market behaves nowadays. With this, investors are challenged to be aware and really conduct in-depth research along the way as they ride this dynamic financial landscape.

Featured image from Pexels, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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