Dogecoin is currently one of the most promising cryptocurrency tokens in the market. Doge has already been amped up, as it’s one of the tokens that Tesla chief Elon Musk openly talks about. With Musk officially connected with the White House through Doge, the token may soar to unprecedented highs, claiming a new ATH very soon.
Also Read: Jim Cramer Talks About Bitcoin & Its Price Immediately Dips to $96,000
Dogecoin On The Verge Of Hitting $0.82
Dogecoin is currently sitting at $0.42, down 3% in the last 24 hours. The consistent ebb and flow in Doge’s price is due to Bitcoin’s volatile price levels. The king of cryptocurrencies has dipped a little in the past two days, stabilizing at $98K at press time.
However, Doge is destined to scale high on the radar due to its close connectivity with Tesla chief Elon Musk. Now that Musk is ready to take over the DOGE department, the acronym hints at Doge’s expected price spike, which may continue for the long haul if the market supports it.
In addition to this, Ali, a notable crypto analyst, has shared a striking price analysis for Dogecoin, stating the token may soon hit the $0.82 price mark. Per Ali, Dogecoin is currently creating a bullish formation on its chart, hinting at a potential 120% price surge. If Doge continues to hold support at $0.37 and does not dip further below, it may soon claim the coveted $0.82, provided that it continues to leverage the current market momentum.
“#Dogecoin $DOGE is in the middle of a bullish breakout to $0.82!”
As Ali mentions Doge is currently in the middle of the bullish breakout, if the momentum supports, the token may claim the coveted price mark before the end of 2024.
Also Read: DOGE: Can Dogecoin Become As Real As The US Dollar Under Trump’s Rule?
The Token’s Price Forecast For December
As December approaches, expectations surrounding Doge hitting new highs are also spiking. However, Per CoinCodex, Doge may note a 6% dip in December, sitting at a $0.39 price by December 25, 2024.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -6.28% and reach $0.394263 by December 25, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 82 (extreme greed). Dogecoin recorded 20/30 (67%) green days with 40.27% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
Also Read: MicroStrategy (MSTR) Stock Hits 600% YTD Growth