Dogecoin’s recent significant price surge may have slowed down, leading to a brief price pullback after hitting the $0.42 level. However, the dog-themed meme coin’s rally could only be the beginning, as several crypto analysts predict a possible upswing to new all-time highs, particularly the $1 milestone.

$1 Milestone Still Within Reach For Dogecoin?

In a comparative analysis, Master Kenobi, a market expert, reiterated his forecast for Dogecoin to unprecedented heights, expressing his confidence that the $1 milestone is within reach. This prediction is part of a broader outlook that the meme coin could hit this pivotal level in the ongoing cycle based on past cycle trends.

Prior to the $1 milestone, Kenobi highlighted that once prices begin to move toward a new level again, the current all-time high at $0.7, a zone that corresponds with a market valuation of almost $100 billion, would probably be the first stop for DOGE. The expert further noted that these two levels are crucial and psychological areas that reduce the likelihood of strong rejection.

While the all-time high can result in a rejection and period of consolidation when considered alone, DOGE hitting the $100 billion market cap in the ATH region would be a “mega free advertising” for the meme coin, which could bolster more price growth.

As for the $1 level, Kenobi contends that the milestone is even more important and is “not far off.” Since the inception of DOGE, there ha

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Author: Godspower Owie