Dogecoin Price Analyst Maps Up to $3 with Logarithmic Scale

Cryptocurrency analyst KrissPax has predicted that the price of Dogecoin could rise to $3 in this market cycle. The analyst further explains how the leading meme coin will achieve this price target by using the Logarithmic scale. The price of Dogecoin will reach 3 dollars In the post on X, KrissPax highlighted the path for Dogecoin to reach $3. He drew attention to the Dogecoin chart connecting the monthly peaks of 2017 and 2021, with a circular curve representing decreasing profits with larger market capitalization, using a logarithmic scale. He believes the first step to achieving this $3 goal is for Dogecoin to reach $1. However, analysts believe that this meme coin could reach $3 in this cycle.

Based on recent analysis by cryptocurrency analyst Trader Tardigrade, this $1 rise in Dogecoin's price could happen soon, pushing the price up to $3. In a post on X, the analyst noted that Dogecoin's Relative Strength Index (RSI) has risen from oversold territory on the 4-hour chart. Recent RSI spikes from the same area have caused Dogecoin to surge 40% and 200%.

The cryptocurrency analyst further stated that the pumping intensity could even be stronger. In line with this, he noted that it would not be surprising if the price of Dogecoin surged by more than 200% and rose above $1.15. Recently, the trader Tardigrade also predicted that Dogecoin could rise as high as $3.52. This happens as he observes that this meme coin always doubles its previous local peaks. Meanwhile, as suggested by these cryptocurrency analysts, this $3 target may not be the market peak for Dogecoin in this market cycle. Cryptocurrency analyst Philip recently predicted that Dogecoin could at least reach a conservative target of $5. The analyst made this prediction based on DOGE's performance in previous cycles. Anything over 5 dollars is unrealistic. In a post on X, cryptocurrency analyst Master Kenobi asserts that any chart predicting Dogecoin price over $5 in this market cycle is unrealistic. He makes this statement regarding Dogecoin's market capitalization if it were to reach the $5 target, which he believes is not possible in this price surge. Master Kenobi has warned investors not to expect these price targets above $5 as they risk becoming bagholders for the next four years. As for how high he believes Dogecoin's price can go in this cycle, analysts predict a range from $1 to $2 is realistic. He is confident that a price increase to $1 can reflect Bitcoin's price increase from $1,000 to $10,000, and a price increase to $2 can occur in the same way that BTC increased from $10,000 to $20,000 in just two weeks.