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Dogecoin Primed for Massive 2,300% Move—Can DOGE Hit $5?
As the cryptocurrency market continues to fluctuate, Dogecoin (DOGE) has caught attention as analysts suggest it may be on the verge of a monumental price breakout. Despite recent dips, experts are now suggesting that the meme coin could experience an enormous surge due to its formation of a classic cup-and-handle pattern.
This technical signal is said to indicate a strong trend reversal and substantial price gain potential. In theory, if DOGE were to follow this path, it could lead to an astonishing 2,300% increase in value, bringing the current price of $0.20975 up to the remarkable $5 mark.
One notable expert has previously expressed doubt about DOGE reaching a new all-time high after its recent correction. However, a prominent crypto strategist named CryptoELITES has highlighted a different narrative – that DOGE is indeed primed for a massive rally.
Dogecoin’s price chart showcases this cup-and-handle pattern, which could be indicative of a significant change in direction.
