{"id":33157,"date":"2025-01-04T05:42:39","date_gmt":"2025-01-04T05:42:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=33157"},"modified":"2025-01-04T05:42:39","modified_gmt":"2025-01-04T05:42:39","slug":"dogecoin-doge-skyrockets-16-daily-as-analysts-set-1-target","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=33157","title":{"rendered":"Dogecoin (DOGE) Skyrockets 16% Daily as Analysts Set $1 Target"},"content":{"rendered":"

TL:DR;<\/strong><\/p>\n

After the severe correction, Dogecoin has awakened by posting a double-digit surge, which drove it to a multi-week peak.
\nThe asset has closed down the gap to $0.4, but analysts continue to highlight $1 as a potential target during this bull cycle.<\/p>\n

<\/a>DOGEUSD. Source: TradingView<\/p>\n

Shortly after Donald Trump won the US elections at the start of November, DOGE\u2019s price went on a wild run due to Elon Musk\u2019s upcoming role under the new administration and his rich history and support for the largest meme coin.<\/p>\n

The asset skyrocketed by triple digits within weeks and peaked at almost $0.5. However, it started to lose traction in December and plunged hard during the mid-month correction. In a matter of days, Dogecoin dumped<\/a> from over $0.41 to $0.26.<\/p>\n

It reacted well after this substantial decline and pushed to $0.35 almost immediately. However, it failed to rally further and remained in a tight range of $0.31 and $0.34 for weeks.<\/p>\n

The landscape changed, though, for the entire market in the past few days. The situation around DOGE became particularly promising due to the larger number of coins accumulated<\/a> by whales during this correction and consolidation phase.<\/p>\n

As such, it didn\u2019t take long for the OG meme coin to surge in value. On a 24-hour scale alone, DOGE has shot up by 16% and now trades well above $0.39 after breaking above the $0.34 resistance. It\u2019s up by 25% on a weekly scale and sits close to $0.4.<\/p>\n

Analysts have used this opportunity to double down on their $1 prediction for the asset, which is yet to be reached. Nevertheless, DOGE would need to more than double its current valuation to tap such a high price target.<\/p>\n

Nevertheless, it would be interesting to track Dogecoin\u2019s performance in the following weeks, especially after Trump\u2019s inauguration on January 20 and Musk\u2019s D.O.G.E. department<\/a>.<\/p>\n

This is $doge<\/a> against btc<\/p>\n

Target $1<\/p>\n

In the period 2015-2017 I doubled my bitcoin bags by buying doge low \u2013 waiting and selling it at least double the price.<\/p>\n

Groks tells me that in the 133 months Doge outperformed Bitcoin in 48 instances (36%). I\u2019m betting on some crazy\u2026 pic.twitter.com\/lRKbOZK6pQ<\/a><\/p>\n

\u2014 Tutor (@cryptotutor) January 3, 2025<\/a><\/p>\n\n

The post Dogecoin (DOGE) Skyrockets 16% Daily as Analysts Set $1 Target<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; After the severe correction, Dogecoin has awakened by posting a double-digit surge, which drove it to a multi-week peak. The asset has closed down the gap to $0.4, but analysts continue to highlight $1 as a potential target during this bull cycle. DOGEUSD. Source: TradingView Shortly after Donald Trump won the US elections at […]<\/p>\n","protected":false},"author":0,"featured_media":33158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33157"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33157"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33158"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}