Dogecoin (DOGE) Price Prediction: Will DOGE Hit $1 or $10 This Market Cycle?

With a pivotal Golden Cross imminent, Dogecoin is stirring excitement in the crypto world. Kevin Capital foresees a stretch to $1.80, contingent on Bitcoin's performance, while Dima James raises the stakes, envisioning DOGE reaching $10 if historical patterns repeat.

Dogecoin price analysis reveals a bullish outlook with the meme coin eyeing a crucial Golden Cross on the weekly chart. While one analyst expresses skepticism about DOGE reaching $3.90, another sees potential for a rally to $10.

Dogecoin price analysis: Key technical points

* Resistance levels: $0.18, $0.22

* Support levels: $0.14, $0.12

* RSI (14) indicator: Bullish crossover above the 50 mark

Dogecoin price has been on a bullish trajectory since the beginning of 2023, rallying by more than 120% from its swing low at $0.085. The meme coin surged past the crucial resistance at $0.14 andを目指して for higher levels.

On the weekly chart, Dogecoin price is forming a Golden Cross, a bullish technical pattern that occurs when the 50-week moving average (MA) crosses above the 200-week MA from below. This pattern is typically seen as a sign of a long-term bullish trend.

The last time a Golden Cross occurred on the weekly chart for Dogecoin was in December 2018, after which the meme coin rallied by more than 3,000% to reach its all-time high in May 2021.

However, analyst Kevin Capital expressed his doubts that Dogecoin price will hit $3.90 this market cycle in an X post. As he indicated, in each Dogecoin cycle, the leading meme coin has achieved the 1.618 macro golden pocket.

* 2016 Cycle: $0.009 Fib Extension (Macro Fib Golden Pocket) Peak.

* 2021 Cycle: $0.76 Fib Extension (Macro Fib Golden Pocket) Peak.

The expert went on to say that $3.90 is the current macro golden pocket. Nevertheless, according to Kevin Capital, the global golden pocket for Dogecoin would be $1.80 if the price is calculated from its peak before Elon Musk's 2021 Saturday Night Live.

* Peak Before Elon Musk's SNL: $0.22 Fib Extension (Macro Fib Golden fib Golden fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib fib