Dogecoin has garnered much attention from huge investors, Doge price rapidly rising at a 3,722% growth rate in the last 90 days.
This massive buying by whales suggests that they are very confident in the performance of this cryptocurrency.
Nonetheless, there are current long-term Dogecoin predictions, which the experts are now considering, that have high rises in the coming years.
A crypto analyst known as Trader Tardigrade has shared new long-term projections for the DOGE coin after analyzing past cycles.
Tardigrade is rather bullish on the price of Dogecoin and expects it to reach $2 by the end of 2025. More so, the analyst estimates a price cap as high as $8 by the end of 2028.
According to him, these figures are a realistic expectation for the top meme coin.
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The expert predicted in the chart at the time that Dogecoin would reach values close to $0.95 after surpassing its previous all-time high of $0.7488.
This outlook is backed by various indicators from the previous market cycles, which suggest that Doge price has the potential to grow.
Moreover, a recent analysis has shown that Dogecoin is forming a descending wedge pattern, a classic bullish signal in technical analysis.
Historically, such formations have led to explosive rallies, with analysts predicting a potential 120% surge.
Whale Accumulation
Additionally, the latest influx of large holders into Dogecoin wallets is a key sign of market sentiments.
This 3,722% increase in large holder inflows in 90 days suggests that major investors are stocking up on Dogecoin, hoping for a future price surge.
Moreover, such accumulations are in anticipation of large moves since major players always can influence market trends.
Short-Term Bullish Momentum of Doge Price
Currently, Dogecoin has broken out of an ascending triangle, a technical structure that signals an upside breakout.
Such a breakout implies that Dogecoin price could attain a short-term target of $0.95.
The ascending triangle is also a noteworthy pattern, as it indicates a buying pressure that may drive prices higher once the pattern is breached.
As more investors take an interest in Dogecoin and it overcomes technical hitches, its growth potential becomes evident.
New long-term objectives and optimistic short-term signals indicate that Dogecoin is readying for an amazing performance over the next few years.
Moreover, investors are eager about these trends and expect Dogecoin to maintain this pace in reaching the identified targets set by the analysts.
Dogecoin price is currently at $0.33 and has dropped by 1.48% in the last 24 hours.
