The post No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE), a cryptocurrency that has gained popularity and surpassed $60 billion in market capitalization, is once again attracting attention. While the year got off to a shaky start for DOGE, it has since seen a significant upswing. DOGE has mostly consolidated at $0.40, which begs some questions about whether its moment of glory has vanished. Recent research, however, points the other way, with specialists looking at possible price levels that would inspire DOGE aficionados once more. Technical Support Points Toward Development Important technical indications have helped to propel the price trajectory of DOGE. Currently at $0.26, the 50-day moving average has been a consistent support level that has helped it to climb to $0.44. The 200-day moving average, which stays constant at $0.15, shows DOGE’s long-term consistency. $DOGE $XRP money will flow into $DOGE My first target is 1$ I think we will reach 3-5$ very easy next year pic.twitter.com/hf5w8FUOUs — ProfessorAstrones (@Astrones2) December 2, 2024 These metrics indicate a strong foundation for future growth. Analysts like Professor Astrones believe DOGE could soon end its consolidation phase and start moving toward $1. Beyond that, he projects the coin could hit $3 to $5 “very easily” in 2025. It’s an ambitious goal, but Dogecoin has surprised the market before. XRP’s Role In Dogecoin’s Future The recent success of XRP is an interesting part of the possible rise in DOGE. In the past week, the price of XRP has doubled, giving some long-term users over 400% returns. The market value of XRP has grown to more than twice that of Dogecoin thanks to this rise. Astrones, on the other hand, says that the rising trend in XRP may soon slow down. That could make buyers want to put their gains back into Dogecoin, which would make more people want to buy…

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Filed under: News - @ December 5, 2024 7:17 am