Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge

The price of dogecoin is on a Pious of fresh rise After passing $ 0.26 during the weekend, turning on a new wave of optimism in the cryptocurrency market. Like the The meme currency regains up slenderA analyst asks for a huge 2,600% wave that could lead Dogecoin to a market capitalization of $ 1 trillion and $ 6 of destination of this cycle.

The analyst soon sees the dogecoin price hit $ 6.9

Dogecoin has again captured the attention of the market with a Powerful weekend rally This saw its price break above the sign of $ 0.26. This explosive movement has arrived as renewed enthusiasm for meme currency He crossed the cryptocurrency market, bringing a new momentum in front of a possible breakout.

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In a post of social media x on July 17th, a few days before the weekend, the Crypto Kaleo analyst expected That dogecoin is preparing the foundations for an increase of almost 2,600% in this cycle. The analyst also set an $ 6,942 bullish target for Dogecoin, a big leap from its current price of $ 0.27.

By adding to Hype, Kaleo believes that Doge could eventually Reach a market capitalization of $ 1 trilionemarking an increase of over 2.350% from its current evaluation of $ 40.8 billion. While its projections seem ambitious, they draw on the wider narrative that Meme coins have transcended their jokes origins become digital resources with real value and utility.

Throughout the bears market, Dogecoin has maintained a Lealal follow -up and coherent visibilitysurviving numerous tokens that are faded irrelevant. This supported presence, combined with its cultural impact e Historical upright performance, It has strengthened the idea that, despite its speculative nature, meme coins have a real and lasting value in the digital activities market.

Although the ultra-bullish projection of Kaleo for the price of dogecoin and market capitalization this cycle has been accepted with various degrees of skepticism And uncertainty, the market expert remains confident in his perspectives. When a member of the community described its forecast as “a little excessive”, kaleo firmly replied which was not “at all”.

Dogecoin set to a collapse before the next target

In other news, the Tardigrade cryptocurrency analysts trader announced That dogecoin seems to follow a classic Ribillist reversal modelWhile completing a double -training textbook on the daily graphic designer. The meme currency broke out above the neckline resistance near $ 0.25, confirming the upper structure that has apparently developed since February.

Dogecoin
Source: Tardigrade trader on X

According to the expert, this breakout aligns with previous forecasts, in particular when the model started to take a clearer form during the June and July rallies.

Related reading: Dogecoin returns to the levels of December 2020, is another 36,000%rally possible?

As with Double background reasonsTrader Tardigrade provides that a temporary decline to the neckline is very likely, which acts as a new support. If this scenario takes place as indicated, dogecoin is expected to increase to his Next Target short -term of $ 0.476, which represent an increase greater than 76% compared to current levels.

Dogecoin
Doge trading at $ 0.27 on the 1D graph Source: dogeusdt on tradingview.com

First floor image from Istock, TradingView.com graphic

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