Dogecoin (DOGE), the meme-based cryptocurrency, is making headlines as an expert predicts bullish signs that could push the price to $5. According to crypto analyst Trader Tardigrade, DOGE is entering the final phase of its ongoing downtrend, with projections suggesting the price could reach $9 in the current market cycle. While there are more conservative projections, such as $8.7 based on the 2017 market trend, many experts remain optimistic about DOGE's potential.
Analysis using the Chande Momentum Oscillator (ChandeMO) and the 50 Arnaud Legoux Moving Average (ALMA) indicates that DOGE is on a promising path. Additionally, while there are warnings about the potential for FOMO (Fear of Missing Out), many experts recommend waiting for confirmation of a breakout at the multi-year resistance level before investing.