Can Dogecoin (DOGE) Reach $3? Analysts Give Their Opinions

Jakarta, Pintu News – In a broadcast on X, independent market analyst Kevin (@Kev_Capital_TA) discusses a question that often comes up whenever the market is bullish: is it realistic for Dogecoin (DOGE) to reach a price of $3 per coin? Kevin digs deeper using macroeconomic fundamentals rather than relying solely on chart patterns.

Analysis of Macroeconomic Conditions

Kevin predicts that if the Federal Reserve cuts interest rates as he expects in June and July, these loose monetary conditions could push Bitcoin (BTC) into the $220,000 to $250,000 range. In this scenario, Dogecoin (DOGE) has the potential to rise dramatically.

“If Bitcoin (BTC) can reach that number, Dogecoin (DOGE) can too,” Kevin said in his analysis. According to Kevin, an interest rate adjustment by the Federal Reserve would be an important catalyst that could change the direction of the market. Looser monetary policy usually has the potential to increase investment in risky assets such as cryptocurrencies, including Dogecoin (DOGE).

Dogecoin (DOGE) Technical Potential

Kevin also emphasized the use of Fibonacci-extension levels, which are often referenced by technical traders. “Dogecoin (DOGE) has reached the 1,618 Fibonacci level in both cycles. This level is at $3.94,” he explains.

This suggests that not only could Dogecoin (DOGE) reach $3, it could even surpass that target based on historical patterns. It’s important to understand that while technical analysis shows potential, the market always has uncertainties. Therefore, investors and traders should always be prepared for any eventuality and follow market developments in real-time.

Market Dynamics and Investor Sentiment

The upcoming Federal Open Market Committee (FOMC) meeting on June 12 will be a key moment to see if the predictions of interest rate cuts will be proven. This will not only affect the stock market, but also the cryptocurrency market.

Investor sentiment and Bitcoin’s (BTC) dominance in the market will also play a key role in determining whether Dogecoin (DOGE) can reach the $3 price. The combination of monetary policy, market performance, and investor sentiment will be the deciding factors.

Conclusion

While many are still skeptical, Kevin’s analysis shows that there are logical reasons why Dogecoin (DOGE) could reach and even surpass $3. However, as analysts always emphasize, the market will be the final judge. Until then, traders and investors should remain vigilant and stay tuned.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.Slug

Reference

NewsBTC. Can Dogecoin Realistically Reach $3? Accessed on April 24, 2025
Featured image: Bitcoin Sistemi

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