Is Dogecoin About to Zoom Past $3.6? Hold Onto Your Hats!

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Well, if you’ve been snoozing on the crypto couch, here’s a jolly update: Dogecoin, that cheeky digital canine, might be gearing up for a rollicking spree all the way to three dollars and sixpence—er, dollars—according to a chap who knows a thing or two about charts and other arcane wizardry.

Dogecoin’s Dash to $3.6: Like a Bulldog Breaking Chains

Picture, if you will, Dogecoin trapped in a descending wedge, rather like Jeeves trying to squeeze into a waistcoat after a particularly hearty luncheon. After a decent spell of napping in the price channels, this memeish mutt is reportedly set to unleash a price leap that’ll make the neighbours’ eyebrows do the can-can.

Back in the halcyon days of 2021-2022, Dogecoin’s antics resembled a champagne cork popping off the bottle with a vengeance. And lo, it seems the rascal is intent on repeating the performance. Kevin, that crypto sleuth on the now-happily renamed platform X, suggests our four-legged friend has flounced out of its gloomy downtrend and is testing some rather important technical channels. God bless that plucky pup!

One technical tidbit worth mentioning is the mysterious 1.618 Fibonacci extension that predicts a frolicking price rampage to a spicy $3.6. It’s as if Dogecoin’s past escapades in surging prices have conditioned the market to expect the unexpected, especially as the economic winds blow in its favour.

Dogecoin price chart

Remember when Dogecoin frolicked past Bitcoin and those other altcoin ruffians? Quite the spectacle! Kevin beams that brighter days may be dawning, with the Federal Reserve potentially lowering interest rates soon—perhaps in June or July—which should mean more cowboy cash flowing into things like Dogecoin.

With the money supply beginning a sprightly encore after a long and dreary Quantitative Tightening (QT) intermission, and inflation measures like Truflation humming a softer tune, the stage looks set for our scrappy meme coin to fetch even more investor attention.

Should the Fed wrap up its QT concerto, we might witness a tidal wave of fresh capital plunging headlong into risk assets like cryptocurrencies. Combine this with those delightful breakout technicals, and Dogecoin’s price chart could turn into a scene from a very cheerful circus act.

Emma’s Modest Predictions: $0.19 or $0.20 – Hold Your Whiskers!

Meanwhile, Emma, another crypto oracle on X, forecasts that Dogecoin might first paw its way up to a modest $0.19, and then launch for the stars at twenty cents. Currently, our canine is crouching at around $0.18, licking its chops after a tumble from $0.24, and eyeballing the next hurdle around $0.19.

If the Doge manages to leap clean over this with a crowd roaring (read: volume increasing), Emma’s crystal ball suggests the pup might fully sprint up the price playground like a sprightly Jack Russell at Wimbledon.

Dogecoin price prediction chart

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2025-04-29 04:43