Analyst Ali Martinez pointed out DOGE’s long-term ascending parallel channel pattern, which suggests the possibility of a massive 6,770% increase to $22.11. If this is achieved, DOGE’s market cap would be $3.26 trillion, making it one of the largest assets in the world.
DOGE experienced a notable increase from the beginning of November. At the start of the year, DOGE rose steadily at around $0.092 and reached $0.15 in November – a 63% increase. This bullish trend gained even more momentum, fueled by the support of Tesla CEO Elon Musk and his ties to President-elect Donald Trump.
The announcement from the Department of Government Efficiency (DOGE) further boosted investor confidence. By December 8, DOGE rose to $0.47, up 414% year-to-date (YTD).
After its peak, DOGE fell by 32% and was trading at $0.32 on December 30th. While the decline dampened near-term excitement, technical analysts said…
