As the end of the year draws near, certain crypto markets may yield some exciting momentum. For example, Dogecoin is widely considered to be a potentially good buy, even if the current trend is anything but promising. However, there are still a few viable price targets to watch over the coming weeks.
More Dumping Before Recover?
One possible scenario is how DOGE/USDT will break through the current support level over the coming days. Although that could see prices go to $0.13 or even lower, it should eventually result in a solid uptrend to the $0.22 range in the months that follow. Though DOGE has achieved stranger things, a break that goes much higher than that remains rather unlikely for now.
However, that scenario is not in stone either. Assuming DOGE/USDT remains in the current price range and does not break below the support, it can push to $0.22 a lot quicker. While that level might not result in a merry Christmas for those who bought near the peak, it would break the current downtrend, at least temporarily.
The Push To $24
There are always outlandish crypto price predictions that make zero sense. In theory, the prediction by amazedLeader30533 falls into that category, but Dogecoin has proven to be an exciting market. It might see a drop to the low $012 range first, but eventually, the market should recover to $0.5ish by late 2022. That is still a long time to see noteworthy DOGE/USDT market action, but it is safe to say the currency had its run for 2021.
However, if all crypto markets continue their overall uptrend, there’s no reason for the market to stop at $0.5 either. A new all-time high of $1.37 is certainly within the cards in the next 19 months. Pushing through to $24 would be interesting to see, as it’d give Dogecoin a multi-trillion dollar market cap.
Mark December 12th
It doesn’t happen often, but sometimes, traders will point out specific dates to watch on price charts. For DOGE/USDT, the next date to watch might be December 12th, although it will require a Bitcoin uptrend of some sort. The big question is if Bitcoin can effectively move p over the weekend. Saturdays and Sundays are traditionally bearish, although the rest of the week has already proven to be rather negative.
Whether December 12th is the day for a Dogecoin uptrend remains impossible to determine. The downtrend has been in place for some time now, and it appears there is some accumulation taking place right now. In some cases, that can be a prelude to a new bull run, although crypto assets remain primarily unpredictable. For DOGE/USDT, the coming weeks will prove crucial either way.
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