The Mid-May crash of 2021 has trembled the entire crypto space. Where-in many cryptos including Bitcoin suffered an extreme downtrend. DOGE price was also one among them which plunged heavily and reached rock bottom prices.
Yet, the price sustained above certain levels which pointed out that, despite the plunge, the asset is still poised to recover losses. And hence may stick to the path that leads towards its ATH diminishing the barriers.
In a recent update, a popular analyst with over a decade of experience in markets suggests the current levels are the best to buy. The analyst Project Syndicate also predicted that the target for the dogecoin price set in between $1.50 and $1.75. Moreover, the target is set to hit in August-September 2021.
As per the chart posted by the analyst, the price is all set to propel more than 550%. However, the buy remains lower than the current levels pointing out yet another pullback before the next leg up.
The DOGE price initiated a bullish trend, breaking the descending channel and surging nearly 41% in just a couple of days. Yet the price fell into the bearish cartel and shed all the gains since the start of the month. Since then, the trended within a very narrow range and consolidated strongly.
The price at the time of writing is $0.3161 with a slight jump of 0.90% after declining more than 15% in the past week. In the coming days, one can expect a decent jump in the coming days with notable gains.