Analyst Says Dogecoin Could Be The Only Meme Coin For 5-10x, Heres Why

A crypto analyst using a technique called Elliott Wave theory predicts Dogecoin could increase by 5 to 10 times its current value over the next few years. The analyst believes Dogecoin is in a long-term upward trend, specifically the fifth wave of a larger pattern. While the overall trend is up, there will be short-term price drops. Dogecoin is currently in a corrective phase after reaching $0.48 in December 2024. Support seems to be around $0.25, and the price could soon start rising again. Short-term price targets are estimated around $1.7, then potentially $3.3 in the mid-term, and as high as $6.5 in the long term. Dogecoin's current price is about $0.25, so these targets represent increases of roughly 577%, 1215%, and 2490% respectively.