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>>Analyst explains why Dogecoin could eventually reach $1, but it’s unlikely to happen anytime soon.

Analyst explains why Dogecoin could eventually reach $1, but it’s unlikely to happen anytime soon.

crypthub

about 3 hours ago

XForce Forecast

XForce believes Dogecoin can still reach the psychological $1 level, possibly by 2028, with Wave 5 targeting $1.3. He notes only one primary bullish pathway, where Wave 4 forms a triangle. The setup is invalidated if DOGE falls below $0.05. A 10× move is considered feasible from current levels.

Current Market Sentiment

Dogecoin has climbed back above $0.10 after the recent crypto rally. Derivatives data shows a long/short ratio below 1, signaling bearish bias among traders. Trading volume dropped over 13% and open interest fell more than 12%, while options volume rose 32% and its open interest jumped 72%. Sentiment remains mixed despite the price rise.

Potential $5 Rally

Analyst Bitcoinsensus predicts a possible surge to $5 if this cycle repeats earlier patterns. DOGE posted 95× growth in its first cycle and 310× in the second, hinting at another parabolic rally by 2027. Past surges typically followed extended consolidations in risk‑on environments. The coin is trading around $0.10, down about 12% in the last 24 hours.