'DOGE Is Gonna Pop:' Crypto Analyst Predicts Dogecoin On The Verge Of A Price Jump

Cryptocurrency analyst Muro predicts a surge for Dogecoin DOGE/USD, anticipating a possible 6% rise in value. 

What Happened: At the time of writing, DOGE was trading at $0.078. Muro’s target for DOGE stands at $0.083. 

Sharing his optimistic outlook, the cryptocurrency analyst posted on X, “Kinda have the feeling that the DOGE is gonna pop.”

Over the weekend, Dogecoin experienced a 10% increase. This boost came after the setup of a new verified account tied to the anticipated payment feature on the X app, the project spearheaded by Elon Musk.

In a subsequent tweet, Muro observed a short-lived spike in DOGE’s value, saying, “Spider senses were right; it popped after my tweet but scammed back to entry from halfway to the target, seems like it's bouncing; it might give another push."

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters:  Last week, pseudonymous cryptocurrency analyst Johnny predicted DOGE to reach $0.10. 

"$DOGE break out — retest complete. Now at a big level — flips this and can see the next leg higher towards $.10. New narrative starting — X Payments account just created…Rumors that X / Twitter will start using DOGE as the universal payment for X

Price Action: At the time of writing, DOGE was trading at $0.078 down 0.02% in the last 24 hours, according to Benzinga Pro

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?

Photo by milan2102 on Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorCryptocurrencyNewsMarketsdogecoinElon MuskMuro
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!