Earlier today (September 5), prominent crypto analyst and trader Scott Melker (aka “The Wolf of All Streets”), said that he expects the price of Dogecoin ($DOGE) to get back to $0.35 in the very near future.
Melker’s short-term price target for $DOGE is based on his technical analyst of DOGE-USDT price charts:
Another crypto analyst — Justin Bennett — told his over 66K Twitter followers that if they already own $DOGE they should keep holding and not give up on it:
However, one person who is a lot more bullish on $DOGE than either Scott Melker or Justin Bennett is pseudonymous crypto analyst and influencer “Altcoin Sherpa”, who seems to believe that in the medium term the $DOGE price is headed to over $1:
One popular pseudonymous Dogecoin analyst and influencer send out a tweet to his over 183K followers that essentially said that if you believe in the passion of the Dogecoin community and Tesla and Space X CEO Elon Musk’s fondness for Dogecoin, then it is hard not to be bullish on $DOGE:
Cryptocurrency social media analytics platform LunarCRUSH said earlier today that Dogecoin was the #1 meme-based cryptocurrency by social volume in the preceding 24 hours:
According to data by TradingView, on crypto exchange Bittrex, currently (as of 20:20 UTC on September 5) DOGE-USD is trading around $0.3106, up 3.56% in the past 24-hour period. In the year-to-date (YTD) period, DOGE-USD is up an incredible 6508%.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.