Can DOGE Soar to $5? This Analyst's Prediction Is Bold

Crypto analyst Crypto Patel just published a paper saying that DOGE is ready to go, and the next wave could shoot straight to $5—if that comes true, it would mean a 30x return from the current $0.174.

Sounds crazy? But Patel says this kind of candlestick pattern appeared in both 2017 and 2021, and this time the momentum looks even stronger. He’s looking at the monthly line chart—breakout and retest are both done, just waiting for ignition.

The target price comes in two steps: first $2, then $5. Both would be all-time highs.

However, some analysts are more conservative. Javon Marks only dares to predict DOGE returning to its all-time high of $0.73 (a 311% increase from the current price), while Trader Tardigrade says it could drop to $0.16 before bouncing back to $0.32.

The question now is—BTC is stuck below $100,000, and the market’s a bit cool. Whether DOGE can break out still depends on whether Bitcoin can hold strong.