Crypto analyst KrissPax has predicted that the Dogecoin price can rally to as high as $3 in this market cycle. The analyst further explained how the foremost meme coin will reach this price target using the Logarithmic scale.
Dogecoin Price To Reach $3
In an X post, KrissPax highlighted a path for the Dogecoin price to reach $3. He drew attention to a Dogecoin chart that connects the monthly tops of 2017 and 2021, with an arc representing diminishing returns with a larger market cap, using a logarithmic scale. He suggested that the first step to reaching this $3 target will be for Dogecoin to reach $1. However, the analyst is convinced that the meme coin can reach $3 in this cycle.
Based on crypto analyst Trader Tardigrade’s recent analysis, this Dogecoin price rally to $1 could happen soon, putting the rally to $3 in motion. In an X post, the analyst said the Dogecoin Relative Strength Index (RSI) has been bouncing up from the oversold zone on a 4-hour chart. The
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