As the third wave continues, experts predict the macro target price of DOGE to be between $2.2-3.46.

A cryptocurrency expert said that the pump of DOGE's price is far from over, and predicts that the mid-term target price of this meme coin with a dog theme is between $2.2 and $3.46. According to his detailed price chart, DOGE is currently in the third wave of Elliott Waves and will pump significantly.

Cryptocurrency analyst Hov from X (formerly known as Twitter) discussed the future price movement of DOGE based on Elliott Waves and the current price action of DOGE. The analyst pointed out that DOGE has achieved an amazing 690% increase since recently reaching a key macro entry level.

According to Hov's chart analysis, DOGEPA is currently in the third Elliott Waves, which is typically characterized by a steady rise in price movement. The third wave is generally considered the strongest of Elliott Waves' five-wave power sequences and is also considered bullish.

The price chart shows that DOGE recently broke through the key support area near $0.27 after a long consolidation period and is entering the third wave. Although Hov predicts that the macro target price will rise to $2.2 to $3.46, the analyst also revealed that if DOGE maintains a strong bullish momentum, its price could reach a final target of $4.2. This significant price pump would require DOGE to skyrocket 976% from its current value.

As DOGE price steadily approaches the $1 mark, Cryptocurrency analyst Trader Tardigrade has identified the local peak of the upcoming meme coin. The analyst revealed that DOGE has successfully set multiple local market highs after a significant pump in price last year. He also disclosed that each local peak has a 2x relationship, with DOGE price doubling in the first three local peaks.

According to the analyst's chart, DOGE reached a local high of $0.11 in October 2023, then pumped 2 times, reaching another high of around $0.22 in April 2024. Interestingly, a similar bullish pattern has emerged again around October this year, and the price of this meme coin has doubled compared to the previous high, reaching a local price peak of around $0.44 this month.

Based on this bullish pattern, the price of DOGE has doubled every time it reached a local ATH in history, trader Tardigrade predicts that this meme coin will continue this trend until it reaches an All-time high of $5. The analyst predicts that by April 2025, DOGE may reach the next local ATH of $0.88.

In addition, analysts predict that around July 2025, DOGE will double again, breaking through the $1 mark and reaching $1.76. By October 2025, analysts also predict that the price of DOGE is expected to pump to $3.52.

(Data Source: Scott Matherson)