Prominent crypto trader “WSB Trader Rocko” claims that Dogecoin is unlikely to trade below the price of $0.40 in the future.
After weeks of uncertainty, things appear to be heating up again in the crypto market ahead of the president-elect’s inauguration. Donald Trump is getting closer. Amid all the hype, investors seem increasingly optimistic.
In the latest case highlighting this, a widely followed market analyst suggested that major crypto memes Dogecoin (DOGE) could achieve a coveted milestone in the next two weeks.
Last chance to buy Dogecoin (DOGE) under $0.40?
Prominent crypto trader “WSB Trader Rocko” has sparked excitement by claiming that Dogecoin is unlikely to trade below the price of $0.40 in the future.
“Last chance to buy DOGE below $0.40” the trader got excited an X post on Thursday, December 16.
WSB trader Rocko expressed this view by saying that DOGE has a 60% chance of reaching the coveted price of $1 by the end of January 2025.
The analyst based this optimism on a double bottom formation on the daily candle chart of the dog-themed meme coin. They believe this formation has two potential targets: the first above the asset’s all-time high of $0.73 and the second at the $1 price level.
Beyond the Chart, WSB Trader Rocko Tipped Dogecoin Enthusiast and Tesla CEO Elon Musk as a catalyst for passage through his involvement with Donald Trump’s proposed Department of Government Effectiveness. The billionaire apparently linked the fortunes of the same coin to the working group by dubbing the latter DOGE.
On Thursday, prominent crypto analyst Ali Martinez also suggested that Dogecoin could launch the second leg of its parabolic run as early as next week, citing price action in the 2021 bull market. The rally will also coincide with the inauguration of President-elect Donald Trump.
Ali Martinez has already predicted that DOGE could reach the price of $23 in the current market cycle.
At the time of writing, however, DOGE continues to trade below $0.40 at $0.3858, up nearly around 2% in the past 24 hours, according to CoinMarketCap databut still far from the dazzling objectives set by analysts.
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