Crypto trader Melika correctly predicted that the Dogecoin price would rally to $0.3 back in October. Interestingly, this was only the trader’s first target, as they also provided higher targets that the foremost meme coin could reach in the short and long term. Dogecoin Price To Rise To $3.80 In The Long Term In the TradingView post, Melika predicted that the Dogecoin price could rise to $3.80 in the long term. The crypto trader gave these price targets back in October based on a cup-and-handle pattern forming on Dogecoin’s chart. This is a bullish continuation pattern in which the price rallies after a consolidation phase. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 Back in October, Melika stated that if the handle pattern completes and breaks upward, the Dogecoin price could reach $0.38 and $0.52 as immediate targets. He added that a breakout above the pattern’s neckline could lead to a long-term price target in the $3.80 area, which aligns with higher resistance levels, which he highlighted on the chart. In a recent update ..
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