Dogecoin Could Surge 50% To $0.11, Says Crypto Analyst — Urges Elon Musk 'To Make It Happen'

Cryptocurrency analyst Tony predicted that Dogecoin DOGE/USD could surge as much as 40-50% in the next few weeks. 

What Happened: ‘Crypto Tony’ plotted out a chart predicting that Dogecoin could be headed for as high as $0.11. 

However, he did caution that the rally may take several weeks and that DOGE may briefly drop to a resistance level of $0.76 before mounting its significant gain.

See Also: Top Indian Apps That Give Bitcoin, NFT Reward

“My main focus is to position well ready for that C wave leg up to around 0.11c; this may not happen for a few weeks yet,” Crypto Tony advised.

The analyst said he is “ready for a DOGE pump,” and wants Twitter chief Elon Musk to “make it happen.”

For the uninitiated, Musk's tweets related to Dogecoin always manage to send the meme crypto world into a frenzy. Last week, Dogecoin's fortunes soared after Musk tweeted that It's high time he confessed and let the Doge out.

Price Action: At the time of writing, DOGE was trading at $0.080, down 2.05% in the last 24 hours, according to Benzinga Pro data. 

Read Next: Bitcoin, Ethereum, Dogecoin Spike: Analyst Sees Apex Crypto Staying Rangebound Even As Regulatory Jitters Dip