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Dogecoin

Analyst Says Dogecoin Price Only A Few Weeks Away From New ATH If This Happens

Scott Matherson
by Scott Matherson
9 months ago
·
Posted in Altcoins, Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Analyst Olivier has indicated that the Dogecoin price could be only a few weeks away from a new all-time high (ATH). The analyst further revealed what must happen between now and then so the meme coin could surpass its current ATH of $0.73. 

Dogecoin Price Could Hit New ATH If This Happens

In an X post, Olivier mentioned that the Dogecoin price will only be a few weeks from a new ATH once it breaks above $0.23. The analyst’s accompanying chart showed that the foremost meme would rally to a temporary ATH at $1.6. Once that is done, the chart indicates that Dogecoin will rally further to $3.7. 

Related Reading: Bitcoin Price Might Never Dip Below $70,000 Again After The US Elections, Here’s Why
Dogecoin price ATH 1
Source: X

However, based on Olivier’s chart, this $3.7 target won’t mark the top for the Dogecoin price as the meme coin is still likely to rise to as high as $32. The analyst predicts the Dogecoin rally to this $32 price target will happen sometime in May 2025. Interestingly, this ultra-bullish prediction comes just after crypto analyst Ali Martinez predicted that the foremost meme coin could rise to as high as $23 in this market cycle. 

Martinez suggested that the world’s richest man, Elon Musk, could contribute to this Dogecoin price rally since he now influences US president-elect Donald Trump. Musk has already proposed the Department of Government Efficiency (D.O.G.E) under the Trump administration, which is expected to draw more DOGE. 

In his most recent DOGE analysis, Martinez also provided an update on the Dogecoin price action. He said that Dogecoin is currently consolidating within a descending triangle on the lower time frames. The analyst added that a break above the $0.198 resistance could spark a 10% rally to $0.220. 

Dogecoin price ATH 2
Source: X

The DOGE Bull Rally Is On

In a recent X post, crypto analyst Trader Tardigrade again affirmed that the Dogecoin price bull rally has already begun. He explained that in Gaussian Channel analysis, DOGE follows this pattern. First, it attempts to leave the channel but fails, sending it back to the channel, supported by the mid-band. Dogecoin again makes another attempt and then finally exits the channel, leading to the start of the bull rally. 

Related Reading: PlanB’s Bitcoin Price Roadmap To $1,000,000 Starts Playing Out, Here’s The Rest Of The Prediction
Dogecoin price ATH 3
Source: X

Trader Tardigrade confirmed that the Dogecoin price has left the channel and has commenced its bull rally. The analyst’s accompanying chart showed that Dogecoin could at least rise to $6 in this market cycle. He also recently suggested a $10 target was possible while revealing that the Dogecoin price had repeated a falling wedge pattern from 2021. Crypto analyst Dima James has also predicted that DOGE can reach $10 in this bull run. 

At the time of writing, the Dogecoin price is trading at around $0.19, up in the last 24 hours, according to data from CoinMarketCap.  

Dogecoin price chart from Tradingview.com
DOGE continues to hold $0.19 | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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