Dogecoin could reach $0.67 if it repeats 2024 parabolic rally

Dogecoin's price action often features a period of compression before a significant rally. In late-2024, after stabilizing around $0.10, Dogecoin surged to approximately $0.45 within two to three months.

Late-2024 Parabolic Run

  • The rally started just above $0.10, overcoming resistance at $0.15 and $0.20 with minimal setbacks.
  • Dogecoin then entered a vertical phase, reaching $0.30 and peaking at $0.45.
  • This resulted in a 4.5x increase over less than four weeks, characterized by expanding volume and high RSI (70-80 range).

Dogecoin

Future Projections

  • If a similar parabolic pattern occurs from a higher base ($0.15), prices could reach $0.60-$0.67.
  • A trader holding 1,000 DOGE at $0.15 would see their position value rise from $150 to $600-$675.
  • These projections are hypothetical and assume the same past behaviors without specifying timelines.
  • Current projections remain below Dogecoin's all-time high of $0.76, though some anticipate a push to $0.80.

Dogecoin price chart from Tradingview.com