Analyst Predicts 300% Rally for Dogecoin in April 2025
In 2024, Dogecoin struggled below $0.1 for months before a notable price increase occurred. Analyst World of Charts predicted this rise, identifying a falling wedge pattern that suggested a potential breakout to $0.3, a 300% increase. Eventually, Dogecoin reached $0.5 by November 2024.
Current Predictions
World of Charts has indicated that Dogecoin may be poised for another significant breakout, targeting a similar 300% increase from its current price of approximately $0.17, potentially leading back to $0.5.
Additional Analysis
Analyst Jonathan Carter supports this bullish outlook, also noting the breakout from the falling wedge pattern. He sets initial targets for Dogecoin at:
- $0.18
- $0.23
- $0.29
- $0.34
This suggests a maximum possible rise of about 100% if the breakout is successful.
