Analyst Predicts Dogecoin Could Reach $3.80 If Bitcoin Continues Rising

Kevin, a crypto analyst, noted that Dogecoin's current market structure is stronger than in previous bull markets. He analyzed Dogecoin’s historical cycles and identified a breakout-and-retest pattern that could lead to a long-term price target of $3.80–$3.90 if Bitcoin continues to rise.

Key Insights

Dogecoin has historically reached the 1.618 Fibonacci extension in two prior cycles.
The current cycle shows higher highs and lows, indicating a healthier structure.
The Relative Strength Index remains low, suggesting potential for upward movement.
A fresh Stoch RSI cross may signal a significant price increase post-halving.
A macro golden pocket between $0.26 and $0.285 targets $0.32–$0.33 based on ongoing patterns.
Bitcoin dominance near 64% could limit altcoin liquidity but signs suggest a possible rotation into major coins.

Future Outlook

If Bitcoin maintains stability and macroeconomic conditions remain favorable, Kevin predicts a target near $1.00 for Dogecoin.
A decisive break above this level could pave the way to the $3.80 target.
Kevin dismissed extreme price predictions but affirmed that $3+ is achievable if Bitcoin approaches $200,000.
Dogecoin's popularity suggests it could lead an altcoin surge when retail investors return.

As of now, DOGE is trading at $0.243.