Analyst Predicts Dogecoin Price Could Reach $0.48 with Conditions
Crypto analyst Swallow has predicted that the Dogecoin price could soon reach $0.48, contingent upon specific market conditions.
Dogecoin Price To Reach $0.48 But This Must Happen
In a TradingView post, Swallow noted that Dogecoin is currently retesting broken Exponential Moving Averages (EMAs) and may face rejection. More confirmations are needed for the rally to $0.48.
Swallow emphasized that Dogecoin needs to weaken near the EMA zone prior to a potential downward movement. Volume accumulation in this range could drive prices towards $0.40 and $0.48 targets.
Analyst KrissPax also provided a bullish outlook, indicating Dogecoin has broken out of a 2-week descending wedge. After a retracement, he suggested a possible rally above $0.40.
In another post, KrissPax mentioned that Dogecoin recently completed a retest on an upward-sloping resistance line and is already up 6% this year, with expectations for further increases. Based on chart analysis, DOGE could potentially rally to $2, establishing a new all-time high (ATH).
Predictions indicate that Dogecoin could reach double digits this market cycle. Analyst Dima James projected that Dogecoin might cross $11 before year-end.
2025 Is A Bullish Year For DOGE
In a recent post, analyst Trader Tardigrade forecasted a bullish year for Dogecoin in 2025, suggesting the upper resistance line indicates a potential top of $3.63 for DOGE in this market cycle.
The analyst had previously predicted that DOGE could reach double digits, estimating a rise to $30 by March if it mirrors its 2021 bull run.
Similarly, analyst Master Kenobi echoed Trader Tardigrade's prediction, suggesting DOGE could hit $3.4 in an optimistic scenario, while confidently stating it could surpass $1 and reach $1.2.
Currently, Dogecoin trades at approximately $0.33, showing an increase over the past 24 hours, according to CoinMarketCap.
