Analyst Predicts Dogecoin Price Could Reach $3.25 in Three Months
Crypto analyst Anthony forecasts that Dogecoin could rise to $3.25 within the next three months, marking a 1,500% increase and reaching a new all-time high (ATH). However, he did not specify what might drive this surge.
Potential Catalysts for Dogecoin's Price Surge
- Speculation about DOGE acceptance by Tesla as a payment method, though Elon Musk has not confirmed this.
- The launch of Dogecoin ETFs, pending SEC approval, could attract institutional investments.
Technical Analysis and Predictions
- Analyst Ether notes Dogecoin is holding 25MA support and has cleared a falling channel breakout, similar to past cycles, suggesting an accumulation phase before a potential rally.
- Ether's chart predicts a rally to $1.9 in a parabolic phase.
- Crypto Kaleo expects DOGE to reclaim $0.25, filling market gaps from a recent crash.
Currently, Dogecoin trades around $0.19, reflecting a decline over the last 24 hours, per CoinMarketCap data.
