Dogecoin Analysts Predict Price Rally Above $0.74 ATH Amid Downtrend

Crypto analyst Balo predicts that Dogecoin could surpass its all-time high of $0.74, reaching $0.8. Despite recent bearish trends, Balo suggests a significant rally is imminent due to persistent higher lows and a consistent higher-timeframe trend.

Balo notes a pattern of "messy" price action at each local bottom since early 2024, leading to substantial gains afterward.
The current Dogecoin price struggles below $0.2, reflecting Bitcoin's downward movement.
Another analyst, Crypto Patel, supports the bullish outlook, predicting a 10x to 33x rally based on repeating patterns from past bull cycles.
Patel identifies future targets at $2 and $5, suggesting new all-time highs for Dogecoin.

Currently, Dogecoin trades around $0.17, down over 4% in the past 24 hours.