Dogecoin Price Predicted to Rally, Analyst Sets Target at $0.48

Crypto analyst Butterfly predicts a potential rally for Dogecoin amid market recovery. DOGE is currently below $0.2, but technical analysis suggests bullish momentum.

Butterfly highlights DOGE's position at the lower boundary of a symmetrical triangle on a 3-day chart, indicating strong support at $0.165.
The price could rally to $0.48, a previous local high, potentially by year-end or early next year.
Market rebound supports this outlook as Bitcoin rises above $100,000 after a recent drop.
Analyst Ali Martinez notes a buy signal for DOGE via the TD Sequential indicator, suggesting a local bottom is in place.
Chandler points out that DOGE's bull runs often follow a TOTAL3/TOTAL uptrend and a sharp V-shaped recovery.
Ether confirms that DOGE's long-term bullish structure remains intact despite recent pullbacks, with potential to reach $1.

Currently, DOGE trades around $0.16, showing a decline over the past 24 hours.

Dogecoin