Analyst Predicts Dogecoin Rally to $0.8 as Worst Seems Over

Crypto analyst Charting Guy predicts a potential rally for Dogecoin (DOGE) to $0.8, marking a new all-time high. The worst may be over if DOGE follows a chart pattern similar to XRP, with a possible breakout to $1 after a long-term consolidation.

  • Charting Guy suggests Dogecoin could trade sideways until mid-2028 before breaking out.
  • The recent drop to $0.11 might have marked the bottom as Dogecoin regains its bull market structure.

Dogecoin

Dogecoin has rallied almost 30% at the start of the year, leading the crypto market alongside other meme coins. Institutional interest is rising, with DOGE ETFs seeing net inflows of $2.30 million on December 2 and $1.60 million yesterday.

Short-Term Outlook for DOGE

  • Charting Guy anticipates DOGE could reach $0.2 in February, followed by a pullback to $0.12 in March before another upward move.
  • Analyst Javon Marks provides a bullish outlook, targeting $0.6533 and $1.25111, with the potential of reaching $11 during altcoin seasons.

Currently, Dogecoin is trading at around $0.15, according to CoinMarketCap data.

Dogecoin