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Analyst Says Dogecoin Price Could Break $0.48, But This Needs to Happen First
Cryptocurrency analyst Swallow has predicted that the price of Dogecoin could soon rise to $0.48. The analyst also revealed what needs to happen first before this leading meme coin can enjoy this upward price reversal. The price of Dogecoin will reach $0.48, but this must happen In a post on TradingView, Swallow predicts that the price of Dogecoin could rise to $0.48. He notes that Dogecoin is currently retesting the broken exponential moving average (EMA) trendline, where a rejection is possible. The analyst adds that further confirmation is needed for this price increase to reach $0.48.
In line with this, Swallow notes that the price of Dogecoin needs to weaken near that EMA zone before transitioning to a downward trend. He explains that any signs of increased trading volume in that range could lead to further moves towards the targets of $0.40 and $0.48. Cryptocurrency analyst KrissPax recently also provided a bullish outlook for Dogecoin, predicting that a recovery is imminent. He stated that Dogecoin has broken out of a two-week downtrend. This cryptocurrency analyst further mentioned that after the pullback, the top meme coin could rise back above $0.40. In another post on X, KrissPax revealed that the price of Dogecoin has just completed a retest on the steep resistance line as support and has risen 6% in the new year. He added that it is expected to continue to rise further. Based on chart analysis, DOGE could rise to $2, marking a new all-time high (ATH) for the leading meme currency. The price of Dogecoin can still rise to two digits in this market cycle based on the predictions of some cryptocurrency analysts. One of these analysts is Dima James, who recently predicted that Dogecoin could surpass the $11 mark before the end of this year. 2025 is the Year of DOGE Price Increase In a recent post on X, cryptocurrency analyst Trader Tardigrade also provided a bullish outlook for Dogecoin. He declared that 2025 is the year of price increase for the leading meme coin. This cryptocurrency analyst further stated that the resistance line suggests that the peak of DOGE in this market cycle could be $3.63.
A former cryptocurrency analyst predicted that the price of Dogecoin could reach double digits. The analyst claimed that DOGE could reach $30 in March of this year if this meme coin reflects its price surge in 2021. Meanwhile, cryptocurrency analyst Master Kenobi also shared a similar prediction to Trader Tardigrade, predicting that DOGE could reach $3.4 in a "super optimistic" scenario. The analyst is more confident that the top meme coin can at least surpass the psychological level of $1 and reach $1.2. At the time of writing, Dogecoin is trading at around $0.33, up over the past 24 hours, according to data from CoinMarketCap. Please provide the text to be translated DYOR! #Write2Earn #Write&Earn $DOGE {spot}(DOGEUSDT)