Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First
cryptocurrency analyst The swallow has predicted The price of Dogecoin may soon rise to $0.48. The analyst also revealed what needs to happen first before the most important meme coin can enjoy this bullish reversal.
Dogecoin price will hit $0.48, but it has to happen
in a Transaction View PostSwallow predicts that Dogecoin price may rise to $0.48. He noted that Dogecoin is currently retesting the broken exponential moving average (EMA) and rejection is likely to occur. The analyst added that more confirmation is needed to take this rally to $0.48.
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In line with this, Swallow says Dogecoin price needs to weaken around this level EMA area before making the downward movement. He explained that any signs of increased volume within this range could lead to further price movement towards the $0.40 and $0.48 targets.
cryptocurrency analyst Chris Parks It has also recently given a bullish outlook on Dogecoin price, predicting that a rebound is imminent. He stated that Dogecoin has broken out of a two-week falling wedge. The cryptocurrency analyst added that the most important meme coin could rebound above $0.40 after the pullback.
In another X post, KrissPax revealed that Dogecoin price has just completed a retest of the upward sloping resistance line acting as support and is already up 6% in the new year. Prices are expected to continue moving higher, he added. According to chart analysis, DOGE could rise to highs of $2, marking a new All Time High (ATH) The most important meme coin.
According to predictions from several cryptocurrency analysts, Dogecoin’s price could still rise to double digits during this market cycle. One of the analysts is Dima Jameswho recently predicted that Dogecoin could break $11 before the end of the year.
2025 is a bull year for DOGE
In a recent X post, crypto analyst tardigrade merchant It also provides a bullish outlook for Dogecoin price. He stated that 2025 is a bullish year for the most important meme coins. The cryptocurrency analyst added that the resistance line above indicates a possible DOGE top during this market cycle at $3.63.
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The cryptocurrency analyst has previously predicted that Dogecoin’s price could reach double digits. Analysts say that if the Meme coin reflects its actual situation, DOGE could reach $30 by March this year. 2021 bull market.
Meanwhile, cryptocurrency analysts Master Kenobi A similar forecast was shared with Trader Tardigrade, predicting that DOGE could reach $3.40 in a “super bullish” scenario. The analyst is more confident that the most important meme coin can at least break through the psychological level of $1 and reach $1.2.
According to the data, Dogecoin price is around $0.33 at the time of writing, rising in the past 24 hours data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
