DogeCoin (DOGE)

Dogecoin (DOGE) Price on Edge: Analyst Predicts 1,040% Rally to $3.80 in 2025

Dogecoin (DOGE), the leading meme coin, could be on the verge of a massive breakout, according to prominent crypto analyst Trader Tardigrade. In a tweet today, he shared a chart projecting a staggering 1,040% rally, setting a bold target of $3.80 in this market cycle.

Dogecoin Poised for a Major Upswing

Trader Tardigrade’s analysis suggests that Dogecoin will mirror its historical cycle, where it has consistently surpassed previous highs after breaking key resistance levels. The ninth-largest cryptocurrency by market cap is expected to repeat this trend, positioning itself for a meteoric rise.

This bullish forecast follows Tardigrade’s January 30 analysis of Dogecoin’s dominance over Bitcoin. His observations highlighted that the DOGE/BTC pair is forming a falling wedge pattern on the weekly chart while sitting at a critical support level. If Dogecoin breaks out, it could trigger a broader altcoin market rally, a trend often seen in February when altcoins like Ethereum experience significant gains.

Market Analysts Strengthen Bullish Sentiment

Seasoned market trader Coinvo has further reinforced the bullish case for Dogecoin. He asserts that DOGE is on track to reach a new all-time high soon, echoing its remarkable 12,000% surge in the 2021 bull run. His analysis suggests that Dogecoin must hold the $0.33 support level to maintain its upward trajectory. If sustained, the next target would be $0.4155 before aiming for new record highs.

Dogecoin’s Social Buzz Fuels Optimism

Beyond technical indicators, social sentiment around Dogecoin is surging. According to LunarCrush Analytics, Dogecoin’s social dominance recently hit a multi-month high of 4.45%, outpacing most crypto assets. This growing community engagement could amplify market sentiment, potentially driving more bullish momentum for DOGE.

Dogecoin Social Dominance

At press time, Dogecoin is trading at $0.335, marking its third consecutive day in the green. As enthusiasm builds, all eyes are on whether the meme coin can defy expectations and reach the coveted $3.80 mark in this cycle.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: Can Dogecoin’s 2021 Rally Could Repeat ? Analyst Ali Martinez Says Don’t Bet Against DOGE’s Potential 900% Surge

About The Author

Shiba Inu Previous post Shiba Inu (SHIB) Eyes Another Strong February, Will 2025 Continue the 20.3% Average Gain?
xrp-ripple Next post XRP Bulls Eyeing $4.4 as Peter Brandt Predicts Breakout to New Highs