#DOGE price ‘conservative target’ starts at $2.35 based on DOGE bull market fractal

Fractal analysis suggests a DOGE rally above $0.35 will culminate with new all-time highs abovce $2.35.

While the daily chart remains bullish, the crypto asset lost support from the 50-day EMA level on Dec. 19 and has not yet recovered a position above the indicator.

Despite these short-term concerns, one analyst highlighted that Dogecoin’s long-term target remained significantly high in 2025 if its previous bull run performance is considered.

Dogecoin target lies between $2.35 to $2.60

CEO, an anonymous crypto investor, told his 536,000 followers on X that Dogecoin is on track for a massive rally in 2025. With the help of a weekly chart, the investor illustrated a range high and range low sweep of previous weekly resistance and support that took place in the previous bull run.

The same pattern has been repeated over the course of 2024, and Dogecoin is in the final stages before a breakout rally.

Similarly, Chandler Bing, a technical analyst, said that the memecoin’s long-term price range is between $2.35 and $2.60, which is another 683% gain from its current price. While the target seemed far-fetched at the moment, the analyst called it a “conservative target.”

The analyst emphasized that the target has been set based on Dogecoin’s performance relative to Bitcoin and Ethereum in previous bull runs.

Javon Marks, a crypto trader, also set a similar price target at around $2.30, which is based on its Fibonacci extension levels.