Dogecoin’s price trajectory has ignited interest as traders analyze potential targets following a major technical breakout. Analyses by @CryptoELlTES and @btcbalo provide insights into DOGE’s bullish trajectory and highlight its current performance and future projections.
Dogecoin Breaks Out of Key Patterns
Dogecoin (DOGE) has emerged from a prolonged downtrend, breaking out of a descending triangle pattern on the weekly chart. This bullish reversal marked the end of lower highs and horizontal support, leading to a strong price rally.
Following this breakout, DOGE consolidated within a symmetrical triangle from late 2022 to early 2024. Its subsequent breakout confirmed the continuation of a bullish trend. This momentum propelled the crypto to $0.34, a 350% increase from the noted $0.10 entry point.
DOGE : Major Move Just Getting Started Added to Portfolio at 0.10 $ Currently Up by 350% Targets:1⃣ 0.75 $2⃣ 1.5 $3⃣ 2.7 $ Big Picture: Even higher targets are on the horizon!#DOGE $DOGE #Dogecoin pic.twitter.com/YQxPKexyoZ
— @CryptoELlTES (@CryptooELITES) January 3, 2025
Price Targets Based on Technical Analysis
The analysis by @CryptoELlTES highlights several price targets based on Fibonacci extensions and historical resistance levels. The first target is $0.75, which aligns with previous price reactions and signals a potential 120% gain from the current level.
The second target, $1.30–$1.50, marks a psychological barrier where previous highs from 2021 are located. Beyond this range, the $2.00 level corresponds with the 1.618 Fibonacci extension, often considered a pivotal target in bullish markets. Higher speculative targets, including $2.70, suggest additional upside potential if bullish momentum continues.
Read also: Crypto Veteran Predicts XRP Price to Hit $15 in 2025, Updates On New Altcoin Pick
Supporting Indicators Confirm Bullish Momentum
The breakout from the symmetrical triangle was accompanied by an increase in trading volume, reinforcing the bullish narrative.
DOGE’s sustained price action above $0.10 indicates strong investor interest and market strength. Fibonacci levels further validate these projections, providing a roadmap for future movements.
Analyst Projects a 10x Rally
Another analyst, @btcbalo, speculates on DOGE’s potential to rally tenfold, citing minimal resistance above $0.40. The analyst suggests a price surge to $4 could be the fastest and easiest 10x opportunity for DOGE investors.
$DOGEonce we reclaim $0.4 there isn't much of a reason to stop before $4this might be the fastest and easiest 10x we'll ever getdon't fumble pic.twitter.com/o90ZVqDLTd
— ₿ A L O (@btcbalo) January 3, 2025
Both analyses emphasize Dogecoin’s ongoing bullish trend and its potential for higher price targets, contingent on market conditions and sustained momentum.
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The post Expert Predicts These Next Targets for Dogecoin: Can DOGE’s Price Rally 10x? appeared first on CaptainAltcoin.
