Crypto analyst EtherNasyonaL has predicted that the Dogecoin price is well-primed for a parabolic rally. This came as he alluded to the meme coin’s historical performance, while declaring it was “parabolic coded.” Dogecoin Price Eyes Rally To $1 As Analyst Says Meme Coin Is ‘Parabolic Coded’ In an X post, EtherNasyonaL predicted that the Dogecoin price could rally to the psychological $1 level, hinting that the meme coin was well-positioned for a parabolic rally. The analyst highlighted DOGE’s historical performance in the fourth quarter of 2023 and 2024, when it recorded gains of 246% and 373%, respectively. Based on this, he raised the possibility that the meme coin could also witness significant gains in this fourth quarter. Related Reading: Dogecoin Dominance Eyes Drastic Rise Amid Rally — What This Means For Price EtherNasyonaL advised market participants to position themselves as the Dogecoin price eyes this parabolic rally to $1, which will mark a new all-time high (ATH) for the meme coin. In another X post, the crypto analyst again doubled down on his bullish forecast for the meme coin. He stated that the DOGE cycle 3 continues and is heading towards parabolic waves once again. EtherNasyonaL noted that in the first cycle, the Dogecoin price rose by 21,825%, while in the second cycle, the meme coin rose by 54,890%. He further remarked that DOGE is up 800% in this third cycle from its borrow to the December 2024 peak of around $0.48. The analyst added that Dogecoin has made massive jumps after every bottom in the past, suggesting that this time will not be different. EtherNasyonaL claimed that the chart suggests that the Dogecoin price may be on the verge of another major move. His accompanying chart showed that DOGE could rally above $1.5 on this next leg to the upside. ‘Conservative’ Target Of $11 For DOGE Crypto analyst Dima Potts predicted that the Dogecoin price could gain 37x from its start price this year of $0.31, reaching $11.71 by the end of the year. He described this as his conservative target, as he was avoiding projecting a 283x move, which will follow the pattern of the 83x and 183x gains the meme coin recorded in the first and second cycles, respectively. Related Reading: Crypto Analyst Predicts What Dogecoin Investors Should Expect Price-Wise This Month However, Dima Potts suggested that the Dogecoin price may be mirroring its historical price action. He revealed that DOGE is once again approaching the yellow resistance line, currently around $0.41 on the weekly timeframe. The analyst added that if the meme coin closes above this level, history suggests it could be on the verge of another massive rally, similar to the parabolic moves in past cycles. At the time of writing, the Dogecoin price is trading at around $0.25, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest before a potential move to the upside. In line with this, he revealed price levels to watch for as DOGE eyes a bullish breakout. Levels To Watch For As Dogecoin Price Confirms Final Retest In a TradingView post, Basic Trading highlighted $0.2, $0.5, and $5 as the levels to watch out for as the Dogecoin price confirms a final retest. This came as the analyst noted that market participants are about to witness a textbook ‘break and retest’ for Dogecoin. Alluding to the monthly chart, the analyst said that DOGE is obviously in an upward trend despite recent corrections. Related Reading: Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say Basic Trading also remarked that the Dogecoin price has seen the expected correction of about 50% following its textbook retest of the previous all-time high about three months ago. The analyst is confident that the foremost meme coin is about to confirm the bullish break and retest, which would eventually lead to a parabolic rally and new highs. He predicts that DOGE will witness significant buy pressure, pushing the Dogecoin price to its current local high of around $0.5. This potential breakout would pave the way for a rally to a new ATH. Basic Trading believes that the foremost meme coin can rally to as high as $5 because of its performance in previous cycles. The analyst noted that the Dogecoin price enjoyed an 8,000% gain in the 2017 bull cycle and a 50,000% in the 2021 cycle. As such, he believes the $5 price level is a conservative target for DOGE in this bull run. Crypto analyst Dima Potts also recently predicted that Dogecoin could reach $10 in this cycle as it is mirroring a similar pattern from the 2017 bull cycle. $3 Remains A Strong Possibility For DOGE In an X post, crypto analyst Ali Martinez revealed how the Dogecoin price could rally to as high as $3 in this market cycle. He noted that the most critical support zone for DOGE is between $0.19 and $0.16. According to him, if this level holds, the $3 target remains a strong possibility for the foremost meme coin. Related Reading: Dogecoin Price Knocks Off Second Major Correction, When Will The Recovery To $1 Resume? Crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. In an X post, he stated that DOGE’s macro chart is showing a similar price pattern. The analyst remarked that if it mirrors the 2017 moves, DOGE could soon experience another massive surge. His accompanying chart showed that the meme coin could reach $1.7 when this massive surge happens. At the time of writing, the Dogecoin price is trading at around $0.25, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com