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Cryptocurrency News Articles

Dogecoin Price Eyes Double-Digit Surge This Week, Analysts Predict a Rally to $1 or Even $36

Jan 04, 2025 at 12:00 pm

Crypto analyst KrissPax has drawn the community's attention to a bullish pattern that has formed for the Dogecoin price.

Dogecoin Price Eyes Double-Digit Surge This Week, Analysts Predict a Rally to $1 or Even $36

Crypto analyst KrissPax has highlighted a bullish pattern that could lead to a double-digit price increase for Dogecoin.

After breaking out of a 2-week descending wedge, the analyst predicts a retracement followed by a bullish reversal as DOGE rallies back above $0.40.

This price level marks the first phase of Dogecoin's bull run, with a potential rally to its all-time high ($0.74) and eventually the anticipated $1 level.

In another post, KrissPax notes that Dogecoin has completed a re-test on an upward-sloping resistance line, indicating a 6% gain in 2025 with an anticipated continuation higher.

The chart suggests a potential rally to as high as $2.

Crypto Whales are also anticipating a rebound for Dogecoin, with a 41% surge in large transactions (>$23 billion) being reported by Bitcoinist.

This surge indicates an accumulation trend among DOGE Whales, which could contribute to the price recovery.

Crypto analyst Master Kenobi predicts a major pump for Dogecoin this week, highlighting the lack of indicators for the massive price surge that occurred 258 days after the Bitcoin Halving.

If history repeats, the analyst anticipates Dogecoin to reach at least $1.2 this week, with an “ultra-optimistic” scenario suggesting a price of $3.4.

Another crypto analyst, Dima James, has provided a bullish outlook for Dogecoin, predicting that it could cross the $11 mark by the end of the year.

Based on historical trends, the analyst suggests a possibility of the meme coin reaching as high as $23 or even $36.

At the time of writing, Dogecoin is trading at around $0.34, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Original source:bitcoinist

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