$0.28 Is The Next Major Milestone For Dogecoin’s Road To ATH

Crypto analyst Dima Potts has provided insights into the current Dogecoin price action. In his analysis, Potts highlighted the $0.28 price level as being the

Dogecoin price has entered a “boring phase” and is eyeing a breakout from $0.28 en route to reaching a new all-time high, according to crypto analyst Dima Potts.

In a recent analysis, Potts highlighted the significance of the $0.28 price level for DOGE as it anticipates a breakout on its way to setting a new yearly high and eventually reaching its all-time high (ATH).

“$0.28 is the next major milestone for Dogecoin on its road to a new ATH. I expect it to move into the $0.28 range, like in the previous cycle. This range marks the next major milestone for the foremost meme coin.”

Potts further noted that beyond this point, there will be an increase in volatility with the Dogecoin price consolidating before heading towards setting new yearly highs and eventually its ATH.

In the meantime, the analyst pointed out that the $0.25 price level continues to serve as a short-term support level that DOGE's price should follow, just like in 2017 when this pattern emerged.

The analyst had earlier revealed that a similar pattern to the one in the 2017 cycle is emerging for Dogecoin in this cycle. He alluded to this pattern as to why DOGE can rally to as high as $10 in this cycle.

Potts remarked that he believes the meme coin will head towards its all-time highs and then much higher in the coming weeks, mirroring its 2017 performance.

“I expect DOGE to move into the $0.28 range, like in the previous cycle. As such, we can expect this range to be the next major milestone for the foremost meme coin, like in previous cycles where we saw a dull period before an explosive move up.”

Dogecoin Price Struggles To Reclaim $0.28

On the other hand, crypto analyst Kevin Capital recently highlighted the Dogecoin price's struggle to reclaim this $0.28.

This came as he noted that DOGE has failed to get above the macro golden pocket and weekly bull market support band, which is around the $0.28 range. In line with this, he stated that it is time to watch the Bitcoin price even closer to see if the flagship crypto can help the foremost meme coin witness a bullish reversal soon enough.

“$DOGE still needs to reclaim the macro golden pocket / weekly bull market support band at $0.28 on weekly closes. If it does that, then we can feel good again about it attacking the highs and beyond.”

DOGE Price Analysis: What To Expect Now?

In an X post, crypto analyst Trader Tardigrade stated that the Dogecoin price has entered the “boring phase.” In line with this, he told market participants to expect tight consolidation at the current level over the next few weeks before the massive DOGE rally.

His accompanying chart showed that DOGE could rally above $1 when this rally happens.

“Boring phase in $doge. Expect tight consolidation at the current level over the next few weeks before the massive rally (expect when this rally happens, doge will rally to above $1 from there).”

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.