Analyst Olivier indicated that the price of Dogecoin could be just a few weeks away from the new one all time high (ATH). The analyst also revealed what must happen between now and then for the meme coin to surpass its current ATH of $0.73.
Dogecoin Price Could Hit New ATH If This Happens
In X’s post, Olivier said that Dogecoin’s price will be a few weeks away from the new ATH when it’s there. today we are at 0.23 $. The chart accompanying the analyst showed that the leading meme will meet the short-term ATH at $1.6. Once that is done, the chart shows that Dogecoin will rally to $3.7.
However, based on Olivier’s chart, this $3.7 target will not mark the high price of Dogecoin as the meme coin may still rise to $32. The analyst predicts i Dogecoin rally this $32 price target will happen sometime in May 2025. Interestingly, this ultra-bullish forecast comes just after crypto analyst Ali Martinez predicted that the leading meme coin could rise It is estimated at 23 US dollars in this market cycle.
Martinez suggested that the richest man in the world, Elon Muskhe can influence this Dogecoin price rally as he is now influenced by the election of the US president Donald Trump. Musk has already proposed a Department of Government Operations (DOGE) under the Trump administration, which is expected to draw an additional DOGE.
In his latest DOGE analysisMartinez also provided an update on Dogecoin’s price action. He said that Dogecoin is currently consolidating within a descending triangle in the lower time frames. The analyst added that a break above the $0.198 resistance could trigger a 10% rally to $0.220.
DOGE Bull Rally On
In a recent post by X, a crypto analyst Trader Tardigrade he also confirmed that the Dogecoin price bull rally has already begun. He explained that in Gaussian channel analysis, DOGE follows this pattern. First, it tries to leave the station but fails, it returns to the station, supported by the middle group. Dogecoin makes another attempt and finally breaks out of the channel, leading to the start of a bull rally.
Trader Tardigrade has confirmed that the price of Dogecoin has left the channel and has started bull rally. The accompanying chart from the analyst showed that Dogecoin could rise to at least $6 in this market cycle. He also suggested that the $10 target is possible while revealing that the price of Dogecoin had doubled a a falling wedge pattern from 2021. Crypto analyst Dima James also predicted that DOGE could reach $10 in this bull run.
At the time of writing, the price of Dogecoin is trading around $0.19, the highest in the last 24 hours, according to the report. the data from CoinMarketCap.
The featured image was created with Dall.E, a chart from Tradingview.com
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