A crypto analyst has confirmed that the price of Dogecoin has entered a consolidation zone after experiencing a recent market jump above the $0.3 level. The analyst predicts that Dogecoin is now looking at a new price of 3.4 $, it aims to reach the highest quality in 2025.
Dogecoin Price Stabilizes in Consolidation Zone
According to X (ex-Twitter) crypto analyst Master Kenobi, Dogecoin has officially he entered horizontal integration point. Historically, Dogecoin has followed a certain predictable pattern of growth, price adjustmentmerging stages, and sharp climbs. The analyst revealed that these integration sessions usually last several weeks on average, serving as a launch pad. The next big Dogecoin price rally.
In this latest round, Master Kenobi revealed that Dogecoin has stabilized within the balance consolidation zone after two weeks of correction, indicating that it may be preparing for its next price push. Based on the analyst’s report, i The price of Dogecoin is inclusive cost 0.31 US dollars.
The analyst noted that external factors outside the crypto market could play an important role, which could be the catalyst or the story of Dogecoin’s next exit. Like meme money, The maximum value of the Dogecoin asset it is often influenced by changes in market trends, broader sentiment, increased social interaction, and social media.
Master Kenobi also presents an index chart Bitcoin reduction eventswhich highlights that they have historically driven the growth of the broader crypto market. Based on these observations, the Bitcoin halving, which started in April 2024, could provide a powerful narrative and motivation for Dogecoin to reach its target price after its consolidation phase.
While Master Kenobi highlights the importance of Dogecoin’s historical patterns on current price action, he too. he predicted the meme movement of the future based on his analysis of the chart. The crypto analyst has divided the Dogecoin chart into several colored trendlines, which form a channel of rising prices.
The blue line at the bottom of the trend channel shows the current Dogecoin price level above $0.3. The green line, which acts as a strong resistance point, shows Dogecoin’s 2021 peak around $0.74 and a desirable milestone above $1. Additionally, the yellow and red trend lines serve as the highest resistance level for Dogecoin price.
Bullish Breakout to $3.4
Master Kenobi’s Dogecoin chart identified three key meme coin price targets by 2025. The ATH at $0.74 serves as an important resistance point, which, if Dogecoin is able to pass, could indicate a renewed bullish trend at its next ATH.
If Dogecoin clears $0.74, its next bullish target is set at $1.2, which coincides with the yellow trend line on the chart. With this price tag, the analyst revealed that Dogecoin market price will direct that of XRPwhich reinforces the status of the meme character among the top cryptocurrencies.
Master Kenobi also predicted that Dogecoin may reach the orange trendline at the end of January, which represents target price it is 3.4 US dollars. The analyst revealed that if Dogecoin rises to this ATH, its market capitalization will surpass that of Ethereum, which reaches $411.2 billion. He also admitted that reaching $3.4 was impossible for Dogecoin at this stage of bull market; however, it can be realized later in 2025.
The featured image was created with Dall.E, a chart from Tradingview.com