Crypto analyst KrissPax brought the community’s attention to an uptrend that has formed for the price of Dogecoin. On a related note, the analyst predicts that Dogecoin could soon see a double-digit price rise.
Dogecoin Price Eyes Double-Digit Rise
In a MessageKrissPax predicted that the price of Dogecoin could soon see a double-digit rise. This came as he revealed that Dogecoin was out of a 2-week time frame. falling corner. He added that after a retracement, DOGE could see a bullish reversal as it climbs back above $0.40.
This $0.40 price level is significant as Dogecoin price provided crucial support around this range when it recorded the first phase of his bull run. As such, a rally above $0.40 could pave the way for the leading coin to begin the next leg of its bull run. A run to its current all-time high (ATH) of $0.74 could be on the cards for Dogecoin and then a rally to the much-anticipated $1 level.
In another post KrissPax provided further optimism that Dogecoin price is ready for a bullish reversal. He said Dogecoin just completed a retest of an ascending resistance line as support and is already up 6% in 2025. He added that further upside is expected. The attached chart shows that a rally to $2 was expected.
Crypto Whales also seems to expect a rebound in the price of Dogecoin. Bitcoinist reported that Dogecoin saw a 41% increase significant transactionswith 23.35 billion dollars exchanged in 24 hours. This surge suggests an accumulation trend among these DOGE Whales. This is also optimistic for the leading coin, as these investors could contribute to the price recovery.
A major pump could happen this week
Crypto analyst Master Kenobi predicted that the price of Dogecoin could see a significant rise this week. He noted that a cycle ago, there was no indication of the massive pump on DOGE that occurred 258 days after the Bitcoin halving. The crypto analyst predicts that DOGE should reach at least $1.2 this week if history repeats itself.
He added that Dogecoin price could even reach $3.4 in an “ultra-optimistic” scenario. Crypto analyst Dima James also recently provided a bullish outlook for Dogecoin. He predicted that the top meme coin could cross the $11 mark before the end of this year. Based on historical trends, the analyst even raised the possibility of the meme coin reaching $23 or even $36.
At the time of writing, Dogecoin price is trading at around $0.34, up more than 3% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com