The price of the Dogecoin was on a major tendency Recently, the realization of new heights driven by political events and the feeling of the market. While the best part of memes sails on the volatile market, a cryptographic analyst projects that Doge could prepare for a rally of monsters in the first quarter (Q1) of 2025. The analyst established a New ATH target for Dogecoinexpecting that $ 1.
Dogecoin price gathering in entering new ATH
On January 22, TradingShot, a Crypto analyst on TardingView, said that Dogecoin is Prepare to reach a new ATH From $ 1.6 to T1 2025. The analyst shared a graphus examining daily the action of the part of the part and highlighting the indicators and key technical models supporting his optimistic forecasts.
According to the expert tradingview, the 1 -day mobile average (MA) is an important blue trend line currently acting as a Level of support for Dogecoin. He revealed that the memes play had already tried to break above this trend line; However, a recent decline had postponed its price to this support area.
The analyst noted that during Action of past prices of DogecoinBetween September major price rally. This important optimistic trend lasted about two months, pushing Doge to the extension of 3.0 fibonacci after reaching a price price on August 5, 2024. Based on this model, the market expert suggests that for a Similar rally in 2025, buyers must recover the 1-D MA50 as a level of support.
The graph of the TradingView analyst compares Dogine’s current action with his historic fractal In 2024. During the two years, the meme piece experienced a correction period followed by a background, as seen in the red triangle in the graph.
After the bottom, Doge exchanged in a Descending channelWho acted as a precursor of a break, finally triggering a major bullish rally. On both occasions, as indicated on the graph, the 1 day of Dogecoin Relative force index (RSI) The sequence followed a similar decrease trend before going out and paving the way for price rally.
Adding to the Haussier story, Dogecoin has experienced a Golden cross On the daily table earlier in this cycle. Here, the 50 -day MV has gone through the 200 -day MA, which is historically considered a Haussier signal.
If the 1D MA 50 of Dogecoin and the action of the prices follow the same path as the historical recordings, this could reproduce 2024 bull rallyPushing it towards the projected fibonacci extension target, corresponding to the price level of $ 1.6.
Doge Bull Flag suggests a higher price goal
While other analysts Project overvoltage at $ 1 For the Dogecoin price, late late foreseen On X (formerly Twitter) that the popular piece of memes is preparing for a higher increase at $ 2. The analyst identified the emergence of a bull flag Model on the 2 -day DOGE price table.
He reveals that this Taurus flag model measures $ 2 Target for Dogecoinmarking a potential increase of 471% compared to its current market price. During the editorial staff, DOGE is negotiated at $ 0.35, reflecting a slight decrease of 3.1% in the last 24 hours, according to CoinmarketCap.
Felash star image, tradingView.com graphic