Analyst Olivier has indicated that the Dogecoin price could be just a few weeks away from a new one all-time high (ATH). The analyst further revealed what needs to happen between now and then for the meme coin to surpass its current ATH of $0.73.
Dogecoin price could reach new ATH if this happens
In an X post, Olivier mentioned that the Dogecoin price will be just a few weeks away from a new ATH once it breaks above $0.23. The analyst’s accompanying chart showed that the main meme would rise to a temporary ATH of $1.6. Once that happens, the chart indicates that Dogecoin will continue to rise to $3.7.
However, based on Olivier’s chart, this $3.7 target will not mark the top for the Dogecoin price as the meme coin is still likely to rise to $32. The analyst predicts the Dogecoin rally This $32 price target will occur sometime in May 2025. Interestingly enough, this ultra-bullish prediction comes just after crypto analyst Ali Martinez predicted that the top meme coin could rise to as high as $23 in this market cycle.
Martinez suggested that the richest man in the world, Elon Muskcould contribute to this Dogecoin price rally as he now influences US President-elect Donald Trump. Musk has already proposed the Department of Government Efficiency (DOGE) under the Trump administration, which is expected to attract more DOGE.
In his most recent DOGE analysisMartinez also gave an update on Dogecoin’s price action. He said that Dogecoin is currently consolidating within a descending triangle on the lower time frames. The analyst added that a break above the resistance at $0.198 could trigger a 10% rally to $0.220.
The DOGE Bull rally has begun
In a recent X post, crypto analyst Trader Tardigrade reaffirmed that the Dogecoin price increase has already begun. He explained that DOGE in Gaussian channel analysis follows this pattern. First it tries to leave the channel, but fails and returns to the channel, supported by the midband. Dogecoin makes another attempt and then eventually exits the channel, leading to the start of the bull rally.
Trader Tardigrade confirmed that Dogecoin price has left the channel and started trading bull meeting. The analyst’s accompanying chart showed that Dogecoin could rise to at least $6 in this market cycle. He also recently suggested that a $10 target was possible, while revealing that the Dogecoin price had rebounded falling wedge pattern starting in 2021. Crypto analyst Dima James has also predicted that DOGE could reach $10 in this bull run.
At the time of writing, the Dogecoin price is trading around $0.19, up in the past 24 hours, according to facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com