Crypto analyst Lebicahlz has predicted that Dogecoin price will see a major explosion that would lead to this new all-time highs (ATHs). The analyst also mentioned price targets that Dogecoin could achieve if it reaches new highs.
Dogecoin price set to reach new ATHs
In one TradingView postLebicahlz said he believes Dogecoin price is poised to reach new record highs. The analyst warned that growth may not be as strong previous bull runs. However, he added that Dogecoin seems to be a very good coin for 2025 as there is more room for an uptrend.
The analyst’s accompanying chart showed that Dogecoin could rise to as high as $20 by next year. Such a parabolic rally would mean a price increase of around 4,900% from current levels. According to the chart, this price increase could happen sometime between early January 2025 and July.
Crypto analyst Javon Marks also recently expressed similar bullish sentiment for Dogecoin price, stating that historical data shows that Dogecoin price will witness a surge of over 75% to reach a new ATH. Marks predicted that the leading meme coin could rise above $3 and reach $15 at the “top end.”
Crypto analysts like Trader Tardigrade have also previously predicted that the Dogecoin price could hit double digits this market cycle. Trader tardigrade predicted that Dogecoin could reach as high as $30 if it reflects the 2021 bull market. Accordingly, the analyst advised that investors should start locking in profits when Dogecoin hits $10 and may continue to do so if the meme coin rises to $30.
DOGE investors are becoming increasingly impatient
In an X post crypto Analyst Ali Martinez revealed that DOGE investors may be growing increasingly impatient with Dogecoin’s price performance. This came as the analyst announced that market sentiment had turned negative for Dogecoin. Based on this, the analyst noted that traders are becoming impatient during this ongoing price consolidation.
Dogecoin price has continued to consolidate in the $0.4 area for about a month since its parabolic rally between October and November. However, crypto analyst Kevin Capital provided some optimism for those who might be pessimistic at the moment.
He explained that this was a moderate stance Fed outlook for 2025 and the Bank of Japan’s decision not to raise interest rates could wipe out any bearish indicator. In line with this, the analyst noted that now is not the time to over-analyze the charts but instead focus on macroeconomic factors.
At the time of writing, Dogecoin price is around $0.38, down over 4% in the last 24 hours Data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com