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bitcoin
Bitcoin (BTC) $ 96,000.72
ethereum
Ethereum (ETH) $ 2,684.92
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 705.86
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.44
binance-usd
BUSD (BUSD) $ 0.987586
dogecoin
Dogecoin (DOGE) $ 0.257943
cardano
Cardano (ADA) $ 0.773751
solana
Solana (SOL) $ 193.41
matic-network
Polygon (MATIC) $ 0.318681
polkadot
Polkadot (DOT) $ 5.09
tron
TRON (TRX) $ 0.238891

Dogecoin Price Prepares For Monster Rally In Q1, Here’s The ATH Target

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The Dogecoin value has been on a significant bullish pattern recently, attaining new highs pushed by political occasions and market sentiment. As the highest meme coin navigates the risky market, a crypto analyst tasks that DOGE might be gearing up for a monster rally within the first quarter (Q1) of 2025. The analyst has set a new ATH goal for Dogecoin, anticipating it to surge previous the $1 mark. 

Dogecoin Worth Rally To New ATH Incoming

On January 22, TradingShot, a crypto analyst on TardingView, declared that Dogecoin is getting ready to succeed in a brand new ATH of $1.6 in Q1 2025. The analyst shared a chart inspecting the meme coin value motion each day and highlighting key technical indicators and patterns supporting his bullish forecast.

Based on the TradingView professional, the 1-Day 50 Shifting Common (MA) is a vital blue pattern line at the moment performing as a assist stage for Dogecoin. He disclosed that the meme coin had beforehand tried to interrupt above this pattern line; nonetheless, a current pullback had pushed its value again to this assist zone. 

The analyst famous that in Dogecoin’s previous value motion, between September and November 2024, it broke above the MA50, efficiently retesting this important assist stage and triggering a main value rally. This important bullish pattern lasted about two months, pushing DOGE to the three.0 Fibonacci extension stage after it hit a value backside on August 5, 2024. Primarily based on this sample, the market professional means that for the same rally to happen in 2025, consumers should reclaim the 1-D MA50 as a assist stage.

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Dogecoin
DOGE’s path to a brand new all-time excessive | Supply: TradingShot on Tradingview

The TradingView analyst’s chart compares Dogecoin’s present value motion with its historic fractals in 2024. In each years, the meme coin skilled a interval of correction adopted by a backside, as seen within the pink triangle within the chart. 

After bottoming out, DOGE traded inside a Descending Channel, which acted as a precursor to a breakout, finally sparking a significant bullish rally. On each events, as indicated on the chart, Dogecoin’s 1-Day Relative Power Index (RSI) sequence adopted an analogous downtrend earlier than breaking out and paving the way in which for the worth rally. 

Including to the bullish narrative, Dogecoin skilled a Golden Cross on the each day chart earlier on this cycle. Right here, the 50-day MV crossed above the 200-day MA, which is traditionally seen as a bullish sign. 

If Dogecoin’s 1D MA 50 and value motion observe the identical path as historic data, it may replicate 2024’s bull rally, pushing it to the projected 3.0 Fibonacci extension goal, corresponding with the $1.6 value stage. 

DOGE Bull Flag Suggests Greater Worth Goal

Whereas different analysts mission a surge to $1 for the Dogecoin value, Dealer Tardigrade forecasted on X (previously Twitter) that the favored meme coin is getting ready for a better rise to $2. The analyst has recognized the emergence of a bull flag sample on the DOGE 2-day value chart.

He reveals that this bull flag sample measures a $2 goal for Dogecoin, marking a possible 471% improve from its present market value. As of writing, DOGE is buying and selling at $0.35, reflecting a slight 3.1% decline prior to now 24 hours, based on CoinMarketCap.

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Dogecoin
DOGE buying and selling at $0.34 on the 1D chart | Supply: DOGEUSDT on Tradingview.com

Featured picture from Unsplash, chart from Tradingview.com

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