Dogecoin Price Prediction: Analysts Predict a Sharp Rise, Here’s Why!

Jakarta, Pintu News – Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply- seems to be preparing for its next big move, with a familiar price structure appearing on its price chart. According to crypto analysts (basictradingtv), the meme coin is repeating the trend of spherical archetypes and parabolic rallies, which always send its price to record highs.

The current configuration suggests that Dogecoin’s (DOGE) recovery from its March low is not just a temporary bounce, but there is a 100% chance this is the start of a larger parabolic rally.

Familiar Dogecoin Trade Cycle

At the heart of this bullish forecast is the recurrence of a known price pattern, the round bottom. Dogecoin (DOGE) is known to trade in multi-year cycles that begin with a gradual bottom formation, eventually leading to an explosive rally. This pattern, which is visible on the long-term chart, has formed again over the past few months.

This round bottom pattern was seen during the period between the Dogecoin (DOGE) peak in 2021, the bear market in 2022, and the recovery phase at the end of 2024. This recovery brought Dogecoin (DOGE) to a new peak since 2021, which is likely the beginning of the parabolic rally phase.

Also Read: Will Bitcoin (BTC) Break $90,000? Check out the Analysis!

Dogecoin’s activity levels are dropping, is this a bad sign?

After peaking around $0.48 in December 2024, Dogecoin (DOGE) experienced a rejection that caused its price to correct until it reached $0.1477 in early March. However, instead of falling below, this level served as strong support. Since then, the price has rebounded slightly and has recovered to $0.2 at the time of writing.

Analysts predict that the bullish cycle is still intact, with the parabolic leg of the pattern expected to unfold in the near future. This suggests that despite the drop in activity, the larger market structure is still in favor of rising prices.

Monthly Candle Closing Above Support

Currently, the most important move is for Dogecoin (DOGE) to close its monthly candle for March above the key support level set during the last market correction. If this is successful, it will be 100% certain that a bullish parabolic rally will follow. The analyst also pointed out two important levels for Dogecoin (DOGE) in the coming weeks and months: $0.15 and $0.5.

The $0.15 level now acts as a support level that should not be broken. The longer Dogecoin (DOGE) tests this support level, the longer the delay for a parabolic rally. Fortunately, the recovery from that zone has added technical strength to the argument that buyers will enter at that level.

Conclusion

Meanwhile, $0.5 was identified as a key resistance target going forward. Breaking this resistance would confirm the start of a full parabolic rally, similar to the one that sent Dogecoin (DOGE) to its highest peak in 2021. At the time of writing, Dogecoin (DOGE) was trading at $0.2052, up 10.8% in the last 24 hours.

Also Read: Ethereum (ETH) Prepares for the Next Big Move, Will it Rise April 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin Bullish Rally Likely. Accessed on March 28, 2025
• Featured Image: Bitcoin News