Dogecoin Jumps 9% Today (3/3/25) – Analysts Say DOGE Could Hit $10 Soon!

Jakarta, Pintu News – As the crypto market surges, a crypto analyst known as DOGECAPITAL recently made a bold prediction that the price of Dogecoin (DOGE) could reach $10 within this market cycle.

This analysis is based on a comparison between Dogecoin’s (DOGE) current price action and the previous bull cycle, which shows great potential for a significant price increase.

Dogecoin price rises 9.80% in 24 hours

On March 3, 2025, the price of Dogecoin (DOGE) recorded a 9.80% increase in 24 hours, trading at $0.2280, equivalent to 3,753 IDR. DOGE had its highest level at 3,964 IDR and its lowest level at 3,347 IDR.

At the time of writing, Dogecoin’s market cap stands at around $33.7 billion, with trading volume jumping 220% to $3.61 billion within 24 hours.

Read also: Ethereum Spikes 9% to Hit $2,445 Today (3/3/25) – What’s Driving the Rally?

Why Dogecoin Price Could Reach $10 in This Cycle

In a post on X, DOGECAPITAL’s crypto analyst predicts that the Dogecoin (DOGE) price could reach $10 (Rp165,364) this cycle. He referred to the price movement patterns of the previous cycle as the basis for his belief that DOGE could reach this level.

DOGECAPITAL highlights that Dogecoin’s weekly chart shows similar patterns from the previous two cycles. According to his analysis, once every four years, Dogecoin always retests a certain trend line before entering the second phase of its parabolic movement.

In addition, Dogecoin also appears stronger than in previous bull market cycles. By 2024, the DOGE price has increased 3.5 times, compared to 1.5 times in 2016 and 2.5 times in 2020.

DOGECAPITAL adds that this is the reason why the current Dogecoin price correction looks bigger than the previous two cycles. However, based on historical patterns, he predicts that DOGE will stay around $0.20 in the weekly timeframe.

Read also: Bitcoin Surges to $93.000 Again (3/3/25) – Trump’s Influence Sparks Rally!

Once this consolidation phase is complete, the analyst projects that Dogecoin will move towards $1.70, mirroring the pattern that occurred in the previous cycle when DOGE touched the same parallel resistance level.

DOGECAPITAL also asserts that the second phase of the parabolic rise is likely to begin in the coming weeks.

DOGE’s Rally to $1 Could Happen in the Near Future

Tardigrade Trader crypto analysts predict that the Dogecoin (DOGE) price could soon reach $1.

He noted that DOGE’s Relative Strength Index (RSI) has reached a critical level, which could potentially trigger a major rally. According to him, the next target remains at $1, with no changes.

In another post on X, he also revealed that Dogecoin is repeating its historical bullish pattern. In line with this, he assured market participants that there is no reason to be bearish at these levels.

Instead, he advises investors to look at the big picture regarding DOGE’s price movement.

Meanwhile, DOGE whales seem to have anticipated this price rally, by starting to accumulate more coins. Crypto analyst Ali Martinez revealed that in the last 72 hours, whales have bought 530 million DOGE.

Read also: Top 4 Trending Crypto According to Latest Data!

All in all, with in-depth analysis and supporting historical data, the prediction of Dogecoin (DOGE) price reaching $10 is based not only on speculation but also on previously proven price increase patterns.

Investors and crypto market watchers will continue to closely monitor the price movements of Dogecoin (DOGE) to see if this prediction will materialize.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Here’s Why Dogecoin Price Could Hit $10 This Cycle. Accessed on March 3, 2025