Is Dogecoin About to Skyrocket to $3? Key Indicator Signals a Big Move!
Jakarta, Pintu News – After months of decline, the Dogecoin price may be leaving the bearish trend behind and preparing for a new rally.
According to Coingape, analysts predict that Dogecoin has bottomed out, especially amid speculation about the possible approval of an ETF by the SEC.
Dogecoin Price Poised for a New Rally After Hitting a Low
On-chain analysts say that Dogecoin (DOGE) has the potential for a big price spike thanks to some positive technical indicators.
Read also: Analyst Ali Martinez Predicts Dogecoin Ready to Surge, Stoch RSI Hints at Bullish Breakout!
According to analysts under the pseudonym Trader Tardigrade, Dogecoin is still in a macro channel that suggests it has bottomed out.
The Tardigrade trader revealed that although Dogecoin briefly strayed on the edge of the channel, recent price movements show that the coin is back in the predicted pattern. With a confirmed low, the analyst believes that the only direction for Dogecoin’s price is upwards.
“If DOGE stays within this channel without any deviations this time, then the bottom has already been reached,” said Trader Tardigrade.
Another on-chain analyst, Ali Martinez, agrees with Tardigrade Trader’s prediction and foresees a strong resurgence for Dogecoin.
Early signs of recovery have started to appear, with Dogecoin bouncing off major support levels and traders starting to eye the $3 price.
“There is something big that might be developing for Dogecoin,” Martinez said. “A strong rebound could be imminent in the near future.”
A Surge of Optimism
Citing a Coingape report (3/14/25), a number of experts predict that Dogecoin could experience an increase of up to 318%, with a breakout target of $0.6533 as confirmation of the bullish trend.
Analysts noted a pattern of higher lows on Dogecoin’s chart, while Elliot Wave Theory suggests that the price is in a bullish wave.
Read also: Ripple (XRP) Price Ready to Surge to $3? CME Group Predicts 99% Fed to Hold Interest Rates!
Beyond technical analysis, on-chain data confirmed a 270% jump in the number of active addresses, signaling increased ecosystem activity. Experts also highlighted increased accumulation by whales, which could be a strong signal of a Dogecoin price rally in the near future.
In terms of fundamentals, the approval of the Dogecoin ETF by the SEC has the potential to push the price up hundreds of percent. Currently, the memecoin is trading at $0.1647, with daily trading volume reaching $1.44 billion.
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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. 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. Dogecoin Price Set For Massive Rebound After Indicators Call The Bottom. Accessed on March 14, 2025
