Analyst Asserts That Dogecoin Price Could Hit $90, Here’s the Timeline

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Dogecoin Price. Crypto analyst DOGECAPITAL has issued an extremely bullish forecast for Dogecoin, predicting that the price could skyrocket to an astonishing $90. This price target, according to the analyst, represents the peak of a red zone in the price chart, which he believes marks the highest point Dogecoin could reach during this current market cycle. Along with the price target, DOGECAPITAL also shared insights into the timing of when this could occur.

When Will Dogecoin Reach $90?

In a recent post on X, DOGECAPITAL outlined the potential for Dogecoin to hit $90, highlighting that the $90 price level lies within a “red area” that represents the upper limit of the coin’s potential peak. The analyst further emphasized that this price target corresponds to the highest point the meme coin could attain before entering a new cycle. Notably, the analyst’s detailed chart shows that DOGE could reach this $90 mark by the end of 2025, marking a critical milestone in its trajectory.

Based on DOGECAPITAL’s analysis, this massive price surge will unfold during phase 3 of Dogecoin’s bull run. During this phase, the price is expected to rise to the top of the red zone. This parabolic rally will be similar to past cycles when Dogecoin reached its peak before entering a phase of consolidation or price correction. The chart also suggests that the lowest point of this red zone stands at $26, which DOGECAPITAL sees as a minimum price for this cycle. The analyst believes that the lower boundary of the red zone could gradually rise as time progresses, influenced by the slope of the trendline.

However, the exact timing of Dogecoin’s approach to this red zone is crucial, as it will determine when the ultimate peak of the current cycle will occur. The analyst also noted that the weekly candle for Dogecoin continues to align with the same level seen during the 2017 and 2021 bull runs, reinforcing the idea that a similar price trajectory could unfold.

The Bullish Momentum Continues: Phase 2 of the Bull Run

DOGECAPITAL highlighted that the second phase of Dogecoin’s bull run could be imminent. Once the bottom of the price range is confirmed, Dogecoin is expected to surge significantly above $2. This phase would be characterized by a significant upward movement, continuing the momentum from the initial stages of the bull run. According to the analyst’s chart, once phase 2 begins, Dogecoin’s price will experience a notable surge, marking a new chapter in the coin’s market performance.

The $3 Potential

In addition to DOGECAPITAL’s forecast, other analysts are also projecting bullish price targets for Dogecoin. Crypto analyst Trader Tardigrade recently predicted that Dogecoin could soon hit $3. This forecast is based on the formation of a Doji pattern on DOGE’s monthly candle, which mirrors a similar pattern seen during the previous market cycle in 2017 and 2018, when Dogecoin saw a massive price surge. The analyst believes this Doji pattern could act as the catalyst for a new bull run, propelling Dogecoin to the $3 price level.

Strong Rebound Expected with Key Support Levels

Meanwhile, analyst Ali Martinez shared that Dogecoin has strong support at the lower boundary of the channel, around the $0.17 mark. If Dogecoin can maintain this support level, it could trigger a significant rebound, with a potential move toward $2.74. This would represent a powerful recovery for the coin, continuing the positive trend.

However, a recent market analysis by CoinGape noted the possibility of downward pressure on Dogecoin’s price in the short term. The analysis suggested that the coin could be on the verge of forming a death cross, a bearish technical indicator that often signals further price declines. Should this happen, it could trigger a 42% drop, pushing the price down to a five-month low of $0.11 before any potential rebound occurs.

Conclusion

While there are some concerns about short-term volatility, the long-term outlook for Dogecoin remains highly optimistic according to analysts like DOGECAPITAL. With the potential for a massive price surge to $90 by 2025, Dogecoin enthusiasts and investors are watching the market closely for signs of the next bullish wave. However, the path to this lofty price target will be influenced by key market events, technical indicators, and overall sentiment within the crypto space. As the meme coin continues to evolve, it remains to be seen if the bullish projections will come to fruition or if the market will encounter more challenges along the way.