The Dogecoin price has been at an important level. Alcista Trend Lately, reaching new maximums driven by political events and the feeling of the market. While the most important meme currency navigates the volatile market, a cryptographic analyst projects that Doge could be preparing for a monstrous rebound in the first quarter (Q1) of 2025. The analyst has set a New ATH Objective for DogecoinWaiting for the 1 dollar brand to exceed.
Dogecoin’s price is recovered to the new incoming ATH
On January 22, Trainingshot, a Tars -RiverView cryptographic analyst, declared that Dogecoin is preparing to reach a new ATH of $ 1.6 in the first quarter of 2025. The analyst shared a graph that examines the daily action of the price of the meme currency and highlights the key technical indicators and the patterns that support their bullish forecast.
According to TrainingView expert, the 50 -day mobile average (MA) is an important blue trend line that currently acts as Support level for Dogecoin. He revealed that the meme currency had previously tried to overcome this line of trend; However, a recent setback had made its price return to this support zone.
The analyst said that during The past action of DogecoinBetween September and November 2024, it exceeded the MA50, successfully trying this level of critical support and causing a important price rebound. This important upward trend lasted approximately two months, pushing Doge at the Extension level of Fibonacci 3.0 after it reached a minimum price on August 5, 2024. Based on this employer, the market expert suggests that for a rebound to occur Similar in 2025, buyers must recover the 1-D MA50 as a support level.
The TrainingView analyst graph compares the current price action of Dogecoin with its historical fractals In 2024. In both years, the MEME currency experienced a correction period followed by a background, as seen in the red triangle of the graph.
After playing background, Doge quoted inside a Descending channelwhich acted as a precursor of a break and, ultimately, caused an important bullish rebound. On both occasions, as indicated in the graph, the price of 1 day from Dogecoin Relative Force Index (RSI) The sequence followed a similar bearish trend before exploding and paving the way for the rebound of prices.
Adding to the upward narrative, Dogecoin experienced a Golden Cross in the daily graphic in this cycle. Here, the 50 -day MV crossed above the 200 -day MA, which is historically considered an upward signal.
If the 1D MA 50 of Dogecoin and the price action follow the same path as the historical records, it could be replicated The 2024 bullish reboundpushing it to the projected Fibonacci extension objective of 3.0, corresponding to the price level of $ 1.6.
Doge Bull Flag suggests a higher target price
While other analysts Project an increase to $ 1 For the price of Dogecoin, trader tardigrade predicted In X (previously Twitter) that the popular meme currency is preparing for an increase greater than $ 2. The analyst has identified the emergence of a bull flag Pattern in the 2 -day price chart.
He reveals that this bullish flag pattern measures a value of $ 2. Objective for Dogecoinwhich marks a potential increase of 471% compared to its current market price. At the time of writing this article, Doge is traded at $ 0.35, which reflects a slight fall of 3.1% in the last 24 hours, according to CoinmarketCap.
Unspash’s prominent image, TrainingView.com graphics
