Emily Walker
According to crypto analyst Lebicahlz, the price of Dogecoin is expected to explode, potentially reaching new all-time highs (ATHs). He also outlined specific price targets that Dogecoin could achieve as it rises.
Forecast for Dogecoin’s New ATHs
In a recent post on TradingView, Lebicahlz expressed confidence that Dogecoin is poised for significant price growth. However, he cautioned that the uptrend might not surpass that of previous bull markets. Still, he believes that Dogecoin has strong potential for 2025, indicating more upward movement is likely.
Lebicahlz’s analysis suggests that Dogecoin might soar to $20 by next year, signifying an approximate 4,900% increase from its current price. This anticipated price surge could occur between early January 2025 and July.
Similarly, crypto analyst Javon Marks shared an optimistic outlook on Dogecoin’s price, suggesting that based on historical trends, it could surge over 75% to achieve a new ATH. Marks speculated that the popular meme coin could surpass $3, with possibilities of reaching $15 on the higher end.
Other analysts, like Trader Tardigrade, have indicated that Dogecoin has the potential to reach double digits in this market cycle, even hinting at a potential $30 mark if it replicates the 2021 bull run. Trader Tardigrade has advised investors to start taking profits as Dogecoin approaches $10 and to consider further profit-taking as it reaches $30.
Frustration Among DOGE Investors
On social media platform X, analyst Ali Martinez highlighted growing impatience among DOGE investors, particularly as market sentiment seems to have turned negative. This sentiment shift has led to heightened frustration during this period of price consolidation.
Dogecoin has been largely stuck around the $0.4 level for about a month following its rapid rise in October and November. Meanwhile, analyst Kevin Capital provided some glimmers of hope for those currently feeling bearish.
He noted that a favorable Federal Reserve outlook for 2025 and the Bank of Japan’s choice to maintain interest rates could negate bearish signals. Instead of digging deeply into charts, he advised focusing on broader economic trends.
As of the latest data, Dogecoin is trading at approximately $0.38, having declined over 4% within the last 24 hours, following information from CoinMarketCap.