Dogecoin (DOGE) is rapidly approaching a new all-time high. Experts foresee a price move to $0.8 driven by rising investor interest and significant accumulation by large holders.
Analyst TradingShot’s Prediction
Renowned crypto analyst TradingShot highlighted in a TradingView post that DOGE has broken above the Lower Highs trend line formed since January 18. The analyst's chart indicates that Dogecoin is moving upward within a 1-year 'Channel Up' pattern, potentially reaching a new all-time high of $0.8. TradingShot also noted that DOGE’s 1-day Moving Average (MA50) at $0.3 is a natural resistance level, yet the upward trending 1-day Relative Strength Index (RSI) and DOGE’s rebound suggest the new bullish leg has already commenced.
Whales Accumulate Over 200M DOGE
Whale activity further boosts Dogecoin’s bullish sentiment. According to crypto analyst Ali Martinez, major DOGE holders have acquired over 200 million coins in the past two weeks. This accumulation trend often precedes price surges, indicating strong confidence in the meme coin's future performance.
Cycle 3 Predictions: Could DOGE Hit $1?
Crypto analyst Trader Tardigrade noted DOGE is finalizing the last stage of its third price cycle, predicting a potential price surge to $6 in the next phase. Furthermore, DOGE’s Moving Average Convergence Divergence (MACD) indicator is breaking out of a consolidation triangle, typically triggering explosive rallies. Another notable analyst, Master Kenobi, forecasts Dogecoin could reach $1.1 by June, driven by its parabolic growth during bull cycles.
Dogecoin has captured significant attention from investors and analysts. Expectations of a new all-time high, increased whale activity, and sustained growth amidst current market conditions make DOGE one of the most discussed assets in the crypto market.
