One of the renowned cryptocurrency analysts, Kevin (previously known as OG Yomi), discussed the potential for a massive rally of Dogecoin (DOGE) during the anticipated bull market with an increase of 2,500%. As part of the analysis, he also identified the fundamental price targets that the meme coin could reach in this bull market cycle.

Dogecoin Price Prediction

Kevin, in a post shared on X, predicted that DOGE could exceed the current market conditions by reaching the 1.1618 FIB level at around $3.80. He mentioned that although the price targets seem optimistic, achieving them in the current market environment might be more challenging due to increased market value and saturation of capital.

In addition, Kevin highlighted the importance of a monthly close above $0.16 to confirm Dogecoin's upward trend. He also noted that in previous price movements, Dogecoin had significant price targets at $0.95 and $1.35, even if it does not reach the $3 levels. Other analysts also suggested a price movement towards $1.

The market data showed that Dogecoin (DOGE) was trading at $0.1476, down by 1.35% at the time of writing. Despite being below the analyst's mentioned threshold of $0.16, Dogecoin's market capitalization remained above $21 billion, ranking it 8th in the market. However, the 24-hour trading volume dropped by over 5% to $867 million, indicating a lack of satisfaction among buyers and sellers.

Overall, Kevin's analysis highlighted the potential for a massive rally in Dogecoin's price, but also cautioned the challenges posed by current market conditions and the need to confirm the coin's upward trend with a monthly close above $0.16.