Cryptocurrency analyst Trader Tardigrade has predicted the potential rise of Dogecoin price based on its previous bull runs. With DOGE recently becoming the sixth-largest crypto by market cap, there is growing interest in its future price movements.
Trader Tardigrade suggested that Dogecoin could rally to $8.7 by August 2025 if it follows the pattern of its 2016 bull run. Additionally, he mentioned that DOGE might skyrocket to $30 by March 2025 if it replicates its 2021 bull run. The analyst highlighted that the significant gain recorded in the 2021 bull run indicates the potential for even higher growth if the trend continues.
In another analysis, Dima James indicated that Dogecoin is set to rally to $10, citing an inverse head-and-shoulders pattern that has historically led to massive price surges in previous cycles. He pointed out that Dogecoin’s rally after breaking above key resistance levels in 2016 and 2021 resulted in substantial price increases, with potential for similar movements in the future.
Both analysts emphasized the importance of trading volume in driving Dogecoin’s price higher, suggesting that increased market participation could fuel further growth. The charts accompanying their analyses depicted potential price targets ranging from $10 to as high as $36, indicating optimistic outlooks for the meme coin’s future performance.
Overall, the current Dogecoin price is trading around $0.28, showing a 23% increase in the last 24 hours according to CoinMarketCap data. With ongoing bullish sentiment and predictions of significant price gains in the coming years, Dogecoin continues to attract attention as a potential investment opportunity in the volatile cryptocurrency market.
