Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First

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Crypto analyst Swallow has predictedthat the Dogecoin price could soon rally to $0.48. The analyst also revealed what needs to happen first before the foremost meme coin can enjoy this bullish reversal.  Dogecoin Price To Reach $0.48 But This Must Happen

In a TradingView post, Swallow predicted that the Dogecoin price could rally to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), where a rejection is likely to happen. The analyst added that there needs to be more confirmations for this rally to be $0.48. Related Reading Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For 1 day ago Source: TradingView

In line with this, Swallow remarked that the Dogecoin price needs to see a weakening near that EMA zonebefore going for a downward movement. He explained that any signs of volume building up at that range could lead to a further move toward the $0.40 and $0.48 targets. 

Crypto analyst KrissPaxalso recently provided a bullish outlook for the Dogecoin price, predicting that a rebound was imminent. He stated that Dogecoin has broken out of a 2-week descending wedge. The crypto analyst added that after a retracement, the foremost meme coin could rally back over $0.40. 

In another X post, KrissPax revealed that the Dogecoin price just finished a retest on an upward-sloping resistance line as support and is already up 6% in this new year. He added that a continuation higher is expected. Based on the chart analysis, DOGE could rally to as high as $2, marking a new all-time high (ATH)for the foremost meme coin. 

The Dogecoin price could still rally to double digits in this market cycle based on predictions by several crypto analysts. One of these analysts is Dima James, who recently predicted that Dogecoin could cross $11 before this year ends.  2025 Is A Bullish Year For DOGE

In a recent X post, crypto analyst Trader Tardigradealso provided a bullish outlook for the Dogecoin price. He stated that 2025 is a bullish year for the foremost meme coin. The crypto analyst added that the upper resistance line indicates the DOGE top in this market cycle could be $3.63.  Related Reading XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details 1 day ago Source: TradingView

The crypto analyst had before now predicted that the Dogecoin price could reach double digits. The analyst stated that DOGE could reach $30 by March this year if the meme coin mirrors its 2021 bull run. 

Meanwhile, crypto analyst Master Kenobialso shared a prediction similar to Trader Tardigrade’s, predicting that DOGE could reach $3.4 in an “ultra-optimistic” scenario. The analyst is more confident that the foremost meme coin could at least surpass the psychological $1 level and reach $1.2.

At the time of writing, the Dogecoin price is trading at around $0.33, up in the last 24 hours, according to datafrom CoinMarketCap.  DOGE bulls reclaim control | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com