Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Anthony has predicted that the Dogecoin pricecould rally to $3.25. He also provided a timeline for when the foremost meme coin could reach this price target, which will mark a new all-time high (ATH). When The Dogecoin Price Will reach $3.25
In an X post, Anthony stated that the Dogecoin price will reach $3.25 in the next three months. However, the analyst didn’t mention what would serve as the catalyst for this parabolic rally for the foremost meme coin. A potential rally to $3.25 would represent a 1,500% increase from DOGE’s current price. Related Reading Analyst Predicts Dogecoin Price Is Headed To $3.25, Here’s When 4 hours ago
Meanwhile, this would mark a new all-time high (ATH) for the Dogecoin price, with its current ATH at $0.73. In another X post, Anthony stated that Elon Musk’s Teslais about to start accepting DOGE and that the meme coin will see a 20x increase from its current price. This indicates that the analyst is banking on this potential move as one of the catalysts for a new ATH for DOGE.
However, there has been no indication from Elon Musk that Tesla will soon accept DOGE for payments. The world’s richest man has been quiet about the meme coin and hasn’t shilled it since leaving the DOGE agency. Meanwhile, there is also no update on whether Musk’s X paymentswill enable DOGE payments, which could also be bullish for the Dogecoin price.
Meanwhile, the potential launch of the Dogecoin ETFsis another catalyst that could spark a significant rally for the Dogecoin price. The SEC is expected to approve these ETFs once the U.S. government shutdown ends. The funds could drive new inflows from institutional investors into the DOGE ecosystem. DOGE Preparing For Major Rally
Crypto analyst Ether statedthat the Dogecoin price is gathering strength on the uptrend, as it is holding the 25MA support and has successfully completed a falling channel breakout and retest. The analyst added that this pattern remains the same as in the previous two cycles, with DOGE expected to experience an accumulation phase before it records a parabolic rally. Source: Chart from EtherNasyonaL on X
The analyst’s accompanying chart showed that the Dogecoin price could rally to $1.9 during this parabolic phase. In the short term, crypto analyst Crypto Kaleo is expecting the DOGE price to reclaim $0.25. He notedthat there is a lot of thin air to fill from the market crash a couple of weeks back. DOGE had crashed from $0.2 back then when Trump first announcedthe 100% tariffs on China, which sparked a crypto market crash.
Related Reading: Pattern That Led To Dogecoin Price 36,000% Surge In 2021 Has Emerged Again, Will History Repeat?
At the time of writing, the Dogecoin price is trading at around $0.19, down in the last 24 hours, according to datafrom CoinMarketCap. DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT onTradingview.com Featured image from iStock, chart from Tradingview.com