Analyst Says the Worst Is Over For Dogecoin, Predicts Rally To $0.8
Crypto analyst Charting Guy has predicted that the worst could also be over for Dogecoin, with a possible rally to $0.8 on the playing cards. This comes as meme coins like DOGE dominate the crypto market at the begin of this new yr.
Dogecoin Eyes Rally To $0.8 As The Worst May Be Over
In an X post, Charting Guy shared a chart displaying that Dogecoin may rally to as high as $0.8, marking a brand new all-time high for the foremost meme coin. Based on this, he remarked that the worst could also be over if the meme coin was following a chart sample he had mapped out earlier. The analyst had earlier raised the chance of DOGE entering a long-term consolidation, much like XRP, after which breaking out, with a rally to as high as $1.
Charting Guy’s accompanying chart confirmed that Dogecoin may commerce sideways till mid-2028 after which escape to this $0.8 goal, with the chance of even reaching the psychological $1 degree. With the worst being over, the drop to $0.11 final month may mark the backside for the meme coin, particularly seeing because it has regained its bull market structure.
Dogecoin has begun the yr with a rally of virtually of 30% as meme cash lead the present crypto market rally. Thanks to this, DOGE is the high gainer amongst the high 10 cryptos by market cap. The rally has additionally reignited institutional curiosity in the meme coin, with the DOGE ETFs recording vital inflows. SoSoValue data present that these funds recorded internet inflows of $2.30 million on December 2 and $1.60 million yesterday, marking the first time they’ve seen consecutive inflows since December 3, 2025.
How Things Could Play Out For DOGE In The Short Term
In one other X post, Charting Guy shared a chart highlighting his lower-timeframe hypothesis for Dogecoin. The chart confirmed that DOGE may maintain this rally and attain $0.2 at the begin of February. Once that occurs, the meme coin could experience a pointy pullback, dropping to as little as $0.12 in March, which may mark the backside. Dogecoin will then see one other impulsive transfer to the upside, breaking above $0.2 this time round and probably reaching $0.22.
Crypto analyst Javon Marks provided a extra bullish outlook for Dogecoin, stating that the subsequent seemingly modest targets are $0.6533 and $1.25111. However, he added that altcoin seasons have proven that DOGE can have upside potential past the creativeness of many individuals, and his accompanying chart indicated {that a} rally to $11 was doable.
At the time of writing, the Dogecoin value is buying and selling at round $0.15, up in the final 24 hours, in line with data from CoinMarketCap.
