Crypto analyst DOGECAPITAL has provided an ultra bullish outlook for the Dogecoin price, predicting it could reach as high as $90. The analyst also revealed when the foremost meme coin could reach this price target.
When The Dogecoin Price Could Reach $90
In an X post, DOGECAPITAL predicted that the Dogecoin price could reach $90. He noted that the price target was the highest point of a red area, which he believes the top meme coin could peak at in this market cycle. Interestingly, the analyst’s accompanying chart showed that DOGE could reach this price target by the end of 2025, which he noted.
Based on DOGECAPITAL’s analysis, this parabolic rally to $90 will happen in phase 3 of the meme coin’s bull run when it reaches this parallel red zone. This move will mirror previous cycles when Dogecoin reached its peak before starting a new cycle.
The analyst noted that the bottom of that red zone sits at $26, his minimum target for this cycle. He said that the bottom of this red zone could gradually increase over time due to the slope of the line. Meanwhile, DOGECAPITAL claimed that the timing of DOGE’s approach to this red zone will determine when market participants can expect this cycle’s ultimate peak.
In the meantime, DOGECAPITAL noted that the weekly candle continues to hold the same parallel line level, mirroring its behavior during the 2017 and 2021 bull runs. He predicts that phase 2 of DOGE’s bull run will begin once the bottom is fully confirmed. The accompanying chart showed that the Dogecoin price will surge above $2 during this phase 2 of its bull run.
DOGE Could Soon Hit $3
Crypto analyst Trader Tardigrade recently predicted that the Dogecoin price could hit $3. This came as the analyst revealed that DOGE’s monthly candle had formed a Doji, which was mirroring the same position in the previous cycle.
The analyst remarked that this Doji might kick off a bull run for the DOGE price, similar to the massive spike in 2017 and 2018. His accompanying chart showed that the top meme coin could reach $3 as it records this massive spike.
Meanwhile, crypto analyst Ali Martinez stated that if the Dogecoin price maintains support at the channel’s lower boundary at $0.17, it could trigger a strong rebound toward $2.74.
However, according to a CoinGape market analysis, there is still the possibility of DOGE suffering downward pressure before any potential price rebound. The analysis noted that the Dogecoin price is on the verge of forming a death cross, which may trigger a 42% crash to a five-month low of $0.11.
The post Analyst Confirms Dogecoin Price Can Reach $90, Here’s When appeared first on CoinGape.
