Analyst Predicts Dogecoin Price Could Reach $0.48, Pending Key Event

Crypto expert Swallow has forecasted that the value of Dogecoin could soon surge to $0.48. The analyst also outlined the key steps that need to occur for this significant growth to materialize.

Crypto expert Swallow has forecasted that the value of Dogecoin (CRYPTO: DOGE) could soon surge to $0.48.

The analyst outlined the key steps that need to occur for this significant growth to materialize.

In a TradingView analysis, Swallow projected a potential rally for Dogecoin up to $0.48. He highlighted that Dogecoin is currently retesting the previously broken Exponential Moving Averages (EMAs), with a possible rejection on the horizon.

The analyst emphasized the necessity for further confirmations to support the projected $0.48 rally. According to Swallow, Dogecoin’s price must exhibit signs of weakening within the EMA zone before a downward movement. He indicated that any increase in trading volume in that range could pave the way for reaching targets at $0.40 and $0.48.

Another cryptocurrency analyst, KrissPax, also offered an optimistic perspective on Dogecoin’s price trajectory, foreseeing an impending rebound.

Kriss highlighted that Dogecoin recently broke out of a descending wedge pattern, suggesting a potential surge back above $0.40 for the popular meme coin.

In a separate analysis, Kriss noted that Dogecoin completed a successful retest on an upward-sloping resistance line, experiencing a 6% increase in the new year.

The analyst predicted a continued upward movement, with the possibility of Dogecoin reaching as high as $2, marking a new all-time high (ATH) for the meme-centered cryptocurrency.

Several industry experts anticipate that Dogecoin could achieve double-digit values in the current market cycle. Dima James, for instance, recently projected a potential for Dogecoin to surpass $11 by the end of the year.

2025 appears to hold bullish prospects for Dogecoin, as cited by cryptocurrency analyst Trader Tardigrade. The analyst identified a bullish trend for the meme coin, with an upper resistance line suggesting a possible peak at $3.63 within the current market cycle.

Trader Tardigrade had previously forecasted the potential for Dogecoin to reach double-digit values, suggesting a target of $30 by March if the cryptocurrency follows a similar trajectory to its 2021 bull run.

In alignment with Trader Tardigrade’s outlook, Master Kenobi also expressed confidence in Dogecoin’s price potential, suggesting a reach of $3.4 in an “ultra-optimistic” scenario. The analyst emphasized the likelihood of Dogecoin surpassing the $1 milestone and potentially reaching $1.2.

Currently, Dogecoin is trading around $0.33, reflecting an increase in value over the last 24 hours based on data from CoinMarketCap. The market remains dynamic, with various analysts offering differing perspectives on the future price movements of Dogecoin.