Dogecoin Price Eyes Breakout As $0.28 Emerges As The Next Major Milestone

Crypto analyst Dima Potts has provided insights into the current Dogecoin price action. In his analysis, Potts highlighted the $0.28 price level as being the next major milestone for DOGE as it eyes a breakout on its way to a new all-time high (ATH).

Crypto analyst Dima Potts has highlighted the next major milestone for Dogecoin (CRYPTO: DOGE) on its way to a new all-time high (ATH). Potts revealed that $0.28 would be the next key level for DOGE.

According to Potts, he expects DOGE to move into the $0.28 range, which he noted is where the previous cycle had it. As such, he stated that this range marks the next major milestone for the world’s leading meme coin.

After this point, the analyst expects to see more volatility in the DOGE price, with the meme coin consolidating before making new yearly highs and eventually its ATH.

In the meantime, Potts noted that the $0.25 price level continues to act as a short-term support level that DOGE’s price is following, as was the case in the 2017 cycle when this pattern emerged.

The analyst had previously revealed that a pattern similar to the one in the 2017 cycle is emerging for Dogecoin in this cycle, which is why he believes DOGE can rally as high as $10 this cycle. Potts stated that he expects the meme coin to head towards its all-time highs and then much higher in the coming weeks, like its 2017 performance.

However, crypto analyst Kevin Capital recently highlighted the Dogecoin price’s struggle to reclaim this $0.28 level. This came as he noted that DOGE failed to get above the macro golden pocket and weekly bull market support band, which is around the $0.28 range. According to him, it is time to watch the Bitcoin price even closer to see if the flagship crypto can help the world’s leading meme coin witness a bullish reversal soon enough.

In other news, crypto analyst Trader Tardigrade stated that the Dogecoin price has entered the “boring phase.” In line with this, he told market participants to expect tight consolidation at the current level over the next few weeks before the massive DOGE rally. His accompanying chart showed that DOGE could rally above $1 when this rally happens.

Furthermore, crypto analyst Kevin Capital stated that the Dogecoin price is still in risky waters. He remarked that the meme coin needs to get above the macro golden pocket and weekly bull market support band at $0.30 on weekly closes. According to him, it is only when that happens that market participants can feel good again about DOGE attacking the highs and beyond.

At the time of writing, the Dogecoin price is trading at around $0.25, down 1% in the last 24 hours, according to data from CoinMarketCap.