Dogecoin To $1.35? Analyst Predicts Milestone ‘Within 70 Days’

Christian Encila

4 months ago

3 mins read

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Analysts predict a large price gain for Dogecoin (DOGE) in the upcoming months, putting the meme coin back in the spotlight. Some analysts believe DOGE will reach $1.35 by mid-April, a significant rise from its current price of about $0.27, as the cryptocurrency market recovers. The popular meme crypto will rise by about 400% and reach new heights if this prediction comes to fruition.

Market Vigor Feeds DOGE Optimism

As Bitcoin leads the push above $57,000, the broader market for cryptocurrencies has been heating up. Historically, meme cryptos like Dogecoin have benefited from Bitcoin’s ascent; typically matching its speed with steady but notable increases.

Given the daily transactions of about $1.5 billion, the recent increase in DOGE trading volume points to significant investor demand. This increase in activity is evidence of traders preparing for a major breakout.

Past Patterns Point To A Bullish Cycle

Following the halving events of Bitcoin, Dogecoin has a history of dramatically climbing during bull markets. Celebrity sponsorships and social media buzz drove DOGE from $0.05 to $0.74 in a few months in 2021. Though the current cycle may not follow that same path, past numbers indicate that, in favorable market conditions, the meme coin has the capacity to recover rather dramatically.

DOGE is currently trading at $0.26. Chart: TradingView

Cryptocurrency analyst Master Kenobi predicts that Dogecoin might reach $1.35 “within 70 days” from the February 3rd lows. This forecast is in line with mid-April, a crucial time frame that falls one year after the Bitcoin halving event.

The cryptocurrency market had a significant upswing during the previous halving cycle, and this might happen again, pushing Dogecoin to a market valuation of almost $200 billion.

💡 #DOGE to $1.35 within 70 days from the February 3rd lows, if it follows the timing of the last cycle.
This aligns with mid-April. Do you remember? Exactly one year since the Bitcoin halving, just like it happened in the last cycle.
This means a market capitalization of… https://t.co/BOGD9AbFlK pic.twitter.com/DuOf9rLhNx

— Master Kenobi (@btc_MasterPlan) February 15, 2025

Important Levels Of Support, Resistance To Monitor

Before DOGE can hit $1.35, it needs to get past some strong resistance. Analysts see $0.30 and $0.45 as important levels to check before a big move toward $1. The support level at $0.20 is still strong on the downside, and it serves as a safety net in case there is a short drop. A steady rise to $1.35 could happen if people keep buying at these prices.

Weigh The Hype Carefully

Even though people are optimistic, buyers should be careful. The cryptocurrency market is still very unstable. Dogecoin has a strong community behind it, but it still lacks fundamental utility compared to other big cryptocurrencies.

Since speculation still influences its price, abrupt declines are always a possibility. For those hoping to profit from the possible rally, risk management is crucial.

Everyone will be keeping an eye on Dogecoin as April approaches to see if it can surprise them all once more. Regardless of whether DOGE reaches $1.35 or not, the future seems bright for both traders and holders.

Featured image from Pexels, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.