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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Analyst Predicts Dogecoin Price Is Headed To $3.25, Here’s When

Scott Matherson
Scott Matherson
2 hours ago
3 mins read
Dogecoin

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Crypto analyst Anthony has predicted that the Dogecoin price could rally to $3.25. He also provided a timeline for when the foremost meme coin could reach this price target, which will mark a new all-time high (ATH). 

When The Dogecoin Price Will reach $3.25

In an X post, Anthony stated that the Dogecoin price will reach $3.25 in the next three months. However, the analyst didn’t mention what would serve as the catalyst for this parabolic rally for the foremost meme coin. A potential rally to $3.25 would represent a 1,500% increase from DOGE’s current price.

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Dogecoin

Analyst Predicts Dogecoin Price Is Headed To $3.25, Here’s When

2 hours ago

Meanwhile, this would mark a new all-time high (ATH) for the Dogecoin price, with its current ATH at $0.73. In another X post, Anthony stated that Elon Musk’s Tesla is about to start accepting DOGE and that the meme coin will see a 20x increase from its current price. This indicates that the analyst is banking on this potential move as one of the catalysts for a new ATH for DOGE. 

However, there has been no indication from Elon Musk that Tesla will soon accept DOGE for payments. The world’s richest man has been quiet about the meme coin and hasn’t shilled it since leaving the DOGE agency. Meanwhile, there is also no update on whether Musk’s X payments will enable DOGE payments, which could also be bullish for the Dogecoin price. 

Meanwhile, the potential launch of the Dogecoin ETFs is another catalyst that could spark a significant rally for the Dogecoin price. The SEC is expected to approve these ETFs once the U.S. government shutdown ends. The funds could drive new inflows from institutional investors into the DOGE ecosystem. 

DOGE Preparing For Major Rally

Crypto analyst Ether stated that the Dogecoin price is gathering strength on the uptrend, as it is holding the 25MA support and has successfully completed a falling channel breakout and retest. The analyst added that this pattern remains the same as in the previous two cycles, with DOGE expected to experience an accumulation phase before it records a parabolic rally. 

Dogecoin
Source: Chart from EtherNasyonaL on X

The analyst’s accompanying chart showed that the Dogecoin price could rally to $1.9 during this parabolic phase. In the short term, crypto analyst Crypto Kaleo is expecting the DOGE price to reclaim $0.25. He noted that there is a lot of thin air to fill from the market crash a couple of weeks back. DOGE had crashed from $0.2 back then when Trump first announced the 100% tariffs on China, which sparked a crypto market crash. 

Related Reading: Pattern That Led To Dogecoin Price 36,000% Surge In 2021 Has Emerged Again, Will History Repeat?

At the time of writing, the Dogecoin price is trading at around $0.19, down in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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