Past Performance Says Dogecoin Price Will Fall To $0.32 And Then Rocket 60% To $0.52, Here’s Why

Cryptocurrency analyst Bartfil provided insight into what’s next for Dogecoin price based on this Past offers. Based on his analysis, Dogecoin may see a significant price correction before continuing its upward trend.

Where does Dogecoin price go next?

In a TradingView ShareBartfel compared the current Dogecoin price situation to the price action during the previous bull market. This led the analyst to expect Dogecoin to fall to around $0.32 to $0.34. DOGE could then see a strong rally, the analyst added About $0.52 To $0.53.

The price range for Dogecoin is 68.8 Fibonacci level Of the global swing from the peak of the previous bull market to the trough. Once the price of Dogecoin reaches its peak, Bartfil predicts that the first meme could see a significant decline to around $0.25. The accompanying analyst chart suggests that Dogecoin could peak between now and March 2025 and then record that price decline to $0.25 in the second quarter of next year.

Cryptographic analyzer As the Tardigrade merchant predicted The price of Dogecoin could peak by March 2025 if it reflects the uptrend of 2021. However, the analyst offered a more optimistic outlook for Dogecoin, noting that DOGE could reach $30 by then. Meanwhile, the analyst predicted that the meme coin could reach $8 by August 2025 if it reverses the 2017 uptrend.

Meanwhile, Dogecoin price is at risk of falling to $0.32 based on Bartfil’s analysis. Cryptocurrency analyst Kevin Capital also recently warned that Dogecoin could fall further from its current levels if it starts closing candles below the trend line, which he highlighted on the chart.

The overbought condition has eased

In X post, Slow growing trader He said that the overbought condition of the Relative Strength Index (RSI) for DOGE has dropped to 50 since the Dogecoin price pullback occurred. With the overbought condition now calming down, the cryptocurrency analyst noted that another uptrend could happen for Dogecoin any time now.

The accompanying analyst chart showed that Dogecoin price could rise to $0.54 in its next phase higher. Based on chart expectations, this rise may occur before the end of the year. Meanwhile, in another post, the analyst reiterated that Dogecoin Bull Course We still have a long way to go.

The analyst revealed that Dogecoin price is currently consolidating in a position similar to the 2021 bull market. His chart showed that this range was before Dogecoin registered its next leg higher in that cycle. Meanwhile, trader Tardigrade once again suggested that the first meme coin could peak at around $34 this market cycle.

At the time of writing, Dogecoin price is trading at around $0.39, down over 4% over the past 24 hours, according to Data From Coin Market Cap.

Featured image created with Dall.E, chart from Tradingview.com