Crypto analyst KrissPax has captured the community’s interest with his observation of a promising bullish pattern emerging in Dogecoin’s price. He anticipates that Dogecoin may soon experience a surge into the double-digit territory.
Dogecoin Price Anticipates Double-Digit Rise
In a recent post on X, KrissPax highlighted that Dogecoin’s price is set to see a double-digit increase shortly, following its breakout from a two-week descending wedge. He noted that after a brief retracement, DOGE could see a bullish reversal and climb back above $0.40.
The $0.40 level is pivotal, as it served as crucial support when Dogecoin first entered its initial bull run phase. Thus, a rise above this threshold could set the stage for the popular meme coin to embark on the next phase of its bullish trend. There is potential for Dogecoin to reach its previous all-time high (ATH) of $0.74, and even target the much-anticipated $1 mark.
In another post on X, KrissPax shared additional insights, indicating that Dogecoin has completed a re-test on an upward-sloping resistance line, which now acts as support. He reported a 6% increase for DOGE in 2025 so far and expects further upward movement. The accompanying chart suggested a potential rally reaching as high as $2.
Additionally, many large investors, commonly referred to as Crypto Whales, appear to be gearing up for a rebound in Dogecoin’s price. According to a report from Bitcoinist, Dogecoin has seen a remarkable 41% increase in large transactions, with $23.35 billion traded within a 24-hour period. This surge indicates a trend of accumulation among DOGE Whales, which is also encouraging for the leading meme coin, suggesting that these investors may play a significant role in its price recovery.
A Significant Price Increase May Occur This Week
Analyst Master Kenobi forecasts that Dogecoin’s price may experience substantial growth this week. He pointed out that in a previous cycle, there were no signs predicting the considerable DOGE surge that followed 258 days after the Bitcoin Halving. The analyst expects DOGE to hit a minimum of $1.2 this week if historical patterns hold true.
He also suggested that in an “ultra-optimistic” scenario, Dogecoin could climb to $3.4. Analyst Dima James has recently echoed a bullish sentiment for Dogecoin, predicting that it could surpass the $11 mark by year’s end. Based on historical data, he even speculated the possibility of Dogecoin rising to levels as high as $23 or even $36.
Currently, Dogecoin is trading at approximately $0.34, having gained over 3% in the last 24 hours, according to data from CoinMarketCap
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