Expectations for Dogecoin are soaring as a prominent crypto analyst predicts a substantial rally to a new all-time high for the meme coin. This analyst envisions not just surpassing the $1 mark but embarking on a parabolic rise that could astonish the crypto market. Such a surge could propel the DOGE cryptocurrency reminiscent of its remarkable 2021 performance.
According to an analysis shared on TradingView by the crypto analyst TradingShot, Dogecoin has completed its accumulation phase, setting the stage for the anticipated price surge. A year ago, TradingShot predicted that the DOGE price would enter an accumulation phase before lifting off. Recent observations confirm that Dogecoin indeed completed this phase, aligning with the analyst’s forecast and marking the transition to the rally phase.
TradingShot’s analysis highlights the importance of this accumulation phase, drawing parallels to previous bullish cycles. The analyst points to a bullish cross at the 1-Week 50 and 00-Moving Averages, and the stability of the 1-Week 100-Moving Average, which collectively channel the cryptocurrency into its Parabolic Rally phase, signaling the start of a significant upward movement.
In detailing potential price targets for Dogecoin’s parabolic rally, TradingShot outlines conservative estimates, with the DOGE price potentially soaring to $2—a 1,760% increase from current levels. This is deemed the “proper target” for this cycle. However, the nature of parabolic rallies suggests that prices could escalate beyond this point. In an “overextension case,” the analyst speculates that prices could ascend by 5,500%, reaching up to $6, influenced by new developments such as heightened adoption or breakthrough news driving aggressive capital inflows.
The timeline for this forecast appears imminent, with the analyst anticipating the realization of the prediction around 2025. Based on previous cycle peaks for Dogecoin’s parabolic rallies, TradingShot identifies August 4, 2025, as a possible peak date, suggesting that there are only about 11 months left for these projections to unfold.
Dogecoin is poised for a significant move, and if TradingShot’s analysis holds true, the crypto world may witness another historical surge in the DOGE price.
