Expectations for the Dogecoin price remain high as a crypto analyst has predicted a rally to a new all-time high for the meme coin. Not only does the analyst expect an eventual break above the coveted $1 level, they push further, expecting Dogecoin to put on a parabolic rally that could shock the crypto market.
This could catapult the DOGE cryptocurrency forward, and put on a performance reminiscent of its 2021 price surge. Dogecoin has completed its accumulation phase according to pseudonymous crypto analyst TradingShot, who posted the analysis on TradingView.
The analyst references previous predictions of an accumulation phase before a surge. Now, they say Dogecoin is entering the parabolic rally phase, guided by bullish technical indicators, including moving averages and bull flags.
For price targets, TradingShot predicts a conservative target of $2, a 1,760% rise. However, the price could surge 5,500% to $6 under certain conditions like new adoption or aggressive market inflows. They forecast this could happen by August 2025.
