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Crypto analyst Swallow has predicted that the Dogecoin price could quickly rise to $0.48. The analyst also revealed what needs to happen first for the top meme coin to enjoy this bullish reversal.
Dogecoin price reaches $0.48, but this needs to happen
In one TradeView postSwallow predicted that the Dogecoin price could rise to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), with a rejection likely to occur. The analyst added that more confirmations are needed for this rally to reach $0.48.
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In line with this, Swallow noted that the Dogecoin price should see a weakening near this EMA zone before making a downward movement. He explained that any sign of volume building within this range could lead to further move towards the $0.40 and $0.48 targets.
Crypto analyst KrisPax also recently gave a bullish outlook for the Dogecoin price, predicting that a recovery was imminent. He stated that Dogecoin has broken out of a two-week falling wedge. The crypto analyst added that the top meme coin could rise back above $0.40 after a retracement.
In another X post, KrissPax revealed that Dogecoin price just completed a retest at an upward resistance line as support and is already up 6% in this new year. He added that a sequel higher is expected. Based on the chart analysis, DOGE could rise to $2, marking a new price all-time high (ATH) for the main meme coin.
The Dogecoin price could still rise to double digits in this market cycle, based on predictions from several crypto analysts. One of these analysts is Dima Jameswho recently predicted that Dogecoin could cross $11 before the end of this year.
2025 is a bullish year for DOGE
In a recent X post, crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. He stated that 2025 is a bullish year for the top meme coin. The crypto analyst added that the upper resistance line indicates that the DOGE top could be $3.63 in this market cycle.
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The crypto analyst had previously predicted that the Dogecoin price could reach double digits. The analyst stated that DOGE could reach $30 by March this year if the meme coin reflects its value Bull Run 2021.
Meanwhile, crypto analyst Master Kenobi also shared a forecast similar to Trader Tardigrade’s, predicting that DOGE could reach $3.4 in an “ultra-optimistic” scenario. The analyst is more confident that the top meme coin could at least surpass the psychological level of $1 and reach $1.2.
At the time of writing, the Dogecoin price is trading around $0.33, up in the past 24 hours, according to facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
