Crypto analyst BALO has predicted that the Dogecoin price could still rise to new all-time highs (ATHs) despite last year’s decline. He revealed what level DOGE needs to regain to trigger this massive breakout that could lead to new highs.
Dogecoin Price eyes focus on ATH with recovery at this level
In one X messageBALO stated that a $0.13 clawback could trigger a huge breakout for the Dogecoin price and lead to a new all-time high (ATH) for the best meme coin. His statement came just before DOGE regained this level, reaching double figures in the last 24 hours.
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The Dogecoin price rose along with other meme coins PEPE leads the way with a daily profit of no less than 35%. With DOGE back above $0.13, a new all-time high could be in the offing, as BALO predicted. His accompanying chart showed that the meme coin could hit a yearly high of around $0.44 this year, before rising to a new ATH of $0.74 in 2027.
Crypto analyst Neo offered a more bullish outlook for the Dogecoin price, suggesting it could rise as high as $35. In one X messagethe analyst highlighted a rising trendline for DOGE, with the center of the trendline placing the meme coin at $4, and the target at the top of the trendline at $35.
Neo alluded DOGE’s historic achievementnoting that the Dogecoin price rose from the lower limit to the upper limit in one go in 2021. The analyst further noted that there is a chance this will happen again this time. His handlers suggested this parabolic rally could happen before the end of this year.
Why a Rally to $0.75 is Possible
Crypto analyst Bitcoin sentiment increased the possibility of a Dogecoin price rally to $0.75 and explained why DOGE could rise 450% to this resistance level. The analyst noted that every previous accumulation phase has led to a strong price increase. As such, Bitcoinsensus said this could indicate what could happen next for the meme coin, with a potential rally to a new ATH.
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Meanwhile, crypto analyst Kevin Capital indicated that Dogecoin price may enter a bullish trend again after climbing back above the $0.138 level. He further noted that the next thing needed is a weekly close above this level, and DOGE could then be “back in business.” The analyst had mentioned earlier a recovery from this level would be hugely positive, with its accompanying chart suggesting this is a possible rally to $0.4 on the cards.
At the time of writing, the Dogecoin price is trading around $0.14, up more than 11% in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com