Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Charting Guy has predicted that the worst may be over for Dogecoin, with a potential rally to $0.8 on the cards. This comes as meme coins like DOGEdominate the crypto market at the start of this new year. Dogecoin Eyes Rally To $0.8 As The Worst May Be Over
In an X post, Charting Guy shared a chart showing that Dogecoin could rally to as high as $0.8, marking a new all-time high for the foremost meme coin. Based on this, he remarked that the worst may be over if the meme coin was following a chart pattern he had mapped out earlier. The analyst had earlier raised the possibility of DOGE entering a long-term consolidation, similar to XRP, and then breaking out, with a rally to as high as $1. Related Reading Dogecoin Price On The Brink Of A 9,000% Rally To $10? What Historical Performance Shows 1 day ago
Charting Guy’s accompanying chart showed that Dogecoin could trade sideways until mid-2028 and then break out to this $0.8 target, with the possibility of even reaching the psychological $1 level. With the worst being over, the drop to $0.11 last month could mark the bottom for the meme coin, especially seeing as it has regained its bull market structure. Source: Chart from Charting Guy on X
Dogecoin has begun the year with a rally of almost of 30% as meme coins lead the current crypto market rally. Thanks to this, DOGE is the top gainer among the top 10 cryptos by market cap. The rally has also reignited institutional interest in the meme coin, with the DOGE ETFsrecording significant inflows. SoSoValue datashow that these funds recorded net inflows of $2.30 million on December 2 and $1.60 million yesterday, marking the first time they have seen consecutive inflows since December 3, 2025. How Things Could Play Out For DOGE In The Short Term
In another X post, Charting Guy shared a chart highlighting his lower-timeframe speculation for Dogecoin. The chart showed that DOGE could sustain this rally and reach $0.2 at the start of February. Once that happens, the meme coin could experiencea sharp pullback, dropping to as low as $0.12 in March, which could mark the bottom. Dogecoin will then see another impulsive move to the upside, breaking above $0.2 this time around and potentially reaching $0.22. Related Reading Dogecoin Price Could Rally To All-Time Highs If It Breaks This Resistance Level 3 days ago
Crypto analyst Javon Marks provideda more bullish outlook for Dogecoin, stating that the next seemingly modest targets are $0.6533 and $1.25111. However, he added that altcoin seasonshave shown that DOGE can have upside potential beyond the imagination of many people, and his accompanying chart indicated that a rally to $11 was possible.
At the time of writing, the Dogecoin price is trading at around $0.15, up in the last 24 hours, according to datafrom CoinMarketCap. DOGE trading at $0.14 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Peakpx, chart from Tradingview.com