The post Dogecoin Price Prediction – Analyst Thinks DOGE Can Hit $2 In 2025 appeared on BitcoinEthereumNews.com.

Is Dogecoin gearing up for a 12x move? Prominent analyst Ali Martinez thinks it is a possibility.  According to Martinez’s recent Dogecoin price prediction, the meme coin market leader is moving within an ascending channel.  If DOGE continues to hold above the $0.16 support level, it could see a parabolic move to $2 next.  All eyes on #Dogecoin $DOGE! If it holds this level at $0.16 and bounces, a move to $2 could be next! pic.twitter.com/pq2Xc4dsmH — Ali (@ali_charts) March 10, 2025 The ascending channel also suggests long-term Dogecoin price targets of $6 and $18.  Could Dogecoin Rally To $2? With Elon Musk’s support, anything is possible in the crypto market. The billionaire could simply start accepting payments for his Tesla EVs with DOGE, or integrate it within his X platform, and send the meme coin price skyrocketing.  Dogecoin isn’t just an Elon-backed meme either. Bloomberg analysts Eric Balchunas and James Seyffart are giving 75% odds that the US Securities and Exchange Commission will approve spot Dogecoin ETF this year.  Prominent institutions like Bitwise, Grayscale and Rex Shares have already filed their S-1 and 19b-4 applications.  And yet, Martinez’s $2 projection is unlikely, at least in $2025. At a price of $0.20, DOGE has a market capitalization of nearly $30 billion. At $2, it would have a valuation of $300 billion, $65 billion higher than Ethereum’s current market capitalization, an unlikely proposition.  Realistic Dogecoin Price Prediction — How High Can DOGE Go? Martinez has aptly used an ascending channel, in conjunction with Fibonacci levels, for his Dogecoin price prediction.  However, an upside move to the 1 Fibonacci level, which pans out to a price point of nearly $0.6 appears more realistic in the mid-term.  Depending upon the SEC’s approval of spot DOGE ETFs, and the subsequent inflows, the meme coin…

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Filed under: News - @ March 23, 2025 4:08 am