The post Will Dogecoin Price Break $1.30? Analysts Predict Major Surge appeared on BitcoinEthereumNews.com.

Dogecoin price demonstrated remarkable resilience through a 198.3% price increase over the past year. However, investors have shown concern after the meme coin experienced a 31.2% decrease in the last month. Despite its recent price decline, analysts predict that Dogecoin price will maintain a bullish trajectory. Historical price data reveals Dogecoin enters a consolidation phase before it triggers a substantial price increase. The ongoing market decline might become a short-term trading pattern that drives prices upward. The broader cryptocurrency market’s current upward shift indicates Dogecoin price might match this direction. – Advertisement – Historical data shows that downward price movements tend to generate future profit opportunities for DOGE. Investors are closely observing potential price breakout indications. Analyst Predicts Dogecoin Price Breakout Over $1.30 Market analyst Trader Tardigrade has identified a pattern that suggests an upcoming breakout. He noted that the meme coin market trend is in a Boring Phase. Dogecoin exhibited identical market patterns leading up to its 15-fold rise in 2017. Source: X Notably, Dogecoin maintained a price range between $0.20 and $0.30 from December 2024 to February 2025. This prolonged price consolidation phase shows similarities to previous market cycles that produced substantial gains. Tardigrade expects this current phase to end soon which will propel Dogecoin price to new heights. He forecasted the top meme coin will surpass the $1.30 price mark after March 2025. If this pattern continues , it may signal the start of another major bull run. Elliott Wave Analysis Points to a Potential $6.08 High Additionally, Elliott Wave analysis shows Dogecoin price is forming a five-wave pattern.  This pattern suggests the meme coin is set to maintain its long-term price growth path toward higher values. Analysts predict the ongoing price movement will result in an extreme market surge. The initial Dogecoin price surge started in…

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Filed under: News - @ February 23, 2025 2:16 pm