Crypto analyst BALO has predicted that the Dogecoin price could still rally to new all-time highs (ATHs) despite its decline last year. He revealed what level DOGE needs to reclaim to trigger this massive breakout that could lead to new highs.
Dogecoin Price Eyes Rally To ATH With Reclaim Of This Level
In an X post, BALO stated that a reclaim of $0.13 could trigger a massive breakout for the Dogecoin price and could lead to a new all-time high (ATH) for the top meme coin. His statement came just before DOGE reclaimed this level, rallying double digits in the last 24 hours.
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The Dogecoin price rallied alongside other meme coins, with PEPE leading the way with a daily gain of as much as 35%. With DOGE now back above $0.13, a new all-time high could be on the cards, as BALO predicted. His accompanying chart showed that the meme coin could reach a yearly high of around $0.44 this year, then rally to a new ATH of $0.74 in 2027.
Crypto analyst Neo offered a more bullish outlook for the Dogecoin price, suggesting it could rally to as high as $35. In an X post, the analyst highlighted an ascending trendline for DOGE, with the middle of the trendline placing the meme coin at $4, and the target at the top of the trendline at $35.
Neo alluded to DOGE’s historical performance, noting that in 2021, the Dogecoin price surged from the lower limit to the upper limit in one go. The analyst further remarked that there is the potential for that to happen again this time. His accompanying suggested that this parabolic rally could happen before this year ends.
Why A Rally To $0.75 Is Possible
Crypto analyst Bitcoinsensus raised the possibility of a Dogecoin price rally to $0.75 and explained why DOGE could rally 450% to this resistance level. The analyst noted that each previous accumulation phase has led to a strong upswing in price. As such, Bitcoinsensus said that this might 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 the Dogecoin price may be reentering a bullish trend after climbing back above the $0.138 level. He further remarked that the next thing needed is a weekly close above this level, and then DOGE could be “back in business.” The analyst had previously stated a reclaim of this level would be a huge positive, with his accompanying chart suggesting that this could put a potential rally to $0.4 on the cards.
At the time of writing, the Dogecoin price is trading at around $0.14, up over 11% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
