Get Ready for the Ultimate Dogecoin Rally: Analyst Predicts $1.25 Price Target! 🐕🚀

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Attention, Dogecoin enthusiasts! Crypto analyst TradingShot has spotted a bullish pattern that could send DOGE soaring to new heights. The analyst predicts that Dogecoin could rally to as high as $1.25, marking a significant price surge for the meme coin. 📈

Dogecoin’s Megaphone Pattern Points to Parabolic Rally

In a TradingView post, TradingShot noted that Dogecoin has been trading in a bullish Megaphone pattern within a channel up. The recent rebound on June 16 on the weekly MA200 is a higher low at the bottom of both patterns. With the 1-week Relative Strength Index (RSI) also rebounding on its long-term support zone, TradingShot declared that Dogecoin is most likely at the start of a new bullish leg. 📊

The analyst added that this could be the final rally that will shape this cycle’s top. Meanwhile, he claimed that DOGE is targeting $1.25 because the previous two bullish legs peaked on the 3.618 Fibonacci extension of the last decline. 🔢

TradingShot advised market participants that they can settle for $0.8 if they wish to pursue a target within the Channel up. A rally to both $0.8 and $1.25 would mark new all-time highs (ATHs) for Dogecoin, whose current ATH is at $0.73. His accompanying chart showed that DOGE could reach these targets in the first half of next year. 📅

Dogecoin is expected to maintain a steady climb from now till then as it reaches those targets. The meme coin has already begun another uptrend following Bitcoin‘s rally to a new ATH. DOGE has again reclaimed the $ 0.20 psychological price level and could potentially reach its last local high at around $0.26. 📈

DOGE Against Its Bitcoin Pair

Crypto analyst Kevin Capital stated that the DOGE/BTC chart is sitting in a historical zone of support with the monthly time frame indicators fully reset. The analyst indicated that this was possibly the best setup for Dogecoin, one that could spark a massive run for the meme coin. 🚀

Meanwhile, crypto analyst Trader Tardigrade stated that the Dogecoin-to-Bitcoin chart might show a God candle this month. This God candle could spark a DOGE season, when the meme coin is expected to outperform the flagship crypto. The analyst’s accompanying chart showed that DOGE could rally to as high as $9 during this period. Meanwhile, he highlighted the $0.2 support level as being crucial for this lift-off for the meme coin. 📈

At the time of writing, the Dogecoin price is trading at around $0.2, up almost 2% in the last 24 hours, according to data from CoinMarketCap. 📊

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2025-07-12 16:40