Dogecoin Price Primed for a 320% Rally—Can DOGE Deliver?
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A popular meme coin shows signs of recovery as it enters bullish territory, analysts are optimistic about the future of cryptocurrencies in the coming months. Analysts predict Dogecoin’s current momentum will push it to a possible 318% rally, thus gaining some understanding of what is driving this move up.
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Price rally around the corner?
An analyst said in an article Dog It could be up 318%, which is possible because the meme coins are consistent with their historical price changes.
“Breakthrough target is $0.6533, another +Add 318% To achieve this, you can prepare here, only here to prepare to do so. ” said Javontm1.
price $ DOGE (Dogecoin) Still up nearly 129% since breaking the resistance trend of images and prices are still eliminating and confirming another set of higher lows, and there may even be more room for upside!
Breakthrough target is $0.6533, another 318%… https://t.co/nhmmikjgqv pic.twitter.com/qum16794li
– javon⚡️marks (@javontm1) March 11, 2025
Javontm1 made a prediction after the meme coin soared 129% after violating the key resistance trend line. “Since the price of $Doge (Dogecoin) has been around nearly +129% since the price breaks away from the resistance trend of the image, and the price is still rising, and another set of higher lows can be confirmed, and there may even be more room for upwards!”
Bullish impulse wave
Analysts use Elliott Wave theory to explain Doge’s future. According to the chart, Dogecoin’s price may be “in a bullish wave of impulse”. They believe that the spike in the number of coins indicates an increase in market participation, supporting the possibility of sustained upward movement.
Meanwhile, the curved trend line on the chart shows that the meme coins have shifted from an extended correction phase to a breakthrough phase.
Last month, Javontm1 pointed out that Dogecoin was priced at $0.6533, and it was coming soon. “It’s only a matter of time so far, it’s a major breakthrough reaction and climb, but the above moves are becoming more and more likely!”
Potential rebound
Another analyst believes Doge is moving towards a potential price rebound, thus enhancing the bullish outlook for the coin.
Ali Martinez used the TD sequential indicator to explain the possible surge, saying the indicator flashed a buy signal on the daily chart, a tip investors used to identify a trend reversal.
Martinez added that this usually occurs after the bearish phase, indicating that the meme coins may be moving towards the recovery phase.
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Data shows that Doge is still in a strong position after the price breakout, indicating that there is a possibility of further gains.
At press time, Dogecoin’s transaction price was $0.1720 per coin Market value More than $25 billion.
Featured images from Pexels, charts for TradingView
