Dogecoin Road To ATHs: Why $0.28 Is The Next Major Milestone For A Breakout
February 21 2025 - 5:30PM
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Crypto analyst Dima Potts has provided insights into the current
Dogecoin price action. In his analysis, Potts highlighted the $0.28
price level as being the next major milestone for DOGE as it eyes a
breakout on its way to a new all-time high (ATH). Why $0.28
Is The Next Major Milestone For Dogecoin’s Road To ATH In an X
post, Dima Potts revealed that $0.28 would be the next major
milestone for Dogecoin on its road to a new ATH. The analyst stated
that he expects DOGE to move towards the $0.28 range, similar to
the previous cycle. As such, he remarked that this range marks the
next major milestone for the foremost meme coin. Related Reading:
Historical Performance Says Dogecoin Price Could Surge To $2.2,
Here’s How The analyst further noted that beyond this point, there
would be an increase in volatility with the Dogecoin price
consolidating before heading towards new yearly highs and
eventually its ATH. In the meantime, Potts noted that the $0.25
price level continues to serve as a short-term support level that
DOGE’s price should follow, just like in the 2017 cycle when this
pattern emerged. The analyst had earlier revealed that a
similar pattern to the one in the 2017 cycle was emerging for
Dogecoin in this cycle. He alluded to this pattern as why DOGE can
rally to as high as $10 in this cycle. Potts remarked that he
believes the meme coin will head towards its all-time highs and
then much higher in the coming weeks, mirroring its 2017
performance. Meanwhile, crypto analyst Kevin Capital recently
highlighted the Dogecoin price’s struggle to reclaim this $0.28.
This came as he noted that DOGE has failed to get above the macro
golden pocket and weekly bull market support band, which is around
the $0.28 range. In line with this, he stated that it is time to
watch the Bitcoin price even closer to see if the flagship crypto
can help the foremost meme coin witness a bullish reversal soon
enough. DOGE Has Entered A Boring Phase In an X post, crypto
analyst Trader Tardigrade stated that the Dogecoin price has
entered the “boring phase.” In line with this, he told market
participants to expect tight consolidation at the current level
over the next few weeks before the massive DOGE rally. His
accompanying chart showed that DOGE could rally above $1 when this
rally happens. Related Reading: Dogecoin Traders Remain
Extremely Bullish Despite Price Crash, Here Are The Numbers Crypto
analyst Kevin Capital stated that the Dogecoin price is still in
risky waters. He remarked that the meme coin needs to get above the
macro golden pocket and weekly bull market support band at $0.30 on
weekly closes. The analyst added that it is only when that happens
that market participants can feel good again about DOGE attacking
the highs and beyond. At the time of writing, the Dogecoin
price is trading at around $0.25, down in the last 24 hours,
according to data from CoinMarketCap. Featured image from Adobe
Stock, chart from Tradingview.com
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