The post Technical Analysts Highlight Dogecoin Price Rally Potential, Here is the Target appeared on BitcoinEthereumNews.com.
An expert crypto trader forecasts that Dogecoin (DOGE) will rally to $0.34 in June 2025. His bullish outlook aligns with on-chain data from Santiment after social volumes increased by 12% within 24 hours despite a negative outlook across the broader crypto market. DOGE trades at $0.18 with a 9% intraday loss. The ongoing decline in Dogecoin price coincides with Bitcoin shedding its gains, as most crypto tokens edged lower on Saturday. Expert Predicts 60% Dogecoin Price According to analyst Olivier Maximus on X, the price of Dogecoin may reach $0.34 in June if it meets certain conditions. In his analysis, Maximus stated that DOGE will have to make a downsizing first before it can rally higher and attain this price target in the coming weeks. The swing low will push Dogecoin price to the lower support level of a descending parallel channel, per the analyst. Once it tests this support, Maximus expects the price to bounce to resistance at the upper boundary channel before a 2x rally from the current price ensues to $0.34. This analysis mirrors that of Tardigrade, which gave an even more bullish outlook, suggesting that Dogecoin price may not only reach $0.34 but also surge past $3. He based this outlook on the ascending broadening wedge pattern, after DOGE bounced from the lower support level. This wedge pattern is usually bearish. However, in his analysis, Tardigrade noted that Dogecoin has bounced from the lower support level, and if it breaks from resistance at the upper trendline, it may reach the $3.80 target price. This outlook will be deemed invalid if the uptrend from support loses momentum and instead, DOGE loses the lower trendline support. Dogecoin Price Chart Despite the analyst’s bullish views, a recent Coingape analysis revealed that Dogecoin whales are selling after dumping over 60…