Analyst sets Dogecoin’s path to $2.55 record high
Dogecoin (DOGE) could be on track for a historic rally that may push the meme cryptocurrency beyond $2, according to an outlook by pseudonymous technical analyst Master Ananda. Looking at the weekly chart, Ananda highlighted that Dogecoin’s last major bull cycle in 2020–2021 spanned 420 days and delivered a staggering 65,527% surge, lifting the price to its all-time high of $0.74. Following the peak, a prolonged bear market ended in June 2022, with DOGE entering a consolidation phase that has now stretched 1,155 days. In a TradingView post on August 17, the analyst noted that the current uptrend, in place since October 2023, has lasted 672 days and shows strength within a rising parallel channel. Dogecoin price analysis chart. Source: TradingView DOGE’s key resistance levels to watch At the same time, he highlighted several key resistance levels that stand out. The first major target is $0.47, which could be reached within a month. A retest ...