Analyst Olivier has indicated that the Dogecoin price could be only a few weeks away from a new all-time high (ATH). The analyst further revealed what must happen between now and then so the meme coin could surpass its current ATH of $0.73. 

Dogecoin Price Could Hit New ATH If This Happens

In an X post, Olivier mentioned that the Dogecoin price will only be a few weeks from a new ATH once it breaks above $0.23. The analyst’s accompanying chart showed that the foremost meme would rally to a temporary ATH at $1.6. Once that is done, the chart indicates that Dogecoin will rally further to $3.7. 

However, based on Olivier’s chart, this $3.7 target won’t mark the top for the Dogecoin price as the meme coin is still likely to rise to as high as $32. The analyst predicts the Dogecoin rally to this $32 price target will happen sometime in May 2025. Interestingly, this ultra-bullish prediction comes just after crypto analyst Ali Martinez predicted that the foremost meme coin could rise to as high as $23 in this market cycle. 

Martinez suggested that the world’s richest man, Elon Musk, could contribute to this Dogecoin price rally since he now influences US president-elect Donald Trump. Musk has already proposed the Department of Government Efficiency (D.O.G.E) under the Trump administration, which is expected to draw more DOGE. 

In his most recent DOGE analysis, Martinez also provided an update on the Dogecoin price action. He said that Dogecoin is

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Author: Scott Matherson