Crypto analyst Lebicahlz has predicted that the Dogecoin price is set to witness a major explosion, which would send it to new all-time highs (ATHs). The analyst also provided price targets that Dogecoin could reach as it rallies to new highs. 

Dogecoin Price Set To Reach New ATHs

In a TradingView post, Lebicahlz said he believes the Dogecoin price is ready to blast off into new record highs. The analyst warned that the growth may not be as much as previous bull runs. However, he added that Dogecoin does look like a very good coin for 2025, as it has more room to run to the upside. 

The analyst’s accompanying chart showed that Dogecoin could rally to as high as $20 by next year. Such a parabolic rally would represent a price gain of around 4.900% from its current level. Based on the chart, this price surge could happen sometime between early January 2025 and July. 

Crypto analyst Javon Marks also recently echoed a similar bullish sentiment for the Dogecoin price, stating that historical data shows that the Dogecoin price will experience a surge of over 75% to reach a new ATH. Marks predicted that the foremost meme coin could rally above $3 and reach $15 on a “high end.”

Crypto analysts like Trader Tardigrade have also previously predicted that the Dogecoin price could reach double digits in this market cycle. Trader Tardigrade predicted that Dogecoin could reach as high as $30

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Author: Scott Matherson