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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here’s When

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Dogecoin

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Crypto analyst Trader Tardigrade has made an ultra-bullish prediction for Dogecoin (DOGE), suggesting that the foremost meme coin will rise to $3.7. The analyst also provided insights into when this meteoric rise will happen. 

When Dogecoin Will Rise To $3.7

The accompanying chart, which Trader Tardigrade shared in his analysis, showed that Dogecoin will rise to $3.7 in 2025 and could be the peak for the foremost meme coin in this market cycle. As part of his analysis, the crypto analyst explained why he was confident that a price pump was on the horizon for the foremost meme coin. 

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Dogecoin 1
Source: X

Trader Tardigrade mentioned that Dogecoin consistently forms inverse Head and Shoulders in each cycle. He further noted that the mem coin is currently at the right shoulder in this cycle, meaning that the price rally that comes after the corrective move on the right shoulder is imminent. His accompanying chart showed how Dogecoin rose to its current all-time high (ATH) of $0.73 after this bullish pattern formed back then. 

It is worth mentioning that Trader Tardigrade isn’t the only crypto analyst who has predicted that Dogecoin could rise to as high as $3.7 in this bull run. Crypto analyst Kevin Capital (formerly OG Yomi) once predicted that Dogecoin could rise to as high as $3.80 and even surpass it. He explained that the foremost meme coin has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows.

Kevin also recently provided a bullish analysis for Dogecoin, stating that the meme coin should reach its current ATH or close to it in December later this year. He explained that his prediction is based on the average time between previous ATHs and crypto cycles. He urged Dogecoin holders to stay positive as the market is still in a bullish trend even though it might take a while for the meme coin to recover. 

Dogecoin 2
Source: X

DOGE Could Lead The Next Market Rally

Crypto analyst Ali Martinez raised the possibility of Dogecoin being the coin that first breaks out and kicks off the next leg up. The crypto analyst also gave a bullish analysis of the meme coin’s current price action. Martinez told market participants to watch out for a falling wedge on the daily chart as a sustained close above $.10 could spark a bullish run to $0.15. 

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Dogecoin 3
Source: X

Kevin also highlighted this falling wedge pattern in a recent analysis, stating that Dogecoin was showing signs of being oversold on higher time frames and looking primed for a breakout soon. He remarked that Dogecoin’s setup is as bullish as it can be.  

At the time of writing, Dogecoin is trading at around $0.09, up over 2% in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com
DOGE price pushes toward $0.1 | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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