DOGE price 'conservative target' starts from $2.35

Based on the DOGE bull market fractal

The price of DOGE (DOGE) has slowed down in the past four weeks after breaking through the multi-month resistance level of $0.35 in early November.

Although the daily chart still looks bullish, the crypto asset lost the support of the 50-day EMA level on December 19 and has not yet recovered to a position above the indicator.

Despite these short-term concerns, an analyst emphasized that considering the previous bull market performance of DOGE, its long-term target remains high in 2025.

The target for DOGE is between $2.35 and $2.60.

The CEO is an anonymous cryptocurrency investor who told his 536,000 followers on X that DOGE is expected to rise sharply in 2025. Using the weekly chart, the investor showed the range high and range low scans of the previous week's resistance and support levels during the previous bull market.

The same pattern is repeating itself in 2024, and DOGE is in the final stage before a breakthrough rebound.

Similarly, technical analyst Chandler Bing stated that the long-term price range of memecoin is between $2.35 and $2.60, which is a 683% increase from the current price. Although this target may seem a bit far-fetched at the moment, analysts refer to it as a 'conservative target'.

Analysts emphasize that the target is set based on DOGE's performance relative to Bitcoin and Ethereum in the previous bull market.