- Analysts predict Dogecoin could surge to $0.65 if it holds above the $0.14750 support level.
- A breakout could first push DOGE to $0.463 and $0.553 before hitting its final target.
- If support at $0.16 holds, DOGE might skyrocket to $3, marking a potential 1,665% gain.
Dogecoin’s price action is heating up, with analysts eyeing a breakout that could send the meme coin soaring. One expert predicts DOGE could explode to $0.65—if it can hold key support levels and avoid a deeper breakdown.
Dogecoin Primed for a Breakout?
On March 14, crypto analyst Marzell shared a bullish outlook for Dogecoin, predicting a surge to $0.65. According to his technical analysis, DOGE is currently trading above the critical $0.14750 Fibonacci level, a zone that could dictate its next big move.
The analyst pointed to a Falling Wedge pattern forming on the chart, a classic signal of an impending bullish reversal. Typically, this setup appears during downtrends and suggests that selling pressure is easing, setting the stage for an upward breakout.
The Road to $0.65
Marzell’s analysis suggests that if Dogecoin can hold above the $0.14750 Fib level—right at the lower boundary of the Falling Wedge—it could rally toward two key targets before hitting the $0.65 mark. First, DOGE would need to climb to $0.463, then push higher to $0.553, before making its final leap to the projected peak.
However, there’s a bearish case too. If DOGE fails to maintain support, it could drift sideways before making another breakout attempt.
Right now, Dogecoin is trading at $0.17 after a steep decline caused by broader market volatility. A move to $0.65 would mean an enormous 282% gain from its current level.
Can Dogecoin Still Go Parabolic?
Beyond Marzell’s analysis, other market watchers remain equally optimistic. Prominent analyst Ali Martinez believes DOGE still has the potential to go parabolic in this bull cycle.
Despite its recent struggles—plunging over 60% in the past month—Martinez remains convinced that the meme coin could defy bearish pressure. He points to an Ascending Channel pattern on the chart, suggesting that if Dogecoin maintains support at $0.16, a historic breakout to $3 is still in play.
With DOGE sitting at $0.17 as of now, that would represent an astonishing 1,665% surge. Whether or not Dogecoin will live up to these bold predictions remains to be seen, but for now, the market is watching closely as the meme coin inches toward a possible breakout.
