Analyst Predicts Dogecoin's Prospects: A Rally to $0.8 Ahead

Crypto analyst Charting Guy believes that Dogecoin has turned a corner, predicting a potential price surge to $0.8. This insight comes as meme coins, including DOGE, take center stage in the cryptocurrency market as the new year begins.

Key Takeaways

Analyst Charting Guy predicts Dogecoin could rise to $0.8, indicating the worst might be over.
Dogecoin has rallied nearly 30% at the year's start and is the top gainer among major cryptocurrencies.
Institutional interest in DOGE is resurging, with recent ETF inflows.
Short-term projections suggest DOGE could hit $0.2 before experiencing a dip.
Other analysts believe Dogecoin's potential for growth could exceed initial estimates, with targets as high as $11 suggested.

Dogecoin

Dogecoin Set for a Potential Rally to $0.8

Charting Guy posted on X, presenting a chart that suggests Dogecoin could rally to an impressive $0.8, which would represent a new all-time high for this popular meme coin. He highlighted that if Dogecoin follows a chart pattern he previously outlined, it seems the worst may have passed. The analyst had speculated earlier that DOGE might enter a phase of long-term consolidation, like XRP, before eventually breaking out with a rally that could take it to $1.

According to Charting Guy's chart, Dogecoin might experience sideways trading until the middle of 2028 before reaching the $0.8 target, with the possibility of even hitting the psychological milestone of $1. The significant dip to $0.11 last month might mark a bottom for the meme coin, especially as it rebuilds its bullish market structure.

Dogecoin
Source: Chart from Charting Guy on X

At the start of this year, Dogecoin has witnessed a rally of nearly 30%, positioning itself as the top-performing asset among the top 10 cryptocurrencies by market capitalization. This resurgence has reignited interest from institutional investors, with DOGE ETFs seeing significant inflows. SoSoValue data indicates these funds experienced net inflows of $2.30 million on December 2 and $1.60 million yesterday, marking their first consecutive inflows since December 3, 2025.

Short-Term Outlook for Dogecoin

In another post on X, Charting Guy shared a chart with his short-term projections for Dogecoin. The analysis suggested that DOGE could maintain its upward trajectory, reaching $0.2 by early February. Following this, the meme coin may face a temporary decline, possibly dropping to as low as $0.12 by March, which could symbolize a new bottom. This could then lead to another impulsive move upwards, surpassing $0.2, with a potential target of around $0.22.

Another crypto analyst, Javon Marks, provided an even more bullish perspective on Dogecoin. He predicted that the next targets could be $0.6533 and $1.25111. Additionally, he noted that during altcoin seasons, DOGE might demonstrate growth that exceeds many expectations, suggesting that a surge to $11 could be within the realm of possibility.

As of the latest update, Dogecoin is trading at approximately $0.15, marking an increase over the last 24 hours, according to data from CoinMarketCap.

Dogecoin
DOGE trading at $0.14 on the 1D chart | Source: DOGEUSDT on Tradingview.com