Altcoin DOGE breakout could explode to $0.33 and $0.40 bull targets.
Analysts expect this outcome only if $0.25 support line holds.
Dogecoin inches closer to its previous ATH price in the $0.73 price range.
The altcoin market has been pumping spectacularly ever since the price of Bitcoin (BTC) set its latest ATH at $123,000 in Q3. After a long delay, it looks like the start of altseason may finally be in session. One of the most bullish altcoins this bull cycle could be Dogecoin. In fact, a reputed analyst says that a DOGE price breakout could explode to $0.33 and $.0.4 bull target prices if $0.25 support holds.
DOGE Price Breakout Could Explode
The altseason peak phase of the ongoing bull cycle was expected to arrive in Q1 of 2025, as historically, every altseason peak often arrived in Q1 following a Bitcoin Halving event. However, due to Bitcoin’s early pump and first-ever phenomenon of setting a new ATH before the Bitcoin Halving event, this Q1 saw a prolonged correction phase for the crypto market instead.
Ultimately, the correction phase went on for a full quarter, allowing the crypto market to settle into a much healthier state by the end of Q2. During that time, BTC went on to set higher ATH prices, and the price of ETH finally bottomed. This entire process finally allowed ETH to pump steadily towards its previous ATH price set at $4,800 last bull cycle. Presently, the price of altcoins is steadily pumping alongside ETH.
In every bull cycle, the moment the price of ETH starts to outperform BTC is when the tides for altseason to arrive and take over are imminent. Presently, the price of ETH is easily starting to outperform BTC, and all altcoins are showing even greater bullish potential. With several altcoins like ETH, ADA, XRP, and many others inching towards their previous ATH prices, the moment for altseason’s peak phase to arrive is closer than ever.
DOGE Nears Previous ATH Price
Amidst the sea of bullish altcoins, the pioneer memecoin asset Dogecoin (DOGE) seems to be one of the most bullish altcoins this bull cycle. As the price of DOGE also continues to inch towards its previous ATH prices, expectations for DOGE price to flourish and hit much higher ATH prices continue to grow stronger. In particular, ATH expectations for DOGE this bull cycle go from $1 to $10, and even $20 to $36.
https://twitter.com/ali_charts/status/1947044075133091844
According to CoinMarketCap analytics, the price of DOGE currently sits at $0.27 with a total market cap of $41,031,236,425.79 and a 24-hour volume of $6,049,891,383.51. DOGE set its previous ATH at $0.7376 4 years ago, meaning it needs a pump of over 62% to reclaim its previous ATH prices. As we can see from the post above, the price of DOGE is breaking out, and if it maintains support at $0.25, it can pump to hit $0.33 and $0.4 bull targets soon.
