DOGE Price Breakout Could Explode to $0.33 and $0.40 Bull Targets if $0.25 Support Holds

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Altcoin DOGE Breakout Could Target $0.33 and $0.40

Analysts suggest Dogecoin (DOGE) could surge to $0.33 and then $0.40 if it maintains support above the $0.25 level. Dogecoin is moving closer to its previous all-time high (ATH) in the $0.73 range.

The altcoin market has experienced significant growth since Bitcoin (BTC) reached a new ATH of $123,000 in Q3. After a period of anticipation, it appears that altseason may finally be underway. Dogecoin is positioned as one of the potentially strongest performers during this cycle. One analyst indicates that a DOGE breakout could target prices of $0.33 and $0.40, contingent on the $0.25 support holding.

DOGE Price Breakout Potential

The peak of the altseason within the current bull cycle was initially projected for Q1 2025, aligning with the historical pattern of altseason peaks occurring in the Q1 following a Bitcoin halving. However, Bitcoin's early surge and unprecedented establishment of a new ATH before the halving resulted in a prolonged correction phase for the crypto market during Q1.

This correction extended for a full quarter, allowing the crypto market to stabilize and achieve a healthier state by the end of Q2. During this period, BTC continued to reach new ATH prices, and the price of ETH found its bottom. This process enabled ETH to steadily rise towards its previous ATH price of $4,800 from the last bull cycle. Currently, altcoin prices are rising in tandem with ETH.

Historically, the shift towards altseason dominance begins when ETH starts to outperform BTC. ETH is now demonstrating stronger performance than BTC, and many altcoins are exhibiting even greater bullish potential. With several altcoins, including ETH, ADA, and XRP, approaching their previous ATH prices, the peak of altseason seems increasingly imminent.

DOGE Approaching Previous ATH

Within the overall bullish altcoin market, Dogecoin (DOGE) stands out as a potentially strong performer. As DOGE's price continues to approach its previous ATH, expectations for it to flourish and reach even higher ATH prices are growing. Price targets for DOGE in this bull cycle range from $1 to $10, and even $20 to $36.

According to analytics, DOGE is currently trading around $0.27. DOGE's previous ATH was $0.7376, reached four years ago, meaning it needs a pump of over 62% to reclaim its previous ATH prices. As indicated, DOGE is breaking out, and if it maintains support at $0.25, it could reach targets of $0.33 and $0.40.