Dogecoin (DOGE) has long been waiting for a breakthrough in price. The leading meme coin has lately been adopting a sluggish price pace, and hasn’t had a significant breakthrough since the US election season last November. Then, DOGE nearly hit $0.50 following Dogefather Elon Musk-supporter and pro-crypto candidate Donald Trump became the US President for a second time. Now, the asset is looking for its next big break: $4.
Indeed, some analysts are so bullish on the Dogecoin cryptocurrency that they are skipping the illustrious $1 that DOGE has been trying to hit, and are already looking ahead to $4. That would put the asset in XRP-like territory, something many haven’t ever expected from the dog-themed meme coin. The projection isn’t uncommon either, as numerous analysts have thrown around a $4 forecast for DOGE to explode.
One of the latest analysts to suggest Dogecoin reach $4 is Trader Tardigrade. The analyst recently posted to X, suggesting key milestones that DOGE could reach in the coming years. Per the analyst, Dogecoin has completed what is known as “three touches” to the horizontal support, as tweeted by the expert. He later shared how DOGE had earlier surged when it hit the crucial Fibonacci level of 2.786 in the last breakout. The expert later added that history can repeat itself if DOGE repeats the same process, helping the token target a new high of $1.09.
The analyst notes that Dogecoin is aiming for the long haul, sharing that the token is targeting $4 as soon as 2026. Another noteworthy analyst, Javon Marks, has also shared a similar analysis for Dogecoin. He added how DOGE is currently on the path to success, as the token’s relentless efforts to pursue a new high have begun. Marks is a bit more conservative with their projection, though, signaling DOGE may hit $0.65 first before moving towards the highly coveted price mark of $1.25.
Also Read: Dogecoin ETF Nearing? Bitwise Amends ETF Filing
Several events are developing around DOGE that could put it on an explosively bullish path. Most noteworthy, the arrival of a Spot Dogecoin ETF may finally be nearing, as crypto fund asset manager Bitwise has amended its S-1 application with the SEC. The ETF issuer updated the regulatory filing for its Dogecoin ETF on Thursday, suggesting approval chances could be growing, according to Bloomberg analysts. Furthermore, DOGE price has rebounded since June 23, prompting analysts to forecast plenty of green coming this July. While Dogecoin to $4 may be way too soon to suggest, price points for the near future are positive and likely to be achieved.