Crypto analyst Lebicahlz has predicted that the price of Dogecoin will see a significant increase, reaching an all-time high (ATH). The analyst also provided a price target that Dogecoin could reach when it rises to new highs.

In a post on TradingView, Lebicahlz said he believes the price of Dogecoin will hit a new high. The analyst warned that the gains may not be as big as in previous bull markets. However, Dogecoin does look like a very good token in 2025 because it has more room to go up.

The analyst's note chart suggests that Dogecoin could rise to $20 by next year. This parabolic rise means that prices will rise about 4.900% from current levels. According to the chart, this price spike could occur sometime between early January and July 2025.

Cryptocurrency analyst Javon Marks recently expressed similar bullish sentiment on the price of Dogecoin, saying that historical data suggests that the price of Dogecoin will rise more than 75 percent to a new high. Marks predicts that the premier meme coin could rise above $3 and reach $15.

Cryptocurrency analysts such as trader Tardigrade have also previously predicted that the price of Dogecoin could reach double digits in this market cycle. Trader Tardigrade predicts that if Dogecoin can run a bull market in 2021, its price could go as high as $30. In line with this, analysts recommend that investors start looking for profits when Dogecoin reaches $10 and may continue to profit as the meme rises to $30.

In an X post, cryptocurrency analyst Ali Martinez revealed that DOGE investors may be growing impatient with the price movement of Dogecoin. Previously, analysts revealed that market sentiment for Dogecoin has turned negative. Based on this, analysts noted that traders have become impatient during the ongoing price consolidation.

Since the parabolic rally between October and November, the Dogecoin price has been consolidating around $0.4 for about a month. However, cryptocurrency analyst Kevin Capital offers some optimism for those who might be pessimistic at the moment.

He said the Fed's dovish outlook for 2025 and the Bank of Japan's decision not to raise rates could offset any bearish indicators. Accordingly, the analyst noted that now is not the time to over-analyze the charts, but should focus on macroeconomic factors.