The post Analyst Says Dogecoin Price Is About To Burst, Here’s The Target appeared com. Crypto analyst Butterfly has provided a bullish outlook for the Dogecoin price, predicting that it could soon record a massive rally. This comes as the crypto market looks to rebound from its most recent downtrend, with DOGE well below the psychological $0. 2 level. Analyst Declares The Dogecoin Price Is About To Burst In an X post, Butterfly urged DOGE holders to stay alert as the Dogecoin price could “burst” from its current price level. This came as the analyst noted that the foremost meme coin is facing the lower boundary of the symmetrical triangle on the 3-day chart. Butterfly added that this zone remains a strong floor for price action and that bullish pressure is mounting fast. The analyst’s accompanying chart showed that the Dogecoin price could bounce off the $0. 165 support level and rally to as high as $0. 48. Notably, that price level marked a local high for DOGE last year when it rallied from a similar range as its current price level. Meanwhile, the meme coin is expected to hit this price level by year-end or the beginning of next year. This Dogecoin price prediction comes as the crypto market rebounds from the recent crash, which caused Bitcoin to drop below $100,000, dragging DOGE and other altcoins down. With BTC back above $100,000, the foremost meme coin will look to reclaim the psychological $0. 2 level, which could spark a larger rebound. Crypto analyst Ali Martinez also indicated that the bottom was in for the Dogecoin price following the recent crypto market crash. In an X post, he revealed that the TD Sequential indicator has flashed a buy signal on DOGE, suggesting the local bottom might be in. DOGE’s Bull Run Could Start Soon Crypto analyst Chandler indicated that DOGE’s bull run could soon begin. He noted that the.