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What's the price target for Dogecoin (DOGE), arguably the most popular meme cryptocurrency? While many speculate, few offer concrete predictions. However, renowned crypto analyst Ali Martinez provides insight into DOGE's potential trajectory.

Martinez highlights Dogecoin's ascending price channel, tracing its origins back to its 2015 inception by Billy Markus and Jackson Palmer. He observes a long-term upward trend, contingent on maintaining key support levels.

If #Dogecoin $DOGE holds above the $0.16 to $0.19 support, the path remains open for a potential move to $4! pic.twitter.com/8bCUiNQewQ— Ali (@ali_charts) March 2, 2025

Currently, the crucial support zone for Dogecoin lies between $0.16 and $0.19. Holding above this range could propel DOGE towards a price of $4.

This represents a substantial increase of approximately 1,900% from the current price. Such a surge would result in a market capitalization of roughly $575 billion, exceeding even Ethereum's (ETH) current market cap.

It's important to note this is a long-term projection. Dogecoin's all-time high of $0.74 was reached in 2021, after over six years of existence. While growth may accelerate, reaching $4 likely remains months, or even years, away.

For now, the market focuses on whether the $0.16-$0.19 support level will hold. Read original article on U.Today