Crypto analyst Crypto Jack has raised the chances that Dogecoin Price could trend towards a new All-Time High (ATH). He also disclosed the next significant resistance level that the original meme coin needs to surpass as it aims for these new peaks.

In xPost Crypto Jack pointed out $0.5696 as the next crucial resistance while Dogecoin Price attempts a rally towards new highs. He noted that Doge is moving within ascending channels, with crucial Fibonacci levels serving as support and resistance. Analysts indicated that support lies at $0.1, and the primary resistance is at $0.5696.

Crypto Jack affirmed that breakouts from key resistance levels could trigger substantial rallies, implying that Dogecoin prices may reach a new peak during this movement. His accompanying charts illustrated that Doge has the potential to hit $2.7, given that there is no considerable resistance ahead once it surpasses $0.5696.

Crypto analyst Cryptoelites recently forecasted that Dogecoin's price might be, echoing similar beliefs. I'll see it reaching $2.7. This prediction emerged as he stated that Doge is expected to reach $2 by at least the close of April or May. Analyst Alimun also suggested that Doge Price could go beyond $2 as Dogecoin escapes the prolonged downward triangle.

On the other hand, crypto analyst Master Kenobi expressed a more moderate projection, stating that Dogecoin prices might reach $1.1 by June. He insinuated a bullish pattern stemming from Doge's 2017 bull run, thinking that this target could be achieved in the latter phase of the bull run during this cycle.

In his recent evaluation, Crypto Analyst Ali Martinez reiterated that it is crucial decision time for Dogecoin price. His supporting charts illustrated that the first meme coin is currently positioned at the lower boundary of the ascending channel.

If it falls below the $0.17 support level, it could trigger a significant decline for the first meme coin. Conversely, if it manages to hold this level, a rebound to levels above $3 or $16 in the mid-range of the channel is possible.

Crypto analyst Trader’s Lateness expressed optimism that Dogecoin Price will bounce back from its current level. In a message on X, he claimed that Doge’s time is approaching. He highlighted the Doge/BTC chart, which reportedly exhibited a similar pattern of a final dip prior to a bullish reversal.

As of the current moment, Dogecoin's price is around $0.169, reflecting an increase of over 3% in the last 24 hours. data from CoinMarketCap.

Images and charts sourced from tradingView.com