Last Call for Dogecoin Under $0.40? Analyst Eyes $1 By End of January 2025

Prominent crypto trader “WSB Trader Rocko” asserts that Dogecoin is unlikely to trade below the $0.40 price point after now.

After weeks of uncertainty, things appear to be heating up again in the crypto market as the inauguration of President-elect Donald Trump nears. Amid the hype, investors are looking increasingly optimistic.

In the latest instance highlighting this, a highly followed market analyst has suggested that leading meme crypto Dogecoin (DOGE) could hit a long-coveted milestone in the next two weeks.

Last Chance to Buy Dogecoin (DOGE) Under $0.40?

Prominent crypto trader “WSB Trader Rocko” has whipped up excitement by asserting that Dogecoin is unlikely to trade below the $0.40 price point after now.

“Last Chance to buy DOGE below $0.40,” the trader enthused in an X post on Thursday, December 16.

WSB Trader Rocko expressed this view as they asserted that DOGE had a 60% chance of hitting the long-coveted $1 price point by the end of January 2025.

The analyst based this optimism on a double-bottom formation on the doggy-themed meme coin’s daily candle chart. They believe this formation has two potential targets: the first above the asset’s $0.73 all-time high and the second at the $1 price point.

Beyond the chart, WSB Trader Rocko tipped Dogecoin enthusiast and Tesla CEO Elon Musk as a catalyst for the move through his involvement with the Donald Trump-proposed Department of Government Efficiency. The billionaire has seemingly tied the fortunes of the meme coin to the task force by nicknaming the latter D.O.G.E.

On Thursday, prominent crypto analyst Ali Martinez also suggested that Dogecoin could kick off the second leg of its parabolic run as soon as next week, citing its price action in the 2021 bull market. The rally will also align with President-elect Donald Trump’s inauguration.

Ali Martinez has previously predicted that DOGE could soar as high as the $23 price point in the current market cycle.

At the time of writing, however, DOGE continues to trade below $0.40 at $0.3858, up nearly about 2% in the past 24 hours, per CoinMarketCap data, but still a long way off the meteoric targets set by analysts.