Analyst Says the Worst Is Over For Dogecoin, Predicts Rally To $0.8

Dogecoin is showing signs of a potential turnaround after a recent pullback, with analysts forecasting a rally to $0.8. The meme coin has gained momentum at the start of 2026, rising nearly 30% as institutional interest in DOGE ETFs rises. Analysts have noted increased trading volume, open interest, and bullish technical patterns as potential catalysts for the price move.

The recent drop to $0.11 has been viewed as a potential bottom for the asset, with some experts suggesting the worst may be over. This belief is supported by Dogecoin's return to a bullish market structure and the formation of key chart patterns. Additionally, the launch of the REX-Osprey DOGE ETF, the first U.S.-listed spot ETF for Dogecoin, has opened new avenues for institutional and retail investors.

Technical indicators also point to a potential rally. A golden cross pattern emerged on the Dogecoin hourly chart, suggesting that short-term momentum is overtaking long-term trends. This is typically viewed as a bullish sign, signaling the start of an upward trend.

Why the Move Happened

Trading volume for Dogecoin surged by 41.53% in the last 24 hours, hitting $1.55 billion. This spike in volume validates the likelihood of a price increase, as higher volume often precedes stronger trends. Retail traders and institutions are both contributing to the uptick in activity.

Open interest for Dogecoin has also increased by 7% to $1.52 billion. This metric reflects the amount of money committed to the coin's futures market and is often used to gauge investor sentiment. A rising open interest suggests that investors are anticipating a price rebound and are committing capital to support it.

How Markets Responded

The DOGE ETFs have seen significant inflows, with $2.30 million added on December 2 and $1.60 million on December 3. These are the first consecutive inflows since December 3, 2025. The increased demand for DOGE ETFs highlights growing institutional interest in the meme coin and reinforces the likelihood of further price appreciation.

Dogecoin’s price has increased by over 15% in the last seven days, according to data from CoinGecko. This performance outpaces many other cryptocurrencies and has led to speculation that Dogecoin could outperform the broader market in 2026. Analysts are also watching for signs of an altcoin season, which could further drive DOGE's price upward.

What Analysts Are Watching

Charting Guy, a crypto analyst, has shared a chart showing Dogecoin could rally to $0.2 at the start of February. After this initial move, the coin may experience a pullback to as low as $0.12 in March. This pattern is not uncommon for meme coins and could serve as a test of market sentiment ahead of a potential larger rally.

Longer-term projections are more bullish. Analysts have suggested that Dogecoin could trade sideways until mid-2028 before breaking out to $0.8. In some scenarios, the coin could even reach the psychological $1 level. This would mark a new all-time high for the asset and could attract additional retail and institutional investors.

The recent rally has also reignited interest in Dogecoin, with investors speculating on its potential for future growth. The coin's large and active community continues to play a key role in its market dynamics, with social media and online forums driving much of the discussion and sentiment.

Investors are also watching for regulatory developments, particularly around the approval of additional DOGE ETFs by major players like Bitwise and Grayscale. These approvals could further increase liquidity and accessibility for the coin, potentially driving demand and price higher.

Despite the bullish outlook, risks remain. The crypto market is known for its volatility, and Dogecoin is no exception. A sharp correction in the broader market or a drop in investor sentiment could lead to a reversal in the coin's trajectory. However, for now, the combination of strong technical signals and increased volume, and growing institutional interest suggests the worst for Dogecoin may indeed be over.