"Dogecoin Eyes $0.28 Milestone on Path to New ATH"

Dogecoin's journey towards new all-time highs (ATHs) has analysts and investors alike keeping a close eye on the cryptocurrency's price action. One key milestone that has been identified as crucial for a potential breakout is the $0.28 price level.

Crypto analyst Dima Potts has provided insights into Dogecoin's current price trajectory, highlighting the significance of the $0.28 price level. In his analysis, Potts expects Dogecoin (DOGE) to move towards the $0.28 range, similar to the previous cycle. This range, according to Potts, marks the next major milestone for the foremost meme coin on its road to a new ATH.

Beyond this point, Potts anticipates an increase in volatility, with the Dogecoin price consolidating before heading towards new yearly highs and eventually its ATH. In the meantime, the analyst notes that the $0.25 price level continues to serve as a short-term support level for DOGE, mirroring the pattern observed in the 2017 cycle.

Earlier, Potts had revealed that a similar pattern to the one in the 2017 cycle was emerging for Dogecoin in this cycle. He believes that this pattern could enable DOGE to rally to as high as $10 in this cycle, mirroring its 2017 performance and potentially heading towards its all-time highs and beyond in the coming weeks.

Meanwhile, crypto analyst Kevin Capital recently highlighted the Dogecoin price's struggle to reclaim the $0.28 level. He noted that DOGE has failed to get above the macro golden pocket and weekly bull market support band, which is around the $0.28 range. In line with this, Kevin Capital suggests keeping a close watch on the Bitcoin price to see if the flagship crypto can help the foremost meme coin witness a bullish reversal soon.

Crypto analyst Trader Tardigrade has stated that the Dogecoin price has entered the "boring phase," with tight consolidation expected at the current level over the next few weeks before the massive DOGE rally. His accompanying chart shows that DOGE could rally above $1 when this rally happens.

At the time of writing, the Dogecoin price is trading at around $0.25, down in the last 2