Analyst Predicts $5 Target For Dogecoin Price If This Key Condition Triggers

Dogecoin's potential surge to $5 hinges on one critical market catalyst—and analysts are betting big on this meme coin's serious upside.

Breaking the meme ceiling

Forget the jokes—this projection puts Dogecoin in league with major digital assets. The $5 target represents a staggering climb from current levels, turning what started as internet fun into a heavyweight financial contender.

The trigger scenario

Market watchers point to specific conditions that could rocket DOGE past previous resistance zones. We're talking about a perfect storm of retail frenzy meeting institutional interest—because nothing says 'serious investment' like a cryptocurrency born from a Shiba Inu meme.

Why this time might be different

Previous rallies relied mostly on social media hype. This potential move factors in broader adoption metrics and payment integration developments that could finally give DOGE the fundamental backing it's always lacked.

Remember: in crypto, even the most absurd predictions sometimes come true—until they don't. Because if there's one thing Wall Street loves more than solid fundamentals, it's betting on internet jokes with enough leverage to make your broker nervous.

Dogecoin Price Eyes Rally To $5 If This Happens

In an X post, CryptoELITES stated that the target for the dogecoin price is $5 after a DOGE ETF launches. The analyst opined that a huge wave of institutional money is about to flow into meme coins very soon, with this money coming through the ETFs. Notably, REX-Osprey is launching the first Dogecoin ETF today. 

The REX-Osprey Dogecoin ETF will provide institutional investors with spot exposure to DOGE and could serve as a catalyst for a Dogecoin price rally to $5, as CryptoELITES predicts. New capital could flow into the DOGE ecosystem through this ETF, which would spark higher prices for the foremost meme coin. 

Furthermore, it is worth mentioning that more dogecoin ETFs could launch soon enough, especially with the SEC’s approval of generic listing standards, which help fast-track crypto ETF listings. Bloomberg analyst Eric Balchunas revealed that DOGE is one of the crypto assets that has futures on Coinbase, which makes it eligible for faster listing under the SEC’s new rule. 

Notably, Grayscale, Bitwise, and 21Shares have filed for a Doge ETF, and their respective funds could launch soon, which is bullish for the Dogecoin price. The launch of these other ETFs besides the REX-Osprey ETF means that more liquidity could flow into the meme coin’s ecosystem, although it remains to be seen if the $5 target is achieved. 

Meanwhile, CryptoELITES had also previously predicted that the Dogecoin price could reach $5 from a technical analysis perspective. The analyst cited DOGE’s historical cycles and the gains it recorded previously as the reason why the meme coin could reach this target. 

$10 DOGE Target Still In Place

Crypto analyst DOGECAPITAL has again reiterated his $10 target for the Dogecoin price in this cycle. He believes that the meme coin can reach and surpass this target based on historical trends. He noted that each cycle’s first year (2013, 2017, and 2021) has historically delivered the strongest gains. 

The analyst noted that in the current cycle, the pattern suggests that the Dogecoin price could be in for substantial upside this year if history repeats, although the yearly candle hasn’t closed yet. His accompanying chart showed that DOGE could even reach as high as $36 in this cycle. Meanwhile, DOGECAPITAL predicted that Dogecoin’s cycle could extend from the projected October cycle top if Bitcoin’s does. 

At the time of writing, the Dogecoin price is trading at around $0.28, up over 6% in the last 24 hours, according to data from CoinMarketCap.