Dogecoin soared nearly 25% in the past 24 hours, reaching an intraday high of $0.48. Crypto analyst Ali Martinez predicts a bullish breakout to $0.82, suggesting DOGE could surpass its previous all-time high. The surge comes as altcoins gain momentum and Bitcoin approaches the $100,000 milestone.

Dogecoin Hits Intraday High Amid 25% Surge

The price of Dogecoin (DOGE), a cryptocurrency with a canine theme, reached an intraday high of $0.4807 on Saturday, a 25% increase from its previous day's trading session, U.Today reports.

As Bitcoin gets closer to the $100,000 mark, altcoins like Dogecoin have seen enormous rises, driving their prices to new highs.

Bullish Predictions Point to $0.82 Breakout

The crypto expert Ali Martinez recently tweeted his positive prediction for Dogecoin, writing, "Dogecoin DOGE is in the middle of a bullish breakout to $0.82."

Ali posted a Dogecoin chart that showed a triangular pattern with $0.82 as a possible breakthrough point.

The possibility for DOGE to achieve new all-time highs has been further boosted by this prediction. For Dogecoin to attain its $0.82 goal at its present price, its value would have to rise by roughly 42%.

Path to Surpassing All-Time Highs

If Dogecoin were to jump to $0.82, it would mean it has surpassed its previous all-time high of $0.7376, which was recorded on May 8, 2021. Dogecoin has fallen 36.11% from its all-time high of $0.737, although it has risen 23% in the previous 24 hours to $0.475, as of writing.

Despite this, Dogecoin has seen substantial gains over the past week and month, with data from CoinGecko showing gains of 27% and 245%, respectively.

Steady Climb Over the Past Three Days

The price of Dogecoin has been steadily climbing for the past three days, reaching a peak today. Today, Dogecoin's trading session produced a massive green candle as the price surged from $0.4 to $0.48, a level not witnessed since May 2021.

After a brief lull after reaching $0.439, the dog coin's price action resumed on November 21 when it continued to increase from a low of $0.369.

Bullish Momentum Fueled by RSI and Moving Averages

Buyers have the upper hand thanks to the rising moving averages and the overbought zone of the relative strength index (RSI). Dogecoin might reach $0.50 and then $0.59 if bulls manage to drive the price above $0.48. The present all-time highs of $0.73 and $0.82 might be approached with a further ascent.

If prices go down, we should expect to see support close to $0.33, then $0.29, and $0.25.