How High Will The Dogecoin Price Be If Bitcoin Reaches $200,000?

Newsbtc2026/02/28 14:00

By:Newsbtc

Crypto analyst Sean Park has provided insights into how high the Dogecoin price could rise if Bitcoin reaches $200,000. This comes as DOGE continues to suffer massive selling pressure with BTC struggling to break key resistance levels.

Dogecoin Price Could Reach $2.50 If Bitcoin Rallies To $200,000

In an X post, Park shared an insight about how the Dogecoin price could rally to between $2 and $2.50 if Bitcoin reaches around $200,000. Furthermore, DOGE could reach between $4 and $4.20 if there is an adoption catalyst, such as major franchises adopting the foremost meme coin.

Meanwhile, the analyst also cited predictions that the Dogecoin price could gradually rally to $10 if BlackRock files for a DOGE ETF by the next presidential election. A potential BlackRock ETF could drive massive inflows into the Dogecoin ecosystem, leading to a parabolic rally. Bitwise, Grayscale, and 21Shares currently offer DOGE ETFs.

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However, these funds have seen little demand, which failed to positively impact the Dogecoin price. SoSoValue data shows that February 2 was the last time these funds recorded daily net inflows. They currently boast total net assets of $8.39 million, which represents 0.05% of DOGE’s market cap.

In terms of adoption, Elon Musk’s X is one of the major platforms where market participants speculate that DOGE could be integrated into the proposed X payments at some point. This is primarily because of Musk’s affinity for the foremost meme coin. Such a move could provide a major boost for the Dogecoin price as it would expand the meme coin’s utility.

How High Will The Dogecoin Price Be If Bitcoin Reaches $200,000? image 1

Bitcoin is now trading at $63,917. Chart: TradingView

In the meantime, the Dogecoin price continues to face significant selling pressure amid the downtrend in the broader crypto market, led by Bitcoin. BTC struggled to break above $70,000 earlier this week following its rally to this psychological level earlier this year, leading to another corrective move.

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A Breakout Is On The Horizon For DOGE

Crypto analyst Trader Tardigrade stated that a breakout for the Dogecoin price is coming with a contracting triangle loading. He noted that DOGE is squeezing tight between converging trendlines, with highs getting lower while lows are getting higher. The analyst added that a classic contracting triangle pattern is building up pressure.

How High Will The Dogecoin Price Be If Bitcoin Reaches $200,000? image 2

His accompanying chart showed that the Dogecoin price could rally to $0.16 by the start of next month. Trader Tarigrade is confident that this rally could happen, noting that this pattern typically resolves with a sharp breakout. He added that price is compressing, volume is dropping, and energy is strong, which could lead to a parabolic rally.

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At the time of writing, the Dogecoin price is trading at around $0.09313, down over 5% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Unsplash, chart from TradingView

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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