The cyclical patterns of Dogecoin’s price continue to indicate bullish targets despite recent consolidation and corrections. Technical analysis suggests that these bullish targets are expected to unfold over several weeks and months, making them longer-term predictions compared to the current short-term bearish price action.
According to crypto analyst Dima James Potts, Dogecoin could experience a 3,700% surge and reach $11.65 by the end of 2025. This projection is based on an analysis of Dogecoin’s historical performance during year-four cycles within its monthly timeframe charts.
Dima James Potts shared his technical analysis on social media platform X, focusing on Dogecoin’s price chart on the monthly timeframe. He pointed out that Dogecoin is currently in a third cycle that typically spans four years, culminating in a significant price surge in the fourth year. Potts highlighted two instances of remarkable growth during the fourth year of each major cycle, with gains of 37x in both cases.
As Dogecoin is approaching the fourth year of its current cycle, set to begin in 2025, Potts projects a similar trajectory based on historical patterns. He predicts that if the closing price of 2024 is around $0.315, a 37x increase could lead to a year-end price of approximately $11.65 in 2025. Potts notes that this $11.65 prediction is a conservative estimate, suggesting that Dogecoin could potentially surpass this target during the year.
At the time of writing, Dogecoin is trading at $0.312, with the $11.65 target more than 3,500% away. Another technical analysis from crypto analyst Javon Marks also supports this outlook, indicating that Dogecoin is in its third cycle and poised to reach new all-time highs by 2025.
Overall, market participants are looking towards 2025 with optimism, expecting a bullish trajectory for Dogecoin throughout the year. Both Potts and Marks highlight the potential for significant price surges based on Dogecoin’s cyclical patterns, reinforcing the long-term bullish outlook for the cryptocurrency.
In conclusion, the historical cycle of Dogecoin’s price suggests a parabolic surge in 2025, with price targets indicating substantial gains over the coming years. While these predictions are based on technical analysis and historical data, they provide insights into the potential growth opportunities for Dogecoin investors in the future.
