Trader and analyst Ðima James Potts has issued an ambitious forecast for Dogecoin. Potts projects a potential year-end price of $11.65 for Dogecoin in 2025. Moreover, his analysis is rooted in historical price patterns observed during the fourth year of Dogecoin’s previous market cycles.
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Historical Patterns Suggest $11.65 Target for 2025
Potts’ analysis highlights recurring trends in Dogecoin’s fourth-year performance across previous market cycles.
Year four of the first cycle started at $0.00023 and ended at $0.00851, which is a 37x growth. Likewise, the fourth year of the second cycle began at $0.00460 and ended at $0.17064, attaining the same 37x rise.
According to Potts, if 2024 ends with Dogecoin priced around $0.315, history suggests that 2025 could close at $11.65—37 times the starting price. Potts emphasized that this projection reflects a year-end target rather than a potential peak price, implying additional upward movement during the year.
Read also: Expert Charts XRP’s Price Path to $8.67 – Here’s the Outlook
DOGE Price Analysis Indicates Potential for a Breakout
Analyzing the Dogecoin daily price chart on TradingView reveals a consolidation phase following a strong bullish rally in October and early November. DOGE trades around $0.3163.
During this period, Dogecoin climbed to approximately $0.50000 before retracing, entering a consolidation phase. Support is identified at $0.27500, near the lower Bollinger Band, while resistance lies at $0.36000, suggesting a critical trading range for potential price movements.
Reduced volatility is highlighted by narrowing Bollinger Bands, suggesting a potential breakout. Furthermore, a bullish long-term trend is reinforced by the 200-day EMA, which is presently at $0.22485 and offers solid support for the general upward trajectory.
Momentum indicators reflect a mixed outlook for Dogecoin’s immediate future. With its present value of 38.73, the RSI is getting close to oversold zone, suggesting a possible price reversal. In the meantime, the MACD indicates waning bearish momentum and the potential for a bullish crossover.
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