Dogecoin Price Above $10: Historical Data Shows How High Will DOGE Increase During the Bull Run?

Cryptocurrency analyst Dima James once again raised the possibility of Dogecoin's price increasing by over 10 dollars in this market cycle. The cryptocurrency analyst referred to historical data to demonstrate how high DOGE could rise in this bullish cycle. How High Can Dogecoin Price Go in This Market Cycle In the post on X, Dima James shared a chart showing that the price of Dogecoin could reach as high as $80 in this market cycle. The analyst also predicts that the peak of the Dogecoin cycle could occur sometime between February 11 and May 7, 2025. The analyst has hinted at historical data to explain why he believes Dogecoin could achieve this goal.

Analyzing daily chart, cryptocurrency analyst explained that the 4th year is usually the last year of each cycle, which is the time Dogecoin reaches its peak price. He highlighted an indicator on the chart that accurately predicted every Bitcoin peak. The analyst noted that Dogecoin tends to reach its peak three to four weeks after Bitcoin reaches its peak. In line with this, analysts predict that the peak of the Dogecoin cycle will occur sometime between February 11 and May 7. In further discussion about the four-year cycle, Dima James noted that Dogecoin has performed impressively in the third year of this cycle (2024) compared to the third year of previous cycles (2016 and 2020). He continues to reaffirm his prediction that the price of Dogecoin will end this year at $0.31, marking the third best performance of this meme coin to date. The fourth year traditionally is the most important year for Dogecoin, and Dima James expects a similar or even bigger result in 2025, with Dogecoin outperforming the performance of the previous fourth-year cycle. Analysts believe this will happen due to increased adoption and technological advancements. In a post on X, cryptocurrency analyst Trader Tardigrade mentioned that the price of Dogecoin may have found a local bottom. The analyst explained that there is a Doji Dragonfly touching the Fibonacci level of 0.618 on the daily chart. He further noted that DOGE's price rejection at this level indicates a potential bottom has been found.

Recent cryptocurrency analysts have mentioned that the price of Dogecoin is stuck within a range. He predicts that breaking out of this range could push Dogecoin to the psychological level of $1. In another post by X, Trader Tardigrade declares that Dogecoin has entered the Gaussian channel on the daily chart. Cryptocurrency analyst also added that Dogecoin's price has halted its downward trend at the middle range of the channel, highlighting the supportive nature of the Gaussian Channel. In line with this, Trader Tardigrade believes Dogecoin is ready for a price reversal.

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