Historical Data Shows How High DOGE Will Go This Bull Cycle
cryptocurrency analyst Dima James Once again raising the possibility of Dogecoin price rebounding above $10 during this market cycle. The cryptocurrency analyst pointed to historical data to show how high DOGE can go during this bull cycle.
How High Will Dogecoin Price Go In This Market Cycle?
in a X postsDima James shared a chart showing that Dogecoin price could reach as high as $80 during this market cycle. The analyst also predicted that Dogecoin’s Bike Top It could happen sometime between February 11 and May 7, 2025. The analyst cited historical data to explain why he is confident that Dogecoin can reach this goal.
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Analyzing the daily chart, the cryptocurrency analyst explained that the fourth year is usually the last year of each cycle and is when Dogecoin price peaks every time. He highlighted an indicator on the chart that accurately predicted every Bitcoin Top. The analyst noted that Dogecoin tends to peak three to four weeks after Bitcoin peaks.
In line with this, analysts predict that Dogecoin’s cycle top will occur sometime between February 11 and May 7. Meanwhile, discussing the four-year cycle more, Dima James noted that Dogecoin price outperformed in the third year of the cycle (2024) compared to the third year of the cycle. previous cycle (2016 and 2020).
He further reiterated his prediction that Dogecoin will hit $0.31 this year, marking the meme coin’s best performance in its third year to date. Year 4 has historically been the most important year for Dogecoin, and Dima James expects similar or even better results in 2025, with Dogecoin outperforming previous 4-year cycles. Analysts believe this will happen due to increased adoption and technological advancements.
DOGE has found a local bottom
In X post, crypto analyst tardigrade merchant Mentioned that Dogecoin price may have found a local bottom. Analysts explain that there is a dragonfly cross touching the Fibonacci level of 0.618 on the daily chart. He further stated that Dogecoin showing price rejection at this level indicates that a potential bottom has been found.
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this Cryptocurrency analysts recently mentioned The price of Dogecoin is stuck in a range. He predicted that a breakout of this range could push Dogecoin towards the psychological level of $1. In another X post, trader Tardigrade said that Dogecoin has entered a Gaussian channel on the daily chart.
The cryptocurrency analyst added that Dogecoin price has stopped its downward trend in the channel’s mid-band, highlighting the supportive nature of the Gaussian channel. In line with this, trader Tardigrade says Dogecoin is ready for a bullish reversal.
Dogecoin price is reportedly around $0.33 at the time of writing, up more than 12% in the past 24 hours data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
