Dogecoin Price Above $10: Historical Data Shows How High DOGE Will Go This Bull Cycle

by

As a seasoned researcher with over two decades of experience in the financial markets, I’ve seen my fair share of bullish and bearish cycles. However, the predictions made by Dima James and Trader Tardigrade regarding Dogecoin (DOGE) have piqued my interest.

Crypto expert Dima James once more suggests that Dogecoin’s value might surge past $10 during this market trend, citing historical data as evidence of its potential peak in the current bull run.

How High Dogecoin Price Could Go In This Market Cycle

In a recent post on X, Dima James published a graph suggesting the potential Dogecoin price might peak at $80 during this market trend. Furthermore, the expert suggested the possible Dogecoin market peak could occur anywhere from February 11th to May 7th, 2025. The analyst’s confidence in reaching this goal stems from analyzing past trends and data.

As I delve into the daily analysis of the cryptocurrency market, it’s clear that the fourth year is often the culmination of each cycle for Dogecoin. Every time, it has reached its highest point during this phase. I drew attention to a specific indicator on the chart, which has been remarkably accurate in predicting every single Bitcoin peak. Notably, Dogecoin tends to peak around three to four weeks after Bitcoin achieves its maximum value.

As a researcher delving into the trends of Dogecoin, I anticipate that its peak will occur somewhere between February 11th and May 7th. Expanding on this four-year cycle, Dima James pointed out an exceptional growth in Dogecoin’s price during the third year (2024) compared to the same periods of the cycles in 2016 and 2020.

He further reaffirmed his prediction that the Dogecoin price will finish this year at $0.31, marking the meme coin’s best year 3 performance to date. Year 4 has historically been the most significant year for Dogecoin, and Dima James expects a similar or even greater result in 2025, with Dogecoin outperforming its previous year 4 cycle performances. The analyst believes this will happen due to increased adoption and technological advancements. 

DOGE Has Found A Local Bottom

In a recent post on X, crypto expert Trader Tardigrade suggested that the Dogecoin price might have hit its current local minimum. He elaborated that a Doji Dragonfly is appearing near the Fibonacci ratio of 0.618 on the daily chart, and the fact that Dogecoin’s price has been rejected at this level suggests it could be a sign of a potential bottom having formed.

The crypto analyst recently mentioned that the Dogecoin price was stuck in a range. He predicted that a break above this range could send Dogecoin to the $1 psychological level. In another X post, Trader Tardigrade stated that Dogecoin had entered the Gaussian channel on the daily chart. 

As a researcher examining cryptocurrency trends, I’ve observed an interesting development: The downtrend of Dogecoin has seemingly paused at the mid-band of its Gaussian Channel, indicating a potentially supportive environment for this digital coin. In accordance with this observation, Trader Tardigrade posits that we might be on the verge of a bullish reversal for Dogecoin.

Currently, the value of Dogecoin stands approximately at $0.33, marking an increase of more than 12% within the past 24 hours, as indicated by information from CoinMarketCap.

Read More

2024-12-22 04:34