Here’s How High The Dogecoin Price Could Go If It Mirrors Past Bull Cycles

by

As a seasoned researcher with over two decades of experience in the dynamic world of cryptocurrencies, I find the recent predictions by analysts like Trader Tardigrade and Dima James about Dogecoin intriguing. While I’ve seen my fair share of market cycles, it’s always fascinating to observe how these digital assets evolve and adapt over time.

Cryptocurrency expert Trader Tardigrade shared an estimate of how high Dogecoin‘s price might climb if it follows its past bullish trends, given its recent surge that places it among the top 6 largest cryptocurrencies by market capitalization, based on its status as a popular meme coin.

How High The Dogecoin Price Could Rise

In a recent post on X, Trader Tardigrade stated that the price of Dogecoin is likely to follow past market trends and potentially reach significant heights. The crypto analyst suggested that Dogecoin could climb up to $8.7 by August 2025 if it mirrors its 2016 bull run’s price movement. Additionally, they mentioned that Dogecoin might surge as high as $30 by March 2025 if it follows the pattern of its 2021 bull run.

Here’s How High The Dogecoin Price Could Go If It Mirrors Past Bull Cycles

In the 2021 bull run, Dogecoin experienced a significantly larger increase in price compared to the one in 2016. If it repeats that kind of performance, it could potentially surge even more. However, mimicking the 2021 bull run would mean reaching its market peak faster within this cycle, as suggested by Trader Tardigrade.

Currently, a crypto analyst believes that the price trend of Dogecoin might resemble its 2021 bull run, as the bi-monthly RSI has climbed to levels comparable to 2020. If this happens, Dogecoin could potentially surge from its current value to around $30, which would be a staggering increase of about 10,000%. But remember, it’s also possible that the gains in this market cycle for Dogecoin could exceed this significant rise, as it has consistently outperformed during each successive bull run.

DOGE Set To Rally To $10

In a recent analysis on X platform, cryptocurrency expert Dima James predicted a potential Dogecoin price surge to $10. This prediction was based on his observation of an inverse head-and-shoulders pattern in Dogecoin’s past cycles, which historically has been followed by significant rallies. For instance, back in 2016 and 2021, the meme coin saw impressive gains of 3,300% and 12,000% respectively after breaking through key resistance levels.

According to the analyst’s prediction, a similar event is likely to occur again. He further emphasized that investors should prepare for substantial rises in the market, followed by significant drops, which could persist till 2025. Moreover, he suggested that an increase in trading activity would likely boost the price of Dogecoin as well.

Here’s How High The Dogecoin Price Could Go If It Mirrors Past Bull Cycles

According to an analyst’s supplementary graph, there is potential for the price of Dogecoin to surge and reach up to $36, surpassing Trader Tardigrade’s prediction, if it mirrors its 2021 bull market. Crypto expert Olivier also forecasted that Dogecoin could hit $32 during this bull run and suggested that a new record high was imminent within a few weeks.

As I write this, I’m observing that Dogecoin’s value hovers around $0.28, marking a significant increase of more than 23% within the past day, as per information from CoinMarketCap.

Here’s How High The Dogecoin Price Could Go If It Mirrors Past Bull Cycles

Read More

2024-11-11 14:11