The cyclical Dogecoin price patterns continue to point towards bullish price targets despite the extended consolidation and correction in the past two weeks. Interestingly, technical analysis suggests these bullish price targets are expected to play out over multiple weeks and months, making them more of longer-term predictions against the current short-term bearish price action.
According to technical analysis from crypto analyst Dima James Potts, Dogecoin could experience a 3,700% surge and reach $11.65 by the end of 2025. This projection stems from an analysis of the historical trend of Dogecoin’s performance during year-four cycles within its monthly timeframe charts.
Historical Cyle Suggests Parabolic Surge For Dogecoin Price
Taking to social media platform X to share the technical outlook, crypto analyst Dima James Potts worked on the Dogecoin price chart on the monthly timeframe. According to the analyst, Dogecoin is currently in a third cycle that is known to play out over the course of four years. Notably, these cycles have always culminated in a crazy Dogecoin price surge in the fourth year.
Highlighting the coin’s performance during the fourth year of each major cycle, Potts noted two instances of remarkable growth. During the first cycle, Dogecoin’s year-four opened at $0.00023 and closed at $0.00851, marking a 37x increase. In the second cycle, year-four opened at $0.00460 and ended at $0.17064, once again delivering a 37x gain. These fourth-year rallies are highlighted in purple candlestick bars, as shown in the graph below.
As it stands, Dogecoin is about to transition into the fourth year of this pattern. Using this pattern as a basis, Potts projects that the upcoming fourth year of Dogecoin’s current cycle, which is set to begin in 2025, could follow a similar trajectory.
2025 As A Pivotal Year For Dogecoin
With 2024 drawing to a close, crypto market participants are now looking towards what 2025 has to offer, with the general prediction being a bullish trajectory for most of the year. According to Dima James Potts, Dogecoin is on track to re-enact another 37x surge in 2025 as a repetition of the fourth-year part of its cyclical pattern. As such, Potts noted that should the closing price of 2024 be around $0.315, a 37x increase could result in a year-end price of approximately $11.65 in 2025.
Potts emphasizes that the $11.65 prediction is a conservative year-end estimate rather than a peak price, suggesting that Dogecoin could potentially surpass this target at some point during 2025.
At the time of writing, Dogecoin is trading at $0.312, and the $11.65 target is more than 3,500% away. Interestingly, another technical analysis from crypto analyst Javon Marks also supports this outlook regarding Dogecoin’s cyclical pattern. According to him, Dogecoin is currently in its third cycle and is gearing up to break into new all-time highs by 2025.
Featured image created with Dall.E, chart from Tradingview.com
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