According to cryptocurrency expert Trader Tardigrade, Dogecoin is showing signs of preparing for two major price increases.
The Hidden Bullish Divergence model on the DOGE chart indicates that the downtrend is weakening, paving the way for a strong increase.
Additionally, the RSI (Relative Strength Index) in the 4-hour timeframe also shows positive signals, forecasting that DOGE could reach price levels of 2 USD and 20 USD if history repeats itself like previous growth cycles.
Will DOGE peak in 2025?
Analyst Dima James Potts offers another perspective: DOGE may peak on January 19, 2025, based on a growth cycle lasting approximately 1,446 days from the bottom. In the two previous growth cycles, Dogecoin recorded extraordinary increases: 21,821% in the first cycle and 54,890% in the second cycle.
Potts predicts that the current cycle will be even larger, with a target price possibly reaching 36 USD, far exceeding previous peaks. A golden opportunity for investors?
In the context of the cryptocurrency market gradually recovering, Dogecoin may take advantage of this optimism to break through. With positive signals from technical indicators and growth cycle forecasts, this could be the ideal time for investors to monitor and consider.