Coming Dogecoin Third Leap? Analyst Expects Massive Rise After Dip
Dogecoin (DOGE) may suffer for a while before exploding in April 2025.
Master Kenobi, an X user, tweeted this intriguing study.
Master Kenobi examined Dogecoin's price behavior in 2024, when it surged to $0.23 before languishing for months until breaking out in 2025 to new annual highs beyond $0.40.
If this price trend continues, Dogecoin may stagnate until mid-April before bursting out at the middle of next year.
Could Dogecoin Rally Soon?
Interesting theory. However, Dogecoin bulls will be thrilled to learn that risks favor a rise sooner than April.
Why?
Elon Musk, a longtime Dogecoin fan, will lead the satirical Department of Government Efficiency (D.O.G.E) in Washington in January.
DOGE has been ordered to eliminate government spending fraud and waste by incoming US President Donald Trump, the most pro-crypto administration ever.
Musk has an influence on Washington; his loud critiques of X of a recent Congressional funding measure reduced it from 1500 pages to 100.
If D.O.G.E dominates the news in 2025, Dogecoin will maintain its meme coin market dominance.
DOGE will certainly outperform when the Trump trade lifts crypto prices in the coming weeks.
For present, chart analysis suggests Dogecoin price declines.
Dogecoin slipped below its 21 and 50DMAs after its price decline last week, ending around $0.32.
Coming Dogecoin Third Leap?
DOGE has failed to retest its early 2024 highs of $0.23, a crucial bear goal.
Chart analysis implies DOGE may fall soon. If it falls to the low $0.20s, it may be a good purchase.
Dogecoin is a solid choice for best crypto to purchase today as it may rise over $1.0 and gain 5x this bull market.
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