Dogecoin (DOGE) may have to endure a prolonged downtrend, followed by a price explosion starting from April 2025. This is according to the analysis of a user named Master Kenobi, who recently raised this interesting perspective in a tweet.

Master Kenobi has reviewed the price movements of Dogecoin in 2024, when the coin surged to a high of $0.23, before stagnating for several months before breaking out in the last months of 2025 to new yearly highs above $0.40.

If this price pattern repeats, it means that Dogecoin will fall into a stagnation phase until mid-April, before breaking back out around mid-next year.

Could the Dogecoin price surge happen sooner?

This is an interesting theory. But Dogecoin speculators will be pleased to know that the risks are heavily tilted towards Dogecoin's price rising much earlier than next April.

Why?

The Government Effectiveness Bureau (DOGE) has a humorous name, led by none other than Elon Musk (a longtime supporter of Dogecoin), is expected to officially appear in Washington in January.

Incoming U.S. President Donald Trump, who is said to have the most cryptocurrency-friendly administration in history, has tasked DOGE with reducing fraud and waste in government spending.

Musk has made an impact in Washington – his fierce criticism of Congress's recent spending bill has seen the bill cut down from over 1500 pages to just over 100 pages.

DOGE is expected to dominate the headlines in 2025, ensuring that Dogecoin will capture a significant market share in the cryptocurrency market.

This means that as the Trump campaign returns to push cryptocurrency prices higher, which could happen in the coming weeks, DOGE will be the top candidate likely to outperform.

However, chart analysis continues to point to downside risks for Dogecoin at the moment. At a price near $0.32, Dogecoin has fallen below the 21 and 50 DMA after a sharp price drop last week.

And DOGE has yet to retest the early 2024 high of $0.23, which will be the main target for the bears.

Chart analysis indicates that DOGE may decline in the short term. However, if it reaches a low of $0.20, it could be a great coin to buy as the price drops.

With the potential for Dogecoin to soar above $1.00 and achieve a 5x increase in this bull market, this is a strong candidate for the best cryptocurrency to buy right now.

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