Third Dogecoin Jump Ahead? Analyst Expects Huge Upside After Drop
Dogecoin (DOGE) Could Suffer for a While Before Exploding in April 2025.
X user Master Kenobi tweeted this intriguing study.
Master Kenobi looked at Dogecoin’s price behavior in 2024, when it spiked to $0.23 before languishing for months until waking up in 2025 to new yearly highs above $0.40.
If this price trend continues, Dogecoin could stagnate until mid-April before exploding mid-next year.
Could Dogecoin Rally Soon?
Interesting theory. However, Dogecoin bulls will be pleased to learn that the risks favor an upside 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 fraud and waste in government spending by incoming US President Donald Trump, the most pro-crypto administration ever.
Musk has influence in Washington; his harsh criticism of X regarding a recent congressional funding measure reduced it from 1,500 pages to 100.
If D.O.G.E dominates the news in 2025, Dogecoin will maintain its dominance in the meme coin market.
DOGE will certainly outperform when Trump’s trade sends crypto prices soaring in the coming weeks.
For now, chart analysis suggests price declines for Dogecoin.
Dogecoin has fallen below its 21 and 50 DMAs after its price drop last week, ending around $0.32.
Third Dogecoin Jump Ahead?
DOGE Fails to Retest Early 2024 Highs of $0.23, a Crucial Downside Target.
