Dogecoin : Analysis of Past Trends and Why 15x Rally Is Possible

The cryptocurrency market has been consolidating for the past week, with Bitcoin and Dogecoin corrections. Bitcoin fell toward $93,000 after reaching an all-time high of $108,135 on December 17. Dogecoin has also fallen from its recent highs at $0.48 to slightly about $0.30.

A link between both cryptocurrencies suggests Dogecoin will rise above $5 in the next months, according to technical research.

An 800-Day Trend Supports Dogecoin's Correlation With Bitcoin
Dogecoin and Bitcoin have one of the strongest relationships, especially during market cycle transitions. Bitcoin has led crypto market inflows and outflows, while Dogecoin has followed its price movements.


A crypto expert on social media site X noted that these patterns typically go beyond price changes. The number of days between Bitcoin's cyclical bottoms and Dogecoin's peaks has a pattern.

Technical research demonstrates a similar 800-day pattern between Bitcoin's bottom and Dogecoin's next significant peak. This notion has strong historical evidence. This pattern first appeared in 2017, when Dogecoin peaked 868 days after Bitcoin's 2015 bear phase low. The 2021 bull surge saw Dogecoin reach its all-time high of $0.7316 875 days after Bitcoin's 2019 bottom.

The current market cycle appears similar. After a long bear market in 2022 and early 2023, Bitcoin bottomed at $15,422 in the first part of 2023. After that, Bitcoin rose in the second half of 2023 and throughout 2024.

Considering the 800-day trend, Dogecoin's next significant peak may occur 800 days after Bitcoin's 2023 low. This prediction puts Dogecoin's peak around March or April 2024. In terms of price targets, Dogecoin seems good. Historical price performance and past rallies suggest Dogecoin will reach $5 around the forecasted period.

Dogecoin is at $0.32, down 1.8% in 24 hours. If this pattern continues, Dogecoin's price might rise 1,460% to new highs.

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