Dogecoin is about to enter the third boom phase? Experts predict a sharp price increase after the decline
According to platform X expert Master Kenobi, Dogecoin (DOGE) may experience a period of price decline before a sharp increase, expected to start from April 2025. His analysis shows that DOGE spiked to a peak of around $0.23 in 2024, then leveled off and then broke out above $0.40 by the end of the year. If this pattern repeats, DOGE could decline until mid-April 2025 before rising again. However, the creation of the Elon Musk-led Division of Government Effectiveness (D.O.G.E) in January 2025 and President Trump's pro-cryptocurrency policy could cause DOGE to increase in price sooner than expected. While the current chart shows short-term downside risk, if the price drops to the $0.20 region, this could be a buying opportunity. Some other experts also predict an increase in Dogecoin's price, but the timing and extent of the increase are different. For example, one analyst predicts DOGE could reach $1.35 if RSI reaches September 2024 levels. However, it should be noted that these are just predictions and the cryptocurrency market is very volatile.