According to a market expert, Dogecoin (DOGE) could see a massive price increase of up to 5,202% in the current bull cycle, with the best still yet to come.

Dogecoin's Historical Successes

Dogecoin emerged as one of the strongest performers at the start of the bull market in Q4 2023. Its price surged by 285% to $0.2288 by March 2024, followed by another 340% rise to a local high of $0.4843 in early December 2024.

Despite these gains, Dogecoin’s momentum appears to have cooled off recently. Meanwhile, Bitcoin (BTC) reached a new all-time high of $109,300. This week, Dogecoin dropped by 0.82%, even after Elon Musk launched a government efficiency initiative (DOGE) during President Donald Trump’s inauguration.

Expert Optimism: The Best is Yet to Come

Despite the recent decline, some analysts, including Zer0, remain confident in Dogecoin's potential for further growth. Zer0 claims that DOGE is still far from reaching its peak and that the price is currently in a preparatory phase for its next rally.

Historical Patterns Suggest Future Growth

Analysts base their optimism on historical price patterns observed with Dogecoin. Since 2016, DOGE has repeatedly followed a pattern of an initial surge, a subsequent pullback, and then a more significant second rally.

For instance, in 2017, Dogecoin first climbed to $0.00054, dropped by 25%, and then surged to $0.0187—a 9,226% increase. A similar pattern occurred during the 2020/2021 bull market when DOGE reached its all-time high of $0.74, representing a 30,693% rise.

Dogecoin 2W Chart | Zer0

New Target: $4.20

Zer0 predicts that Dogecoin will follow the same pattern this time as well. After hitting a local high of $0.4844 in December 2024, DOGE is experiencing the expected pullback, potentially setting the stage for a more substantial rally.

According to Zer0, this second wave of growth could drive Dogecoin’s price to $4.20, marking a new all-time high and a 5,202% increase from recent lows.

Market commentator Javier Santini shares a similar outlook. Although his prediction of the rally beginning at the end of December 2024 was off, he still believes that Dogecoin has the potential to reach $4.

Potential for Even Higher Levels

Other analysts, such as Trader Tardigrade, suggest that DOGE could go even higher, with a potential price of $30.

At the time of writing, Dogecoin is trading at $0.3515, holding support at $0.35, but it has dropped by 5.68% over the past 24 hours.


#DOGE , #memecoin🚀🚀🚀 , #priceprediction , #CryptoAnalysis , #MemeCommunity


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“