Crypto analyst Dima James has increased the possibility of Dogecoin price above $10 in this market cycle. The crypto analyst cited historical data to show how high DOGE could go in this bull cycle.
How high could the price of Dogecoin go in this market cycle
In the X postDima James shared a chart that showed the price of Dogecoin could reach as high as $80 in this market cycle. The analyst also expected the bike top for Dogecoin This could happen sometime between February 11 and May 7, 2025. The analyst cited historical data to explain why he is confident that Dogecoin would reach this target.
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Analyzing the daily chart, the crypto analyst explained that year 4 is usually the last year of each cycle, and that is when the price of Dogecoin has increased each time. He marked a mark on the card that has correctly predicted all of them Bitcoin ceiling. The analyst noted that Dogecoin tends to peak three to four weeks after Bitcoin reaches its peak.
Accordingly, the analyst expects the cycle top for Dogecoin to occur sometime between February 11 and May 7. At the same time, speaking about the additional four-year cycle, Dima James noted that the price of Dogecoin had an amazing performance in this cycle of year 3 (2024) compared to the year 3s of the a year previous cycles (2016 and 2020).
He also confirmed his prediction that the Dogecoin price will end this year at $0.31, marking the meme coin's best 3-year performance to date. Year 4 has historically been the most significant year for Dogecoin, and Dima James predicts a similar or even greater result in 2025, with Dogecoin outperforming the previous year 4 cycle performances . The analyst believes this will happen due to increased adoption and technological advancements.
DOGE has found a local coin
In post X, crypto analyst Commercial Tardigrade announced that the price of Dogecoin may have found a local base. The analysis explained that the Doji Dragonfly is hitting the Fibonacci level of 0.618 on the daily chart. He also noted that DOGE is showing price rejection at this level indicating a possible bottom has been found.
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The recently announced crypto analyst The free Dogecoin market is undergoing major change here. He predicted that a break above this range could send Dogecoin to the psychological level of $1. In another X post, Trader Tardigrade said that Dogecoin had entered the Gaussian channel on the daily chart.
The crypto analyst said that the price of Dogecoin has stopped the decline at the middle band of the channel, highlighting the supportive nature of the Gaussian Channel. Accordingly, Trader Tardigrade suggested that Dogecoin is ready for a reversal.
At the time of writing, the price of Dogecoin is trading at around $0.33, up more than 12% in the last 24 hours, according to data from CoinMarketCap.
Featured image created by Dall.E, chart from Tradingview.com
