Despite Dogecoin facing heightened volatility in the past few weeks after a surge to a yearly high, it is still one of the best-performing crypto assets in the ongoing market cycle. With the recent rally in November, DOGE has managed to maintain its position as the 7th largest digital asset by market cap.
A Major Rally To Cycle Top Incoming For Dogecoin
As Dogecoin begins to gain traction, Dima James Potts, a market expert and investor, has predicted a bullish future for the dog-themed meme coin into 2025. In his analysis, Dima James Potts highlighted past price behaviors that hint at a possible cycle top within the year.
The expert’s forecast, which he labeled the Year 4 end prediction in 2025 DOGE, could follow a trajectory of steady growth seen in previous cycles marked by notable rallies, culminating in a remarkable peak.
Addressing the DOGE’s price action on the weekly time frame, the expert highlighted that every line is set and mathematically calculated. Drawing a comparison with past trends, James Potts has indicated each cycle top by a red line, as seen in his chart. Meanwhile, the line above the red one indicates the precise top in the preceding Year 4 cycles between 2017 and 2021.
Should past trends repeat, James Potts is confident that this pattern will reoccur in 2025 with price hitting at least the red line, noting that Year 4 for this current cycle has officially begun on Wednesday.
It is worth noting that Dogecoin increased precisely 37x from the beginning of Year 4 and the end of that year, as observed from 2017 to 2021. Having started this new Year 4 at $0.31660, the analyst expects DOGE to rally to about $11.71 by the end of 2025 if historic trends rhyme.
Furthermore, the red line for Year 4 this year starts at about $23 and rises over time, whereas the line above it begins at the $36 level, which also rises with time. Thus far, James Potts claims crypto enthusiasts can start anticipating this cycle’s peak based on when Dogecoin crosses this red line.
With growing adoption and renewed market interest, DOGE could gather enough momentum to undergo its next major rally as analysts foresee a path to a new peak. In the meantime, James Potts has underscored his commitment to offering more insights on the trend as these targets increase with time.
Bullish Momentum And Sentiment Building For DOGE
The New Year appears to have reignited bullish momentum in the general market as DOGE experiences notable gains. Recent price action shows robust strength for extended growth as Dogecoin breaks crucial resistance levels.
CoinMarketCap reveals that the meme coin has surged by over 8% in the last 24 hours. This renewed uptrend has positively influenced investors’ sentiment, triggering significant inflows into Dogecoin. DOGE has recorded a more than 8% and 36% increase in its market cap and trading volume, respectively, in the past day.
