Crypto analyst Dima James gave an update on what to expect from Dogecoin price following the recent meme character’s rise to its highest level since July. Based on his analysis, the upward trend of DOGE will continue until the new year, leading to a major increase of up to $10.
The Dogecoin Price Recovery Trend Will Continue in 2025
Dima James stated in the X post that Dogecoin’s price recovery trend will continue until 2025. He indicated that the DOGE floor already exists and that market participants will not see it meme coin click below $0.10 again as in previous cycles.
However, the analyst warned that there will be big problems as the price of Dogecoin climbs higher. Dima James noted that in previous cycles, DOGE saw 30-85% pullbacks on the way to the top end. those bulls are running.
He believes that the Dogecoin bull market will occur in 2015. The analyst said the adoption of DOGE will be key to driving Dogecoin’s value to new highs this cycle. Interestingly, James is confident that the premium meme coin can reach again more than $10 at the peak of this market cycle.
The chart accompanying the analyst indicated that the price of Dogecoin could rise to $36. James’ analysis is based on historical patterns, especially the 2021 bull run. He said that the DOGE has been repeating the price action since it broke above the upper line of the falling wedge in September and has started its upward trend, similar to what will happen in 2021.
A break above the upper line in 2021 has finally led to Dogecoin’s price rally to date. all time high (ATH) cost 0.73 $. Therefore, the meme coin could once again see another big price increase, taking it to a new ATH.
DOGE Is Ready For The Next Leg
A leading Dogecoin analyst who calls himself X, Kevin Capital wanted in X post that DOGE is strong and going up a lot soon. Before, now, he confirmed that the price drop which Dogecoin price proven after its rise to $0.14 was a health reversal.
He added that as long as the meme coin is above $0.127 which is a huge gold packet, market participants can be confident in the pullback and expect buyers to intervene. Dogecoin can lead this bull run. He explained that the meme coin is a “selling darling” as even non-crypto natives have some of them.
Therefore, he believes that when they come back, that’s when market participants will know that run the bull is in full gear.
At the time of writing, the price of Dogecoin is trading at around $0.13, up more than 1% in the last 24 hours, according to the report. data from CoinMarketCap.
The featured image was created with Dall.E, a chart from Tradingview.com
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