{"id":2460,"date":"2025-01-19T06:00:27","date_gmt":"2025-01-19T06:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/crypto-analyst-predicts-when-dogecoin-price-will-hit-3-this-cycle\/"},"modified":"2025-01-19T06:00:27","modified_gmt":"2025-01-19T06:00:27","slug":"crypto-analyst-predicts-when-dogecoin-price-will-hit-3-this-cycle","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/crypto-analyst-predicts-when-dogecoin-price-will-hit-3-this-cycle\/","title":{"rendered":"Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle"},"content":{"rendered":"

Dogecoin has cleared the $0.4 mark again after a few days of interesting price inflows that have caused its price to rebound notably from $0.31. This strong upward movement has allowed Dogecoin to reverse the price losses it incurred in the previous week. <\/p>\n

Furthermore, this recent rally has positioned Dogecoin back on track for further upward movement, and the next outlook is price targets to expect in the case of a continued rally henceforth.<\/p>\n

A technical analysis on the TradingView platform highlighted a compelling comparison between Dogecoin\u2019s current price movements and its historical patterns to predict a significant rally that could bring Dogecoin to $3 this cycle.\u00a0<\/p>\n

Dogecoin’s Consolidation Mirrors January 2021 Rally<\/strong><\/h2>\n

The technical analysis in question<\/a> looks at Dogecoin’s price action from a long-term perspective by analyzing formations on the weekly candlesticks. Interestingly, the weekly candlesticks show Dogecoin has been consolidating just below the $0.5 price level in a downward and upward movement throughout the past six weeks.\u00a0<\/p>\n

The analyst highlighted that Dogecoin\u2019s recent consolidation is almost an exact replica of a similar behavior above the 1-week moving average (MA50) in January 2021. This symmetrical positioning in time relative to the previous market cycle adds credibility to the argument that Dogecoin is following a cyclical pattern, which has been proposed by various analysts through multiple technical analyses. <\/p>\n

Back in 2021, the cryptocurrency transitioned from a period of accumulation to explosive growth, generating returns of over 3,600% from its bottom.<\/p>\n

Expanding on this cyclical pattern, the analyst highlighted another similarity in Dogecoin\u2019s price rally in Q4 2024. Dogecoin\u2019s price has risen by approximately 480% since its August 2024 bottom, a figure that matches the 480% increase observed during the November-December 2020 period. <\/p>\n

<\/p>\n

Following that initial phase 1 surge in 2020, Dogecoin entered a consolidation phase in January 2021 before starting phase 2 of its rally. The current consolidation, therefore, appears to mirror this historical sequence and lends voice to a prediction that Dogecoin may be on the verge of repeating its past performance<\/a>.<\/p>\n

Phase 2 Target: A Path To $3<\/b><\/h2>\n

Based on the historical precedent, the analyst anticipates that Dogecoin’s “Phase 2” could bring a rally of 3,600%, similar to the cycle observed in early 2021. In terms of a price target, the projection is a 3,600% increase from the August 2024 low, which would bring Dogecoin towards the $3 mark. The timeframe for this price target is as early as the next three weeks, though the analyst noted that it could occur much later than that.<\/p>\n

\"\"<\/p>\n

At the time of writing, Dogecoin is trading at $0.3947, although it recently traded at an intraday high of $0.4334. A move to $3 would represent a 777% increase from the current price.\u00a0<\/p>\n

Featured image from VOI, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin has cleared the $0.4 mark again after a few days of interesting price inflows that have caused its price to rebound notably from $0.31. This strong upward movement has allowed Dogecoin to reverse the price losses it incurred in the previous week. Furthermore, this recent rally has positioned Dogecoin back on track for further…<\/p>\n","protected":false},"author":1,"featured_media":2461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[12,254,63,65,160],"class_list":["post-2460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-altcoins","tag-cryptocurrency","tag-doge","tag-dogecoin","tag-meme-coins"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2460"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2461"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}