Dogecoin Mirrors 2023 Pattern as Analysts Eye $1.05 Price Target by March 2025

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Dogecoin's Golden Cross Signals Big Gains, Could $DOGE Surge to $3.16?

  • Dogecoin repeated a 2023 pattern, with late August stagnation followed by an October-December pump.
  • A 3X increase from current levels could take DOGE to $1.05, based on historical price movements.
  • Trading volume spiked during October 2024 and January 2025, aligning with price increases to $0.40 and $0.37.

Dogecoin (DOGE) is mirroring its price pattern from the previous year, showing striking similarities in movement. In both 2023 and 2024, a period of stagnation between late August and late October preceded a notable price surge beginning in October’s final days. This consistent repetition has sparked interest among analysts and traders.

Identical Sideways Zone Preceding the Pump

In both years, Master Kenobi observes that DOGE entered a sideways trading zone in late August, maintaining this trend for a similar duration. The 2024 pattern aligns with the conditions observed in 2023, where a lack of volatility preceded a significant breakout. Notably, the 2024 initial phase was stronger than its 2023 counterpart, indicating heightened market interest this year.

Source: Master Kenobi(X)

Following the 2024 sideways phase, a price pump started in late October and reached its peak in December. This timeline mirrors 2023’s movement, suggesting that the next phase of the pump is on track. Based on historical data, February’s early days are projected to witness the start of another significant surge, potentially concluding beyond March 1, 2025.

Dogecoin Potential Price Targets for the Next Pump

Given the identical initial conditions, a similar trajectory could lead to substantial price gains. A 3X increase from the current levels aligns with the previous year’s movement, placing DOGE at approximately $1.05. However, since the initial phase of 2024’s pump was stronger than in 2023, a higher magnitude of growth cannot be ruled out.

At the time of press, Coinglass data indicates that, during late October 2024, trading volume spiked, corresponding with a significant price increase above $0.40. After the surge, the price experienced corrections, stabilizing near $0.34 by January 2025. 

Source: Coinglass

Notably, trading volume saw another rise in January 2025, coinciding with another price uptick to $0.37. The highest recorded volume occurred during the October pump, reflecting strong market activity during that period.

The post Dogecoin Mirrors 2023 Pattern as Analysts Eye $1.05 Price Target by March 2025 appeared first on Cryptonewsland.

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