Dogecoin

James

Memecoin

<p>Dima James Potts noted a pivotal moment for Dogecoin (DOGE), indicating that the cryptocurrency’s price may rise significantly in the current cycle. The weekly chart reveals a steady upward trend since the green and red lines crossed in early September, marking a<a href="https://captainaltcoin.com/dogecoin-doge-price-could-resume-surge-to-new-all-time-high-as-familiar-bullish-pattern-reemerges/" target="_blank" rel="noopener noreferrer nofollow"> critical transition from a bearish to a bullish sentiment.</a></p>
<h2 class="wp-block-heading" id="key-observations-for-doge-memecoin-price">Key Observations for DOGE Memecoin Price</h2>
<p>The analysis categorizes Dogecoin’s price movements into four distinct cycle phases, each identified by colored numbers:</p>
<p><strong>Red (1</strong>): Bear Market/Downtrend<br><strong>Orange (2):</strong> Accumulation/Sideways Movement<br><strong>Yellow (3)</strong>: Small Upward Movement<br><strong>Green (4)</strong>: Bull Market/Top<br>This framework illustrates that Dogecoin has historically followed similar cycles: a downward phase, followed by accumulation, a slight upward movement, and ultimately, a bull run.</p>
<p>The recent price action suggests that Dogecoin is transitioning from the accumulation phase (orange) towards a potential upward trend (yellow). The formation of a wedge pattern may indicate an impending breakout. The crossing of the green and red lines signals what could be the final bottom, suggesting that the recent dip might represent <a href="https://www.investopedia.com/terms/b/bottom.asp" target="_blank" rel="noopener noreferrer nofollow">the lowest point, the final bottom, </a>before a significant upward trend.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-skeptical-sui-is-a-solana-killer-heres-what-needs-to-happen-for-sui-to-flip-sol/" target="_blank" rel="noopener noreferrer nofollow">Analyst Skeptical Sui is a ‘Solana Killer’ – Here’s What Needs to Happen for SUI to Flip SOL</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="532" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-1024x532.png" alt="" class="wp-image-571509" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-1024x532.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-300x156.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-767x399.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-1536x799.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-2048x1065.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-288x150.png 288w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-673x350.png 673w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897-788x409.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-897.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="future-projections-for-doge-price">Future Projections for DOGE Price</h2>
<p><a href="https://x.com/DimaPotts36/status/1849254777672056852?t=PsLECbcStkuW0p9_W38YbA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Dima James Potts</a> forecasts that Dogecoin could exceed $10, attributing this potential surge to increased adoption and the historical cycle patterns observed in the chart. While the outlook remains bullish, the analysis cautions investors about possible market corrections, which could range from 30% to 85% during the ascent to the next peak.</p>
<p>Such pullbacks have been common in previous cycles, and investors should be prepared for these fluctuations.</p>
<p>The analyst anticipates a notable peak around 2025 when substantial price gains could be realized. Although the chart hints at a high target—represented by the “36” mark ($36)—specific price predictions beyond this remain speculative.</p>
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<p>Going by his post, the analyst is particularly confident that <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> is going beyond the $10. The technical analysis shows $36 is a possibility and could be the logical target going by what has happened in the past.</p>
<h2 class="wp-block-heading" id="role-of-adoption">Role of Adoption</h2>
<p>The crypto analyst notes the importance of broader adoption as a key driver for Dogecoin’s potential success in this cycle. Increased acceptance and usage are expected to propel the price to new heights.</p>
<p>With historical patterns suggesting a significant bullish phase, the analysis encourages those predicting conservative targets, such as $1, to reconsider their forecasts based on the established trends.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-price-hits-final-bottom-technical-analysis-suggests-doge-could-surpass-10-this-cycle/" rel="noopener noreferrer nofollow">Dogecoin Price Hits ‘Final Bottom’: Technical Analysis Suggests DOGE Could Surpass $10 This Cycle</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Price Hits ‘Final Bottom’: Technical Analysis Suggests DOGE Could Surpass $10 This Cycle

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