Crypto expert Dima James has shared insights on the future of the Dogecoin price after the meme coin’s recent increase, reaching its highest point since July. According to his forecast, DOGE’s upward momentum is likely to persist into the next year, potentially allowing it to soar to $10.
Dogecoin Price Recovery Expected Through 2025
Dima James noted in a post on X that the Dogecoin price recovery is set to last through 2025. He suggested that the DOGE low has already occurred and that market participants shouldn’t anticipate the meme coin to drop below $0.10 again, as seen in previous cycles.
However, the analyst cautioned that considerable pullbacks could arise as Dogecoin’s price ascends. Dima James highlighted that past cycles have seen DOGE experience 30-85% declines en route to the ultimate peak during those bull markets.
He predicts that the market peak for the Dogecoin bull run will happen in 2025. The analyst emphasized that increased adoption of DOGE will play a vital role in driving the Dogecoin price to new heights in this cycle. Interestingly, James is optimistic that the leading meme coin could reach and exceed $10 at the climax of this market cycle.
The analyst’s accompanying chart indicated that Dogecoin price might even surge to $36. James’ conclusions are based on historical price movements, particularly during the 2021 bull run. He asserted that DOGE is mirroring the price trajectory since breaking above the upper trendline of a falling wedge in September and has embarked on an upward trajectory, much like what occurred in 2021.
The breakout above the upper trendline in 2021 ultimately led to the parabolic increase in the Dogecoin price to its current all-time high (ATH) of $0.73. Hence, the meme coin could witness another substantial price rally, propelling it to a new ATH.
DOGE Poised For Next Upsurge
Self-proclaimed Dogecoin lead analyst on X, Kevin Capital stated in an X post that DOGE is robust and destined for a significant rise very soon. He recently assured that the price drop following the Dogecoin price surge to $0.14 was merely a healthy correction.
He further noted that as long as the meme coin remains above $0.127, which is considered the macro golden pocket, market participants can feel confident about the pullback and anticipate renewed buying activity. In another post on X, Kevin suggested that Dogecoin could steer this bull run. He explained that the meme coin is adored by retail investors, with even those who are non-crypto enthusiasts holding some.
Consequently, he believes that when these investors return, it will signal that the bull run is fully underway.
As of now, the Dogecoin price is trading around $0.13, reflecting an increase of over 1% in the past 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
