A recent technical analysis of the monthly Dogecoin price chart suggests that the meme coin could be preparing for another parabolic rally. Based on this outlook, a crypto analyst predicts that DOGE could hit a price target of $10 or more before the end of 2025.
Dogecoin Price Chart Shows Path To $10
According to X (formerly Twitter) crypto analyst Dima Potts, Dogecoin is apparently following patterns seen in previous 4-year cycles, where major price explosions occurred during the fourth year. Using this historical data, the analyst forecasts that the meme coin could hit a new price target above $10.
Sharing a monthly DOGE price chart using Heikin Ashi candlesticks, Potts highlights interesting patterns in Dogecoin’s past movements in 2017 and 2021. During these bull market periods, Dogecoin experienced parabolic rallies that saw its price surge as high as 37x from cycle lows.
Potts identifies an intriguing pattern in which DOGE spends years in accumulation before breaking out into a parabolic trend. The chart uses curved green and red lines to outline these accumulation and breakout phases.
The vertical green lines mark the points where this explosive move began, aligning closely with Bitcoin’s post-halving price rallies. Additionally, the purple boxes signify previous bull rallies, with each breakout indicating a clear move beyond the accumulation zone.
The white arrow and vertical green line in Potts’ chart analysis illustrate that Dogecoin is nearing the conclusion of its current cycle, suggesting that another parabolic breakout could occur soon. If history were to repeat itself, the analyst predicts that Dogecoin could achieve its next major breakout move in April 2025, maintaining this explosive growth throughout the remainder of the year.
If the meme coin follows its past 37x growth pattern, its price could culminate the daily candle on December 31, 2025, at an all-time high of $11.71. Potts emphasizes that $11.71 might not be the price peak of this market cycle, as each fourth year, Dogecoin has consistently delivered stronger price rallies.
The analyst points out that bullish elements such as heightened institutional interest, increasing global adoption, and technological advancements will be significant drivers of Dogecoin’s bullish performance this cycle.
Analyst Sees Demand Driving DOGE’s Next Rally
In other news, Ali Martinez, a notable crypto analyst on X, predicts that Dogecoin could be on the verge of a robust price rally if demand increases. Based on the chart, the DOGE price has been moving within an Ascending Channel since 2015.
While the lower boundary of this Ascending Channel acts as strong support, the mid-line serves as a key resistance zone, and the upper boundary signifies the potential peak of Dogecoin’s price movements.
Currently, DOGE has been respecting these key support and resistance levels by bouncing off the 0.618 Fibonacci level. However, the analysis suggests that a breakout above the 0.786 Fibonacci could trigger a rally towards the 1.0 Fibonacci level or beyond, aligning with a price range of $0.4 to $7.
