- Dogecoin’s 1,446-day cycle shows potential for a major rally, with projections hinting at a $36 peak by January 2025.
- Historical DOGE cycles delivered massive gains, with the first soaring 21,821% and the second an impressive 54,890%.
- A third DOGE cycle is underway, with strong chart support and resistance levels suggesting another breakout is on the horizon.
Dogecoin (DOGE) enthusiasts are excited about a compelling technical analysis suggesting a potential price surge by January 2025. According to Ðima James Potts, DOGE’s weekly chart highlights a recurring 1,446-day cycle of gains.
Historical data from two previous cycles reveals massive rallies, with each cycle surpassing the last in returns. Consequently, expectations for the third cycle’s peak are high, signaling the possibility of DOGE hitting unprecedented levels.
Understanding DOGE’s Cyclical Behavior
Dogecoin’s first cycle showcased a 21,821% gain from its bear market low to its peak. Besides, the second cycle recorded an even greater 54,890% surge, underscoring DOGE’s strong growth potential.
Each of these patterns featured a prolonged consolidation phase, forming a classic “cup and handle” structure before a dramatic breakout. These breakouts aligned with a white support line on the chart, driving prices toward new highs.
Moreover, the second cycle followed a similar timeline, marking another peak roughly 1,446 days after its previous low. Significantly, this cycle broke through key resistance levels, reaching an upward trajectory supported by green trendlines. This alignment strengthens the theory of a repeating pattern every four years.
What’s Next for DOGE?
The analysis suggests that DOGE is currently in the midst of its third cycle. If history repeats itself, a breakout is anticipated by January 2025. Furthermore, projections estimate the target price could reach as high as $36, a monumental leap from current levels.
Besides the timeline, DOGE’s chart indicates solid support from an upward-trending white line across all cycles. This primary support serves as a foundation for future rallies. Moreover, the presence of green and yellow resistance boundaries highlights the importance of breaking these levels for the next major surge.
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