Dogecoin (DOGE), the largest meme coin by market capitalization, could be on the verge of an unprecedented rally, according to market analyst Dima Potts. In a recent X post on Feb. 23, Potts projected a staggering 19,533% uptrend, citing historical cyclical patterns that have previously played out in Dogecoin’s market movements.
$DOGE $10+ DOGECOIN?! 🚀🚀
— ÐOGECAPITAL (@DimaPotts36) February 23, 2025
This daily chart of #DOGECOIN integrates several of my theories into one comprehensive view. First, the indicator at the top has consistently identified Dogecoin's cycle tops, marked by the red vertical lines within the "never miss zone" on the wave… pic.twitter.com/M57u8fJzEu
Dogecoin Eyes a Rebound from Key Support Zone
Dogecoin has struggled amid a broader market correction, falling over 52% from its December high of $0.4846. The token has posted significant retracements in five of the last six weeks, dampening investor sentiment. However, Potts remains bullish, asserting that DOGE is approaching a critical “never miss zone,” a historically significant support area that has preceded explosive breakouts in past market cycles.
Analyzing Dogecoin’s historical trends, Potts highlights a 1,442-day cyclical pattern, where each cycle lasts approximately 206 weeks. With the latest cycle now at 1,388 days, Potts suggests that Dogecoin is on the brink of entering the second phase of its parabolic expansion. If the trend holds, DOGE could witness a sharp recovery, initially surging by 1,636% to around $4.
Could Dogecoin Hit $45?
Potts’ ambitious projection doesn’t stop at $4. He foresees a brief retracement following the phase two pump, paving the way for a final surge to $45. His analysis shows that Dogecoin has historically crossed a critical resistance threshold, marked by a red vertical line, in previous cycles. Based on this historical precedent, Potts anticipates a repeat scenario that aligns with his ultimate price target.
Beyond technical indicators, Potts points to fundamental drivers such as increasing technological advancements, growing adoption, and potential institutional interest in Dogecoin. However, on-chain metrics tell a different story. Whale transactions have plummeted to record lows, with only 66 large transfers and approximately 60,000 active addresses per day.
Also Read: Dogecoin (DOGE) Nears Critical Support at $0.215 – Is a Rebound Coming?
For Dogecoin to regain bullish momentum and validate Potts’ predictions, the ecosystem must witness an uptick in whale activity and broader user engagement. As of now, DOGE trades at $0.2325, down over 4% in the last 24 hours, leaving investors eager to see if history will indeed repeat itself.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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