Dogecoin (DOGE) has faced a period of stagnation in 2025, as cryptocurrency investors shift their attention to newly minted meme coins tied to Donald Trump and Melania Trump. Despite the lack of significant movement this year, experts highlight technical patterns that suggest Dogecoin could see substantial gains in the long term.
Fibonacci Retracement Levels Indicate Potential Surge
A popular analyst on X, known as Surf on X, recently shared a prediction using Fibonacci Retracement levels. These levels are based on the Fibonacci sequence, a mathematical pattern often applied in trading. Surf suggests that DOGE could ultimately surge to near $10, signaling a potential 2,300% increase from its current price. If this happens, the market cap of Dogecoin could rise dramatically from $54 billion to over $1.3 trillion. Fibonacci levels are widely respected in technical analysis, and such predictions add to the optimism surrounding DOGE’s long-term outlook.
Just gonna drop this here. $DOGE pic.twitter.com/n6r3Ju3grK
— Surf (@_CryptoSurf) January 20, 2025
Short-Term Targets Point to Growth
In another analysis on X, an expert focused on Dogecoin’s two-week chart, pointing out its consistent trend of higher highs and higher lows since 2016. DOGE has historically shown explosive growth, surging by over 9,225% from 2016 to 2018, and more than 30,000% from 2020 to 2021, particularly driven by Elon Musk’s endorsement. Following a 770% rise from its 2022 lows, the analyst believes the next bull run could push Dogecoin’s price to at least $4.2 in the near term.
Bullish Channel and Long-Term Prospects
Crypto expert Ali Martinez sees additional room for DOGE to grow. He highlights the coin’s formation of an ascending channel since 2017, suggesting it is now approaching the middle line. If DOGE crosses this level, Martinez predicts the price could exceed $15 in the long term, marking a 4,000% gain. This prediction hinges on potential regulatory approval of a spot DOGE ETF and a broader crypto bull market.
Looking at the technical chart, Dogecoin is currently consolidating after a parabolic rise in November, forming a bullish pennant pattern. Resistance at $0.4837 and support at $0.2635 will be critical in determining whether the coin’s bullish momentum continues. A breakout above resistance could signal the start of a new price rally.
In conclusion, while Dogecoin’s price remains relatively flat, analysts see potential for significant long-term growth based on Fibonacci levels, bullish patterns, and broader market trends.
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.
About The Author
