Dogecoin (DOGE) has had a turbulent ride recently, but its future looks increasingly bullish, with experts predicting a potential surge toward $1. Despite closing 2024 with a staggering 252% increase, DOGE faced a challenging December, ending the month with a 25% drop. However, market commentator Tardigrade has highlighted a key pattern that suggests a recovery is underway.
In his latest update, Tardigrade explained that the fluctuations in Dogecoin’s price follow a structure he calls the Power of Three (PO3) pattern. This pattern consists of three distinct phases: Accumulation, Manipulation, and Distribution. According to Tardigrade, Dogecoin entered the Accumulation phase after President-elect Donald Trump’s win in the November 2024 election, which caused a sharp upswing in DOGE’s price. However, a pullback began on December 17, 2024, leading to the Manipulation phase, marked by price consolidation and declines.
As 2025 dawned, Dogecoin rebounded alongside a broader market upswing, already gaining 23.15% in the first days of January. This recovery has pushed DOGE into the Distribution phase, which Tardigrade believes will propel the meme coin toward the $1 price target. This represents a 157% increase from current levels.
#Dogecoin daily candle closed.
— Trader Tardigrade (@TATrader_Alan) January 4, 2025
It has just entered Distribution phase in the "Power of Three" (PO3) pattern 🔥$Doge $1 is a reasonable target in this pattern 🚀 pic.twitter.com/AoVdmTnwOl
The $1 mark has gained significant traction among analysts. Trading Jesus predicted this target in November 2024, identifying critical support and resistance levels. Similarly, market veteran Ali Martinez and research firm Galaxy Research have highlighted $1 as a likely price point for Dogecoin in 2025.
Other experts, such as Javon Marks, expect Dogecoin to first reach $0.6533 before continuing its rise to $1.20. Analyst Crypto Poseidon also shared a bullish outlook, noting that Dogecoin is entering a second, potentially larger leg up. At the time of writing, DOGE trades at $0.3878, showing a 15% increase in the last 24 hours.
$DOGE (Dogecoin) is back showing MAJOR STRENGTH and can be getting ready to finish a run to its original target @ $0.6533 with another +75% increase but prices look to have enough strength behind them to break above!
— JAVON⚡️MARKS (@JavonTM1) January 3, 2025
With a break above, prices could push $1.20+, which is… https://t.co/HlByhSvHEC pic.twitter.com/k3vvE9MiFB
With increasing optimism surrounding Dogecoin’s price movements, all eyes are on its journey to $1 in 2025.
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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