{"id":678332,"date":"2025-01-18T20:00:50","date_gmt":"2025-01-18T20:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=678332"},"modified":"2025-01-18T14:11:37","modified_gmt":"2025-01-18T14:11:37","slug":"crypto-analyst-predicts-when-dogecoin-price-will-hit-3-this-cycle","status":"publish","type":"post","link":"https:\/\/wncen.com\/dogecoin-2\/crypto-analyst-predicts-when-dogecoin-price-will-hit-3-this-cycle\/","title":{"rendered":"Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Dogecoin <\/span><a href=\"https:\/\/wncen.com\/analysis\/doge\/dogecoins-bullish-push-gains-steam-a-retest-to-0-4-ahead\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">has cleared the $0.4 mark again <\/span><\/a><span style=\"font-weight: 400\">after a few days of interesting price inflows that have caused its price to rebound notably from $0.31. This strong upward movement has allowed Dogecoin to reverse the price losses it incurred in the previous week. <\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/dogecoin-2\/dogecoin-open-interest-spikes-to-nearly-5-billion-impact-on-price\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Open Interest Spikes To Nearly $5 Billion \u2013 Impact On Price<\/a><\/div>\n<p><span style=\"font-weight: 400\">Furthermore, this recent rally has positioned Dogecoin back on track for further upward movement, and the next outlook is<\/span><a href=\"https:\/\/wncen.com\/news\/altcoins-about-to-take-off-analyst-says-the-final-shakeout-is-over\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> price targets to expect<\/span><\/a><span style=\"font-weight: 400\"> in the case of a continued rally henceforth.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A technical analysis on the TradingView platform highlighted a compelling comparison between Dogecoin\u2019s current price movements and its historical patterns to predict a significant rally that could bring <\/span><a href=\"https:\/\/wncen.com\/dogecoin-2\/dogecoin-bulls-eye-3-as-whales-scoop-200-million-doge-in-the-last-2-days\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Dogecoin to $3 this cycle.<\/span><\/a><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<h2><strong>Dogecoin&#8217;s Consolidation Mirrors January 2021 Rally<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The<\/span><a href=\"https:\/\/www.tradingview.com\/chart\/DOGEUSD\/xlIZbDq1-DOGE-to-3-00-isn-t-a-matter-of-if-but-WHEN\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> technical analysis in question<\/span><\/a><span style=\"font-weight: 400\"> looks at Dogecoin&#8217;s price action from a long-term perspective by analyzing formations on the weekly candlesticks. Interestingly, the weekly candlesticks show Dogecoin has been consolidating just below the $0.5 price level in a downward and upward movement throughout the past six weeks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst highlighted that Dogecoin\u2019s recent consolidation is almost an exact replica of a similar behavior above the 1-week moving average (MA50) in January 2021. This symmetrical positioning in time relative to the previous market cycle adds credibility to the argument that Dogecoin is following a cyclical pattern, which has been proposed by various analysts through multiple technical analyses. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Back in 2021, the cryptocurrency transitioned from a period of accumulation to explosive growth, generating returns of over 3,600% from its bottom.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Expanding on this cyclical pattern, the analyst highlighted another similarity in Dogecoin\u2019s price rally in Q4 2024. Dogecoin\u2019s price has risen by approximately 480% <\/span><a href=\"https:\/\/wncen.com\/analysis\/doge\/dogecoin-price-doge-slips-0-10\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">since its August 2024 bottom,<\/span><\/a><span style=\"font-weight: 400\"> a figure that matches the 480% increase observed during the November-December 2020 period. <\/span><\/p>\n<figure style=\"width: 1626px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/jC0ERlYJ\/\" width=\"1626\" height=\"883\"><figcaption class=\"wp-caption-text\">DOGE is currently trading at $0.39. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Following that initial phase 1 surge in 2020, Dogecoin entered a consolidation phase in January 2021 before starting phase 2 of its rally. The current consolidation, therefore, appears to mirror this historical sequence and lends voice to a prediction that Dogecoin may be on the <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-bullish-breakout\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">verge of repeating its past performance<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><b>Phase 2 Target: A Path To $3<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Based on the historical precedent, the analyst anticipates that Dogecoin&#8217;s &#8220;Phase 2&#8221; could bring a rally of 3,600%, similar to the cycle observed in early 2021. In terms of a price target, the projection is a 3,600% increase from the August 2024 low, which would bring Dogecoin towards the $3 mark. The timeframe for this price target is as early as the next three weeks, though the analyst noted that it could occur much later than that.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-678333\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_9d5b77.png?resize=563%2C270\" alt=\"\" width=\"563\" height=\"270\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_9d5b77.png?w=563 563w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_9d5b77.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_9d5b77.png?w=130 130w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_9d5b77.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_9d5b77.png?w=83 83w\" sizes=\"auto, (max-width: 563px) 100vw, 563px\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/dogecoin-2\/dogecoin-bulls-eye-3-as-whales-scoop-200-million-doge-in-the-last-2-days\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days<\/a><\/div>\n<p><span style=\"font-weight: 400\">At the time of writing, <\/span><a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-leads-the-pack-as-dog-themed-coins-rally-trump-effect-sparks-excitement\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Dogecoin is trading at<\/span><\/a><span style=\"font-weight: 400\"> $0.3947, although it recently traded at an intraday high of $0.4334. A move to $3 would represent a 777% increase from the current price.\u00a0<\/span><\/p>\n<p><em>Featured image from VOI, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin has cleared the $0.4 mark again after a few days of interesting price inflows that have caused its price to rebound notably from $0.31. This strong upward movement has allowed Dogecoin to reverse the price losses it incurred in the previous week. Related Reading: Dogecoin Open Interest Spikes To Nearly $5 Billion \u2013 Impact On Price Furthermore, this recent rally has positioned Dogecoin back on track for further upward movement, and the next outlook is price targets to expect in the case of a continued rally henceforth. A technical analysis on the TradingView platform highlighted a compelling comparison between Dogecoin\u2019s current price movements and its historical patterns to predict a significant rally that could bring Dogecoin to $3 this cycle.\u00a0 Dogecoin&#8217;s Consolidation Mirrors January 2021 Rally The technical analysis in question looks at Dogecoin&#8217;s price action from a long-term perspective by analyzing formations on the weekly candlesticks. Interestingly, the weekly candlesticks show Dogecoin has been consolidating just below the $0.5 price level in a downward and upward movement throughout the past six weeks.\u00a0 The analyst highlighted that Dogecoin\u2019s recent consolidation is almost an exact replica of a similar behavior above the 1-week moving average (MA50) in January 2021. This symmetrical positioning in time relative to the previous market cycle adds credibility to the argument that Dogecoin is following a cyclical pattern, which has been proposed by various analysts through multiple technical analyses. Back in 2021, the cryptocurrency transitioned from a period of accumulation to explosive growth, generating returns of over 3,600% from its bottom. Expanding on this cyclical pattern, the analyst highlighted another similarity in Dogecoin\u2019s price rally in Q4 2024. Dogecoin\u2019s price has risen by approximately 480% since its August 2024 bottom, a figure that matches the 480% increase observed during the November-December 2020 period. Following that initial phase 1 surge in 2020, Dogecoin entered a consolidation phase in January 2021 before starting phase 2 of its rally. The current consolidation, therefore, appears to mirror this historical sequence and lends voice to a prediction that Dogecoin may be on the verge of repeating its past performance. Phase 2 Target: A Path To $3 Based on the historical precedent, the analyst anticipates that Dogecoin&#8217;s &#8220;Phase 2&#8221; could bring a rally of 3,600%, similar to the cycle observed in early 2021. In terms of a price target, the projection is a 3,600% increase from the August 2024 low, which would bring Dogecoin towards the $3 mark. The timeframe for this price target is as early as the next three weeks, though the analyst noted that it could occur much later than that. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days At the time of writing, Dogecoin is trading at $0.3947, although it recently traded at an intraday high of $0.4334. A move to $3 would represent a 777% increase from the current price.\u00a0 Featured image from VOI, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":678340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86147],"tags":[142,1558,1785,7,83767],"class_list":["post-678332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin-2","tag-altcoins","tag-cryptocurrency","tag-doge","tag-dogecoin","tag-meme-coins"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle<\/title>\n<meta name=\"description\" content=\"Dogecoin has cleared the $0.4 mark again after a few days of interesting price inflows that have caused its price to rebound notably from $0.31. 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