- Dogecoin fell by 46% from its yearly high during a recent pullback.
- Analyst predicts DOGE will reach $10 between February 11 and May 7, 2025.
- DOGE surged 33% in less than 24 hours to recover from a recent crash.
Despite a 46% drop from its yearly high, the Dogecoin (DOGE) price to $10 remains a realistic target, according to one crypto analyst The recent market pullback might have shaken some investors, but this expert remains unfazed.
He predicts a swift recovery for DOGE, followed by a continued upward trajectory to the ambitious $10 mark in the coming months. His bullish outlook draws on historical patterns within the crypto market, particularly the relationship between Bitcoin and Dogecoin’s cycles.
DOGE’s price fell to $0.2615 on December 20 before bouncing back sharply, supporting the analyst’s prediction of the meme coin’s bullish outlook. The analyst used Dogecoin’s daily chart pattern to analyze the meme coin’s price trend. He predicted that DOGE will achieve the $10 target between February 11 and May 7, 2025. According to the analyst, a consistent pattern in the relationship between Bitcoin and DOGE influenced his time-based prediction for the latter. He explained that the fourth year is the final year of each cycle and represents Dogecoin’s peak period.
Further, the analyst noted that DOGE’s price reaches its cycle peak within three to four weeks after Bitcoin’s highest price during a bull cycle. Therefore, using a specific indicator, he showed Bitcoin would establish a top around his prediction target.
Despite the market pullback, DOGE rallied impressively this year, surging significantly to reclaim nearly the entire loss from the 2021 bear market. A 545% rally saw DOGE trade close to its all-time high by hitting $0.4846 on December 8. Dogecoin remains the foremost meme coin, and many analysts believe it has the potential to surge higher and achieve record levels in the coming months.
However, with a more specific target tied to a timeframe, DOGE traders will likely pay closer attention to the cryptocurrency as the bull cycle develops. Dogecoin traded for $0.3367 at the time of writing, marking a 33% rally in less than 24 hours.
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