The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year

Historically, the Dogecoin price has recorded some of the most legendary rallies in the crypto ￰0￱ the last couple of bull markets, the meme coin seems to have started a trend of outperforming its previous cycle’s performance, notching way more gains than anyone ￰1￱ this trend, the Dogecoin price is once again approaching a point where it could initiate another rally, and this time around, a crypto analyst predicts that it will reach double-digit ￰2￱ Anatomy Of The Historical Breakout Crypto analyst Dima Potts has predicted a possible 37x rally for the Dogecoin price this bull ￰3￱ forecast is gleaned from the previous cycle performances of the meme coin, with each one registering higher gains than the previous bull ￰4￱ Reading: Dogecoin Price Vs.

M2 Global Money Supply: The Trend That Points To $1 And $100s Of Billions In Market Cap Mainly, each rally has been triggered when the Dogecoin price has broken out of a descending trendline, highlighted in yellow in the chart below, that begins from the top of the last ￰5￱ was the case back in 2017, and a repeat of this same breakout in 2021 solidified the trend for the meme ￰6￱ the first breakout was completed back in 2017, the price would rise sharply over the next few ￰7￱ the time the bull market was drawing to a close in 2018, the Dogecoin price had completed an 83x rally, rising from below $0.0004 to above $0.0014. The descending trendline began once again with the top in 2018, spanning over two years again before breaking out in ￰8￱ the breakout was confirmed in 2021, just like it did in 2017, it triggered a multi-month Dogecoin price rally, and before the end of the year, the price rose a cumulative 183x, moving from under $0.004 to over $0.7.

Why The Dogecoin Price Can Rally Above $11 Using this established trend, Dima Potts has outlined how the Dogecoin price could follow the same ￰9￱ now, the altcoin is nearing the completion of the descending trendline, and the only thing that remains is a ￰10￱ main level of interest lies at $0.4,1, and the analyst believes that if the Dogecoin price closes a week above this level, then the trend would be ￰11￱ Reading: XRP Could Mirror 2017 Style Surge: Here’s How High The Price Will Go If It Happens In the most bullish scenario, the price would follow the trend of each cycle’s explosion being higher than the last, suggesting a possible 283x return.

However, the crypto analyst takes a more conservative stance, predicting that a 37x rally from the price at which Dogecoin started 2025is ￰12￱ would put the price at $11.71, given that Dogecoin started the year with a price of $0.31. Featured image from Dall. E, chart from ￰13￱