Dogecoin Predicted to Rally 1,000% by 2025 Ends

An analyst has predicted that Dogecoin could experience a 1,000% rally by the end of the year, potentially reaching $2. This forecast is based on historical price behavior, market structure, and accumulation patterns. The analyst, known as 'Setupsfx_', used a 2-day chart analysis on TradingView to support this prediction. According to the analysis, Dogecoin is currently in an accumulation phase, similar to previous cycles that led to significant price surges. The Wyckoff theory, which focuses on market cycles and price patterns, was used to illustrate this accumulation phase. The chart shows that Dogecoin traded sideways and consolidated in a defined range during its early 2021 cycle, which is a typical Wyckoff accumulation pattern.

The key buy zone for Dogecoin, as indicated by the blue box on the chart, is between $0.12 and $0.16. A return to this range would complete the historical price structure and present an ideal entry point before the markup stage begins. Currently, Dogecoin has concluded its markdown phase and is approaching the final stages of accumulation, paving the way for a potential bullish breakout. If price action continues to respect this historically bullish roadmap, Dogecoin could gradually move higher over the coming months, culminating in a full-blown rally to $2 by late 2025.

However, the analyst cautions that the journey to $2 isn't expected to be linear. Dogecoin could still face volatility, retracement, and psychological resistance around levels like $0.25, $0.5, and $1, which could slow down its climb. Another analyst, Trader Tardigrade, is even more bullish on Dogecoin’s future price, projecting a potential rally to $3.8. This optimistic forecast is supported by the emergence of a bullish Ascending Broadening Wedge pattern on Dogecoin’s weekly chart. Six key touch points confirm the pattern, labeled A through F, within a widening channel indicated on the price chart. The critical level to watch is the $0.47 resistance level, marked by the previous high around point E. A confirmed breakout above this level could validate the wedge and potentially trigger a significant price surge. Based on the measured move from the wedge’s widest point, the analyst highlights a projected path to $3.8, representing a massive 2,011% surge from current prices around $0.18.