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Analyst Predicts Dogecoin Could Surge Over 2,800% This Cycle

Crypto analyst Crypto Patel suggests Dogecoin (DOGE) could reach $2 and $5, implying potential gains of 1,076% to over 2,800% from its current price of around $0.17.

Chart Patterns And Historical Runs

  • DOGE has formed a descending triangle since its peak at $0.75 in 2021, showing a breakout and retest pattern.
  • Historical rallies: In 2017, DOGE surged approximately 9,800%, and in 2021, it increased over 32,000%, supporting the "fractal confluence" hypothesis of repeating history.

A Recent Breakout, Retest Highlighted As Trigger

  • DOGE broke out of its triangle in December 2024, rising above $0.48 during a market boom led by US President Donald Trump.
  • Analysts compare current patterns with past bull runs, suggesting potential for further upside.

Short-Term Indicators Looking Up

  • Forecasts suggest a potential rise of 13.51% to $0.2002 by December 12, 2025.
  • Current sentiment is bearish, with the Fear & Greed Index at 20 (Fear).
  • DOGE experienced 43% green days and 6.71% price volatility over the last 30 days.

Bitwise DOGE ETF

  • Bitwise filed for a DOGE ETF using CF Benchmarks’ settlement price, potentially attracting institutional interest.
  • Large holders are reducing supply, retail activity is increasing, and some momentum indicators are positive.
  • The ETF could provide transparent pricing and increase accessibility for institutions, possibly enhancing market liquidity.