Expert Says Dogecoin Targets 19,533% to $45 if History Repeats
A prominent market analyst has predicted a stupendous price pump for Dogecoin this bull cycle.Market expert Dima Potts made the lofty call in an X post on Feb. 23, citing cyclical repetition. He suggested that Dogecoin, the largest meme coin by market cap, would defy its current bearish momentum for a staggering 19,533% uptrend.For this to happen, Dogecoin would first have to regain bullish momentum. The leading meme coin has struggled recently amid a broader market correction, retracing over 52% from its December high of $0.4846.Amid this poor run of form, the token has posted severe retracements in five of the last six weeks. However, Potts remains optimistic that DOGE will rebound from current struggles and surge to at least $10 this cycle.Dogecoin Eyes Rebound from Never Miss ZonePotts identified that Dogecoins recent price action has seen it trend toward the never miss zone, from which the token has historically rebounded. Notably, the asset surged from this area after a consolidation phase in the 2017 and 2021 cycles.Furthermore, the wave-like indicator aligns with Dogecoins cyclical 1,442-day pattern. The pointer shows that the prominent meme coin has completed each cycle in 206 weeks, with the last concluding on May 7, 2021.Meanwhile, with the cycle already 1,388 days in, Potts suggested that Dogecoin would soon enter the second phase of its cyclical parabolic expansion. He also identified the expected peak point for the imminent bullish phase, with an accompanying chart suggesting an almost 1,636% surge close to $4.
Text source: The Crypto Basic
