Is a Dogecoin price to $10 still possible? The 4-year cycle theory reveals the answer

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Up-to-date Dogecoin price analysis suggests that the most popular meme coin could surge to a up-to-date ATH of $10. Crypto market expert Dima James Potts attributes this prediction to… Theory of the 4-year cyclewhich illustrates parabolic growth during each major cycle.

Dogecoin price is expected to reach the $10 target

Jan. 11 in Potts common a chart comparing three different Dogecoin price action cycles. The analyst predicts that Dogecoin price could skyrocket to $10 if it follows the historical growth trends observed in previous cycles. The analyst’s forecast is based on the 4-year cycle theory, a term characterized by Scheduled events related to the Bitcoin halvingwhich reduces mining block rewards by 50%.

Source: X

Potts revealed it Dogecoin’s bullish action each cycle occurred after the technical indicators – the “green and red trend lines” – crossed. In the first cycle, early in the development of the Dogecoin market, between December 15, 2015 and December 26, 2016, the analyst recorded a huge enhance of 9404% to USD 0.01 after the intersection of the green and red trend lines.

In Cycle 2, which took place many years later, between December 2019 and December 7, 2020, the analyst revealed that Dogecoin saw another significant enhance of 29,626% to $0.50 after crossing the trend line. This significant price enhance represents an exponential enhance compared to the first cycle.

The cryptocurrency market is in the fourth year of a 3-cycle, and Potts predicts it will get bigger parabolic growth in 2025 based on similar trend patterns. It predicts Dogecoin to grow by 11,049% in 2025, which would represent a significant enhance from its current market value of $0.32 to $10. highest ever.

On the chart, the analyst presented an even value higher price target for Dogecoin this year. He indicated that after potentially rising to a target of $10, Dogecoin could experience another massive surge of 40,037% to reach price levels between $30.50 and $38.50.

Potts mentioned that this cycle, Dogecoin’s price rally will be fueled by technological advancements and global adoption of the most popular meme coins. He also noted that historically, Dogecoin’s performance has been highest in the fourth year of each cycle. As a result, he believes there will be similar significant growth in the current cycle.

DOGE price action update

Dogecoin is currently trading at $0.32 after a massive enhance of 20.25% price collapse over the last month. In early January, the cryptocurrency appeared to be rising significantly, fueled by whale accumulation growing investor demand for a meme coin.

Dogecoin has seen a decline since its previous surge, falling 15% in the last seven days and another 3.89% in the last 24 hours. Despite these bearish results, analysts remain hopeful the future price trajectory of the meme coin.

Dogecoin price $10 2
Source: X

It is worth noting that Mister Crypto, analyst X, he stated that Dogecoin is currently in the final phase of consolidation before a “parabolic breakout”. The analyst suggests that Dogecoin may experience a massive price enhance to $1.50 once the consolidation is completed.

Dogecoin price chart from Tradingview.com
DOGE price struggles to maintain support | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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