Bitrabo Editorial
Crypto expert Dima James has shared insights on the future of Dogecoin prices, following its recent surge to the highest point since July. According to his predictions, the price of DOGE is set to keep rising into the next year, potentially reaching an impressive $10.
Dogecoin’s Price Recovery Expected Through 2025
In a post on X, Dima James stated that the recovery trend for Dogecoin’s price is likely to persist through 2025. He believes that the lowest price point for DOGE has already been reached, and it won’t drop below $0.10 again as seen in past cycles.
However, James cautioned that significant price corrections might occur as DOGE continues to rise. He pointed out that in earlier cycles, the price of Dogecoin experienced retracements of 30-85% during bull markets.
He anticipates that the peak of the current Dogecoin bull cycle will be reached in 2025 and emphasizes that increased adoption of DOGE will drive its price to new heights. James is optimistic that the leading meme coin may hit and exceed $10 during this cycle.
His analysis includes a chart indicating that Dogecoin might even surge to $36. Drawing from historical data, particularly from the 2021 bull run, he noted that DOGE is following a similar path now that it has moved above a significant trendline established in September.
This trendline breach in 2021 marked the beginning of a dramatic price increase, pushing Dogecoin to its all-time high of $0.73. Consequently, this suggests that the coin may experience another substantial upward movement, potentially establishing a new all-time high.
DOGE Positioned for Future Growth
Kevin Capital, a self-proclaimed Dogecoin analyst on X, asserted in a recent post that Dogecoin is set for significant upward movement shortly. He assured followers that the recent dip after the spike to $0.14 was simply a corrective pullback.
He emphasized that as long as Dogecoin trades above the $0.127 mark, considered a critical support level, traders can feel confident about a future rally as buyers are anticipated to return. In another update, Kevin expressed that Dogecoin is likely to spearhead the next bull market. He described DOGE as a favorite among retail investors, even attracting those without prior cryptocurrency experience.
When these investors return to the market, it will signal a full-fledged bull run, according to Kevin.
Currently, Dogecoin is trading at approximately $0.13, reflecting an increase of over 1% in the last 24 hours, based on CoinMarketCap’s data.