46% Drop? No Problem: DOGE Price to $10 Still on Analyst’s Radar

Dogecoin Projected to Reach $10 by 2025

Despite a recent 46% drop from its yearly high, analysts predict that Dogecoin (DOGE) could reach $10 within a timeframe of February 11 to May 7, 2025.

The recent market pullback may have caused some investor concerns, but experts remain optimistic. They forecast a rapid recovery for DOGE, followed by a sustained upward trend towards the ambitious $10 target in the coming months.

This bullish outlook is based on historical patterns within the crypto market, particularly the correlation between Bitcoin and Dogecoin's cycles.

Historical Data

As depicted in the daily chart of Dogecoin, the analyst expects the final peak of the current cycle to occur based on historical data. Year 4 is typically the final year of each cycle, which has historically been the peak period for Dogecoin.

Price Fluctuation

DOGE's price reached a low of $0.2615 on December 20, 2024, before experiencing a sharp rebound. This price action supports the analyst's prediction of a swift recovery for the cryptocurrency.