DOGE Price Strengthens Amid Bullish Distribution Phase Momentum

DOGE Price Targets $1: Bullish Distribution Phase Underway

Dogecoin (DOGE) has entered the Distribution phase of the Power of Three (PO3) pattern, indicating market manipulation and distribution. According to market analyst Trader Tardigrade, this phase could drive DOGE towards $1 by 2025.

Accumulation and Manipulation Phases

The PO3 pattern began with Dogecoin's accumulation phase in November 2024, coinciding with post-election market recovery. However, a price pullback in December triggered a Manipulation phase characterized by decline and consolidation.

Distribution Phase and Early 2025 Gains

The January 2025 bull run marks the Distribution phase of DOGE. Despite a 25% decline in December, DOGE has rebounded significantly in early 2025, surging 23.15% in the first four days.

Currently, DOGE trades at $0.3852, a 15% increase in 24 hours. This aligns with the broader bullish market outlook.

'Jump The Creek' Pattern and Wyckoff Model

Dogecoin's "Jump The Creek" pattern signals a transition from Wyckoff's Accumulation phase to the Mark Up phase. This gradual increase is driven by resistance-level breakouts and retests, indicating uptrend and trader confidence.

$1 Target Forecast

Analysts predict strong potential for Dogecoin during this Distribution phase. Trader Tardigrade forecasts $1, a 157% increase. This target is based on price history and the current market structure. Spirit Blockchain's yield-generation model for DOGE has also contributed to its price rise.

Historical Analysis and Technical Indicators

Historical analysis supports the $1 prediction. In November 2024, DOGE gained 160%, implying potential for further growth. Technical indicators such as MACD and Moving Average Convergence Divergence (MACD) display bullish signals.

Dogecoin's progress within the Wyckoff model reinforces the likelihood of reaching $1.