Dogecoin Price Prediction: Analysts Eye $1-$11 Rally

Crypto analyst EtherNasyonaL has made a compelling case for Dogecoin’s potential parabolic rally, drawing heavily from the meme coin’s historical performance. The analyst highlighted DOGE’s impressive track record in recent fourth quarters, noting gains of 246% in Q4 2023 and 373% in Q4 2024. This consistent pattern of strong year-end performance forms the foundation of his prediction that Dogecoin could witness significant gains in the current fourth quarter as well.

EtherNasyonaL’s analysis extends beyond recent quarterly performance to examine Dogecoin’s full market cycles. In the first cycle, the Dogecoin price rose by an astonishing 21,825%, while the second cycle saw even more dramatic gains of 54,890%. The current third cycle has already delivered an 800% increase from its borrow to the December 2024 peak around $0.48. The analyst emphasized that Dogecoin has made massive jumps after every bottom in the past, suggesting this pattern is likely to repeat.

The term ‘parabolic coded’ used by EtherNasyonaL refers to Dogecoin’s inherent tendency for explosive growth phases. His accompanying chart analysis indicates that DOGE could rally above $1.50 on the next leg upward, with the psychological $1 level representing a key milestone that would mark a new all-time high for the meme coin. At the time of writing, Dogecoin is trading around $0.25, according to CoinMarketCap data, representing significant upside potential if these predictions materialize.

While EtherNasyonaL’s predictions are notably bullish, crypto analyst Dima Potts presents an even more ambitious outlook for Dogecoin. Potts predicts that the Dogecoin price could gain 37x from its start price this year of $0.31, reaching $11.71 by year-end. Remarkably, he describes this as his ‘conservative’ target, as he consciously avoided projecting a 283x move that would follow the pattern of the 83x and 183x gains Dogecoin recorded in its first and second cycles respectively.

Dima Potts’ analysis suggests that Dogecoin may be mirroring its historical price action, with particular attention to key technical levels. He revealed that DOGE is once again approaching the yellow resistance line, currently around $0.41 on the weekly timeframe. This level represents a critical juncture for the meme coin, as history suggests that a weekly close above this resistance could trigger another massive rally similar to the parabolic moves in past cycles.

The divergence between the two analysts’ targets—$1.50+ from EtherNasyonaL and $11.71 from Dima Potts—highlights the wide range of potential outcomes for Dogecoin. However, both share the common view that the meme coin is positioned for significant upward movement. Their analyses converge on the importance of historical patterns and key resistance levels in determining Dogecoin’s next major price move.

EtherNasyonaL has advised market participants to position themselves accordingly as Dogecoin eyes this potential parabolic rally. The analyst doubled down on his bullish forecast in multiple X posts, stating that ‘DOGE cycle 3 continues and is heading towards parabolic waves once again.’ This consistent messaging underscores his conviction in Dogecoin’s near-term prospects.

The $0.41 resistance level identified by Dima Potts serves as a crucial technical threshold for traders and investors. A decisive break above this level could confirm the beginning of the next major rally phase. Currently trading around $0.25, Dogecoin would need to gain approximately 64% to breach this critical resistance, which aligns with the historical patterns both analysts have highlighted.

Both analysts emphasize that Dogecoin’s chart suggests the meme coin may be on the verge of another major move. The combination of strong historical precedent, technical positioning, and cyclical patterns creates a compelling case for potential significant gains. As the crypto market continues to evolve, Dogecoin remains one of the most watched assets, with its potential for parabolic moves capturing the attention of both retail and institutional investors alike.