• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Trader Ðima Potts Predicts Dogecoin Surge to $11.65 by 2025

user avatar

by Giorgi Kostiuk

a year ago

Leading trader and analyst Ðima Potts has predicted that by the end of 2025, Dogecoin’s price may reach $11.65, based on an analysis of historical price trends.

Historical Perspectives on Dogecoin

Ðima Potts has noted that Dogecoin shows recurring trends in the fourth year of each market cycle. In the first cycle, the price rose from $0.00023 to $0.00851, while in the second, it went from $0.00460 to $0.17064, exhibiting the same 37x growth.

In this Dogecoin monthly chart, I'm focusing solely on year four. I've marked the opening and closing prices of each cycle.Ðima Potts

Current Analysis of Dogecoin

Analyzing the Dogecoin daily price chart on TradingView, it’s evident that after a strong bullish rally, Dogecoin has entered a consolidation phase. It is currently trading around $0.3163 with identified support and resistance levels at $0.27500 and $0.36000 respectively.

Technical Indicators and Their Significance

Narrowing Bollinger Bands indicate a potential breakout. A bullish long-term trend is reinforced by the 200-day EMA at $0.22485. Momentum indicators suggest a potential correction, with the RSI approaching the oversold zone, and the MACD signaling a possible bullish reversal.

Potts emphasizes that his $11.65 forecast is not a peak price but rather a year-end target, with potential for further growth.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Arbitrage: A Key Component of Market Quality in Prediction Markets

chest

Arbitrage is essential for enhancing the quality of prediction markets by ensuring prices reflect settlement realities and maintaining usability for serious participants.

user avatarFilippo Romano

US DOJ to Dismiss Insider Trading Case Against Nathaniel Chastain

chest

The US Department of Justice will dismiss the insider trading case against Nathaniel Chastain, following a deferred prosecution agreement.

user avatarRajesh Kumar

The Structural Nature of Arbitrage in Prediction Markets

chest

Arbitrage in prediction markets like Polymarket is a structural necessity that stabilizes markets and enhances credibility.

user avatarLucas Weissmann

Historical Lows Predict Market Optimism and Potential Volatility

chest

Historically low cash holdings indicate market optimism, potentially leading to economic booms and increased volatility.

user avatarEmily Carter

Ongoing Deliberation on Corporate Digital Asset Investment Framework

chest

The Financial Services Commission of South Korea is discussing with a public-private task force to create guidelines for corporate participation in digital asset markets.

user avatarTomas Novak

Sui Blockchain's Mysticeti V2 Achieves Subsecond Finality

chest

The Sui blockchain's Mysticeti V2 upgrade has achieved subsecond block finality, enhancing user experience and enabling new decentralized applications.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.