The expert says that Dogecoin targets 19,533% at $ 45 if history is repeated

An eminent market analyst predicted a formidable price pump for Dogecoin this bull cycle.

The market expert, Dima Potts, made the high call X post February 23, citing cyclical rehearsal. He suggested that Dogecoin, the largest piece of memes by market capitalization, would challenge his current lowering momentum For an amazing trend of 19,533%.

For this to happen, Dogecoin should first find a bullish impulse. The main part even had difficulties recently in the middle of a wider market correction, finding itself more than 52% compared to its December 0.4846 summit.

In the middle of this bad shape, the token has displayed serious retractions in the past five weeks. However, Potts remains optimistic according to which Doge will rebound current struggles and the climb to at least $ 10 this cycle.

Dogecoin Eyes bounces from “Never Miss Zone”

Potts has identified that the recent Dogecoin price action has seen it the trend towards the “never missing” area, from which the token has historically rebounded. In particular, the asset increased from this area after a consolidation phase during the 2017 and 2021 cycles.

In addition, the vague type indicator lines up with the cyclic model of 1,442 days of Dogecoin. The pointer shows that the prominent memes piece ended each cycle in 206 weeks, with the last conclusion on May 7, 2021.

Meanwhile, with the cycle already 1,388 days, Potts suggested that Mastiff Would soon enter the second phase of its cyclic parabolic expansion. He also identified the expected peak point for the imminent increased phase, with a graphic that accompanies him suggesting an increase of almost 1,636% almost $ 4.

$ 45: the ultimate Dogecoin target

After the phase two pump, the analyst speculates that there would be a brief retrace before the final push towards the ultimate target of the cycle. Citing the historic model of the vague type indicator, Potts thinks that Dogecoin would follow the line at a top price of $ 45.

Meanwhile, the prominent market watchman stressed that Doge has always crossed the Red Vertical Line, as shown in the graph in the last two cycles. Consequently, he expects a rehearsal of this cycle, aligning with the price prediction of $ 45.

In addition, Potts said that the period during which Dogecoin reaches the level above the red line will determine the moment of the peak of this cycle. Nevertheless, he believes that the main piece of memes followed his historic model or surpasses, citing technological progress, growing adoption and emergence institutional traction.

Although the technical analysis suggests a probable rebound at higher prices, chain measures indicate the opposite. Whale activities on the Dogecoin ecosystem have reached new stockingsWith only 66 large transactions and 60,000 active addresses per day.

Dogecoin users should correct this trend to increase the chances of a short -term price increase. Meanwhile, Doge is negotiated at $ 0.2325, down more than 4% in the last 24 hours.