Dogecoin appears to be starting out 2025 on a strong footing, with analysts seeing multiple signs of impending explosive moves.
In a recent tweet, market watcher Crypto Surf highlighted a promising development on Dogecoin’s six-month chart. The graph, which the analyst shared with the comment “Welcome yellow,” draws attention to the historical significance of various color patterns on DOGE’s chart.
Notably, the Dogecoin six-month candlestick chart reveals key insights from its color patterns: yellow, orange, pale green, and red.
Yellow Candle: A Historical Game-Changer for Dogecoin?
In Dogecoin’s history, the yellow candlesticks have marked periods of explosive growth. This was observable during the 2020-2021 bull market when DOGE prices surged to unprecedented levels.
Since then, Dogecoin has experienced significant retracements over the past four years. It exhibited candlesticks ranging from blue to red before a morning star pattern emerged, signified by the appearance of an orange candlestick. Similar patterns also appeared during the 2017/2018 cycle.
Dogecoin 6-month chart with various colors.
Notably, the orange candlestick repeatedly indicates Dogecoin’s recovery from bear market lows, triggering initial price sparks that capture public attention. A similar event occurred in 2024, when Dogecoin saw a 540% gain, peaking at $0.4835 for the year.
Now, according to the chart, Dogecoin appears primed for the next phase, marked by the arrival of the yellow candlestick. Historically, the yellow candle signals extreme bullish sentiment. This would reflect the broader bull market, increased retail interest, and favorable macroeconomic conditions for risk-on assets.
Essentially, given the historical patterns, analysts believe 2025 could be the year Dogecoin finally breaks past the coveted $1 mark. Analysts are pretty unanimous on this bullish prospect.
Dogecoin Predictions for 2025
One analyst, Ðima James Potts, has boldly predicted that Dogecoin could experience at least a 37-fold price increase in 2025, based on historical trends. He pointed to Dogecoin’s performance in the previous fourth years of market cycles.
For instance, in both 2017 and 2021, Dogecoin surged by at least 3,700% from the opening prices. Potts expects a similar rise in 2025, especially if DOGE closes 2024 around $0.315, which it indeed did.
Based on this, he suggests DOGE could close 2025 with a price of at least $11.
Other analysts, like Tardigrade, are even more optimistic, forecasting that Dogecoin could reach as high as $30 by May 2025. They cite various technical observations from the meme coin’s historical trend.
At press time, Dogecoin has registered a 7% gain in the last 24 hours, reclaiming the $0.33 price point.
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