Doge Megabull targets $2-3 by November 2025 - Up to 3,000% gains

Feb 20, 2024

Hi everyone!

Today, lets dive in the technicals and boom and bust cycles of Dogecoin:

Short-term:
Doge will likely for the rest of the 2024 year remain in sideways and bound in the wide range delimited with the:
Support block (green box) at: 0.056-0.036; and,
Top resistance block (red box) at: 0.11-0.16c.

In the incoming days / weeks, I am expecting doge to rally (a bit similar to the blue fractal as reference) towards the top resistance block (red box) at 0.11-0.16c which would be a great opportunity to take a little profit off the table there. There is a chance that doge retraces down from that resistance block to the 0.07c support block again which would be a great rebuy in 2024. I do not anticipate lower target unless there is a black swan even, but I do not expect any currently.


Midterm:
There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case doge is clearly displaying those bottoming bull reversal patterns although still unconfirmed:
(1) Basing with a double bottom at 0.056-0.036c
(2) Rounding bottom (half blue circle)


Long-term:
Dogecoin has still not broken the top resistance block (red box) at 0.11-0.16c and is still very far from breaking the previous ATH at 0.74c~.

So buying know at 0.088c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make a whopping 3,000% in gains if my 2025 forecast plays out as expected and we see Dogecoin top at either T1: $2 or at T2: $3 by October 2025 through December 2025.

Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of doge and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at 0.61-044c!


Closing Notes:
This multiyear Dogecoin chart is my attempt at forecasting the action of doge for the next 4 years and will be updated regularly.

Please give a like and follow to this chart if you appreciate this chart and the work put behind it.

Best of luck and happy trading!
Carl M.

Feb 20, 2024

Trade active

For those who want to see more details, here is a 4K screenshot of the Weekly Dogecoin chart which I could not publish properly on Tradingview as the candles were too cramed.

Feb 20, 2024

Note

Note this idea had to be republished on Tradingview as the previous publication violated a house rule..

Mar 28, 2024

Note

Dogecoin has seen strong bullish action above the red resistance block 0.11-0.16c and will very likely be closing this Sunday's Weekly close above it.

I expect to see Dogecoin to at least double and run towards the ATH in the incoming days earlier than expected compared to the previous cycle.