#Dogecoin‬⁩ could reach $4 by May 2025, based on a historical signal that suggests a potential 3000% rise. Recently, Dogecoin hit its two-month high following a mention by Elon Musk on platform X. This sparked significant interest within the crypto community, especially with Donald Trump's rising chances of winning the upcoming election.

Current #doge⚡ Price Status

Currently, the price of Dogecoin is $0.1330, marking a 23% increase over the past week, including a 6.8% rise in the last 24 hours. While the broader crypto market dropped by 1.5%, Dogecoin has experienced substantial growth. DOGE is known for its dramatic price spikes, especially during bull markets, as seen in 2017 with an 8000% rise and in 2021 with a 23,000% increase.

Historical Signal Predicting a Rise to $4

Although Dogecoin was created in 2013 and missed out on Bitcoin’s early halvings, it still saw significant price jumps after these events. Following Bitcoin's second halving in 2016, DOGE’s price surged by 8000%, and after the third halving in 2020, the price skyrocketed by an astounding 23,000%.

Now, after the fourth halving expected in April 2024, analysts predict another strong bull cycle within 156 days of this event. Fibonacci analysis indicates that if buying pressure continues, DOGE could climb to around $3.95 by May 2025.

Timeline and Expected Growth

In the past, Dogecoin’s bull cycles lasted 294 days in 2017 and 168 days in 2021. The average duration of these cycles is approximately 231 days. Since the most recent DOGE price surge occurred 22 days ago, the coin may still have around 210 days left to reach its peak—around May 16, 2025.

Short-Term DOGE Price Analysis

Currently, Dogecoin has broken out of a falling wedge pattern, signaling a bullish reversal. The immediate resistance level is at $0.14, and the next price surge could reach $0.23, potentially climbing further to $0.33. However, if DOGE falls back into the descending wedge, the crypto market may show signs of weakness, potentially pushing DOGE’s price down to around $0.08.

#Dogepriceprediction , #memecoin🚀🚀🚀 , #MemeCommunity

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