Dogecoin has experienced significant losses recently, with a 20% drop over the past seven days, but technical analysis suggests there is still potential for the cryptocurrency to achieve a $10 price target. Analysts highlight Dogecoin's historical price cycles, suggesting it may follow a pattern observed in previous market cycles.
According to crypto analyst ÐOGECAPITAL, Dogecoin's price movements follow a repeating cycle pattern every 1,442 days. Historically, Dogecoin has surged dramatically during these cycles, with notable increases in previous market peaks. The current cycle began after Dogecoin's all-time high in 2021, and a similar 1,442-day pattern suggests a new peak by April 14, 2025.
The anticipated price target of around $10 represents a significant rise from current levels. Although the percentage gain is smaller than previous cycles, the capital needed for such growth is larger due to Dogecoin's market cap size. Currently, Dogecoin trades at $0.2669.