Cryptocurrency analyst Trader Tardigrade is optimistic that Dogecoin will reach the $1 goal by 2025. The analyst points to the "Power of Three" pattern, through which DOGE has entered the bullish Distribution phase. A 157% price surge is needed for DOGE to hit the $1 mark, seen as achievable given past trends.
The three phases of the "Power of Three" pattern are accumulation, manipulation, and distribution. After DOGE's significant price increase in November 2024, following US presidential election events, the coin experienced steady growth, closing the Accumulation Phase.
In December, Dogecoin's price dipped by 25%, entering the Manipulation phase. However, this phase was pivotal in preparing DOGE for the current Distribution phase's recovery and price movement.
At the start of 2025, Dogecoin showed a 23.15% price increase, reflecting recovery momentum. The forecasted $1 price target considers past performance, notably a 160% price surge since November 2024, making another 157% gain seem plausible.
