Dogecoin (DOGE) Price Dip Sets Stage for a 9,000% Surge—Analysts Explain

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February 4, 2025 by Mishal Ali

Key Takeaways:

Dogecoin’s past pullbacks led to explosive rallies.
Technical patterns suggest a bullish breakout is forming.
Analysts expect DOGE to push toward $1.50–$2.10 after recovery.

Dogecoin’s latest price correction may look concerning, but historical data suggests it’s a necessary step before a massive surge. Crypto trader Tardigrade emphasized that such pullbacks in the past have seen exponential rallies.

In 2016, DOGE crashed 59.76% before rallying 9,221%, and in 2020, a 56.2% drop saw a 30,693% rise With this recurring pattern, Dogecoin’s present dip could set the stage for yet another record price explosion. Tardigrade urged investors not to mind short-term fluctuations but to refer to the macro chart instead. In case of trends repeat DOGE could be in the early stages of its future parabolic run.

Technical Indicators Point to a Reversal

TradingShot’s analysis corroborates that Dogecoin touched its two-month Channel Down base level. On a larger timescale, such a pattern bears a semblance to a Giant Bull Flag, a shape that tends to form in preparation for strong rallies. Key technical cues confirm such a bullish setup.

Dogecoin recently touched its 1D Moving Average 200 (MA200), a level in the past having strong supporting role in preceding price rallies. 1D Relative Strength Index (RSI) meanwhile moved into oversold, and any sell pressure could have run its course.

These factors make DOGE a breakaway in the pipeline. TradingShot set a price target at $0.38, below 0.786 of its level of Fibonacci, similar in shape to its previous bullish leg. That could mark the beginning of Dogecoin’s new big bull run.

Dogecoin Eyes All-Time Highs After Recovery

Market sentiment for Dogecoin remains bullish despite its ongoing correction. As per crypto trader DOGECAPITAL, such a pullback was warranted and is near its conclusion. After it bottoms out, DOGE will target its all-time high, with a target price range between $1.50 and $2.10.

$DOGE This was it all along. We've finally experienced the anticipated pullback. Once this pullback is fully over, we'll be poised to target all-time highs in the range of $1.50 to $2.10, or at the bottom of the blue channel on my pinned post. This is where we'll encounter the… https://t.co/5KYiw0og5X

— ÐOGECAPITAL (@DimaPotts36) February 3, 2025

This target aligns with previous cycles in which DOGE hit strong resistance at its upper boundary of its channel of trends. As for when, no one can say, but its shape in previous rallies could have Dogecoin preparing for a big move in a positive direction.

With technicals in harmony with a reversal and fundamentals supporting a bullish scenario, DOGE’s current dip could simply be a quiet before a storm. With momentum, Dogecoin could once again defy conventional thinking and produce yet another blowout run, proving its case yet again for one of the most resilient cryptocurrencies in circulation.

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