Jakarta, Pintu News – Renowned crypto watcher, ÐOGECAPITAL, known by the X account @DimaPotts36, recently shared a ten-year weekly chart analysis showing the potential for Dogecoin price increases to reach double digits. This analysis caught the attention of many followers and investors in the crypto world.
The chart shared by Potts shows an upward regression channel that started at the bottom of the Dogecoin (DOGE) price in 2015-2016 at almost $0.0001 and is now below $0.12. The upper rail of this channel has been resistance in each of the previous mania phases, and is expected to reach around $69.42 by the end of 2025. This signals the potential for significant price increases if this pattern continues.
Within the corridor, price action formed three consecutive round bottoms, each bounded by a descending yellow resistance line and supported by a red bottom arc. This geometry suggests increasing compression, with the triangle’s apex currently at $0.17, where Dogecoin (DOGE) has been consolidating for the past few months.
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Potts uses a double-wave oscillator that he designed himself, which consists of a thick turquoise wave and a faster yellow wave. According to Potts, historical cycle peaks occur in two ways: an early peak when the yellow wave drops below green, and a late peak when the yellow wave dives below the horizontal red line at -0.00013.
Each of these events is marked by a vertical purple bar on the price chart. Historical analysis shows that this oscillator marked a late peak in February 2014, recorded a double peak during the 2017-2018 period, and only an early peak in May 2021 when Dogecoin (DOGE) reached its all-time high price at $0.739. The cycle start signal appeared on March 6 this year, with a late cycle breach still expected.
The expected date for the next cyclical peak is around the week of October 27, which corresponds to the predicted drop of the oscillator below the red threshold and with the upper rail of the channel, which by then will be in the $60-$70 range. However, Potts sets $10 as an important psychological milestone, a round number that is one logarithmic order higher than the 2021 peak.
Whether Dogecoin (DOGE) can repeat its parabolic history will depend on external factors such as Bitcoin’s truncation cycle, global liquidity, and social media-driven hype. However, the oscillator’s track record has not been impeccable. Potts emphasized that this indicator has accurately identified all the cyclical peaks for Dogecoin (DOGE), and until proven otherwise, traders will keep an eye on the -0.00013 trigger and the integrity of the channel’s bottom rail for confirmation of the next explosive rally for Dogecoin (DOGE) price.
With all the analysis and predictions presented, investors and crypto enthusiasts around the world will be looking forward with great anticipation to see if Dogecoin (DOGE) will reach this new milestone. As historical data and trends show, the potential for a significant price spike exists, but must still be balanced with a careful understanding of the risks involved.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.