Dogecoin (DOGE) Price Prediction: Golden Cross Signals a Potential Rally, Analyst Envisions a Surge to $10

With a pivotal Golden Cross imminent, Dogecoin is stirring excitement in the crypto world. Kevin Capital foresees a stretch to $1.80

Dogecoin price has sparked excitement among crypto enthusiasts as a pivotal Golden Cross approaches, according to several analysts. While some express skepticism about DOGE reaching $3.90 this market cycle, others envision it surging to $10 if historical patterns repeat.

Analyst Doubts Dogecoin's Path to $3.90 in Current Cycle

In an X post, Kevin Capital shared his analysis, expressing doubts that Dogecoin's price will hit $3.90 this market cycle. According to the analyst, in each Dogecoin cycle, the leading meme coin has achieved the 1.618 macro golden pocket.

“$3.90 is the current macro golden pocket. However, if you calculate the price from the peak before Elon's SNL in 2021, the global golden pocket for doge would be $1.80,” stated the expert.

With this analysis, Kevin Capital finds the $3.90 target unlikely and adds that even $1.80 is a “stretch” but possible if Bitcoin's price rallies.

The analyst also noted that while conducting this study, Dogecoin was about to undergo yet another weekly Golden Cross. He insisted that this had occurred four years ago as the most recent instance.

Golden Cross Signals Potential Dogecoin Rally

Before DOGE made a cycle high 119 days after the Golden Cross, the cryptocurrency saw a three-week decline and consolidation period.

If the price activity of DOGE follows the pattern of the last cycle, the expert anticipates that it could cool down during the following 2-3 weeks. From December 2024 to April 2025, a parabolic rally will begin. Meme coin will reach its peak, according to Kevin Capital's prediction, somewhere in the middle to late spring of 2025.

Rival Analyst Sees Potential for DOGE at $10

Despite Kevin Capital's claims that a price gain to $3 is highly unlikely, crypto expert Dima James has speculated that Dogecoin could potentially surge to $10 this market cycle.

In passing, the analyst mentioned DOGE's weekly and historical performance to support this potential price target. He stated that the weekly chart shows that DOGE's performance has always been good following a crossover of the green and red lines, which results in green weeks.

“This pattern is resurfacing in this cycle, suggesting it has the potential to experience a significant price increase,” reported Coingape.

According to the researcher, the price of Dogecoin often starts a parabolic move when it crosses the weekly timeframe's yellow line. As Dima James points out, in order to validate this parabolic surge, DOGE must conclude the week above $0.18.

The price of Dogecoin soared by more than 18,000% in 2021 and more than 8,000% in 2016 after closing the week over the yellow line, respectively. According to the expert, if factors like acceptance and technological developments continue to play a role in Dogecoin's price, it will experience a similar or even higher growth.