Dogecoin (DOGE) Price Trended Low for a Significant Amount of Time, Shattering Expectations of a Rally

Back in 2024, the Dogecoin price trended low for a significant amount of time, shattering expectations of a rally. However, with the year

A crypto analyst has predicted that the Dogecoin price could be seeing a repeat of 2024 again, giving the same 300% prediction as the previous post.

World of Charts Predicts 300% Dogecoin Price Surge

Back in 2024, the Dogecoin price trended low for a significant amount of time, shattering expectations of a rally. However, with the year drawing to a close, the tides began to change and the meme coin saw its value rising. One crypto analyst that predicted the rise is World of Charts, who took to X (formerly Twitter), to share with their over 30,000 followers the formation of a falling wedge pattern and the eventual breakout that would lead to new yearly peaks.

This analysis, which can be seen in the post below, was shared in September 2024, when the Dogecoin price was still lingering below $0.1 after months of consolidation. At the time, the crypto analyst called out that the altcoin was actually consolidating within a falling wedge pattern and could see a breakout from there. At the time, the target was placed at $0.3, a 300% increase, and once the breakout begun, the price would end up exploding even higher.

At the time, the crypto analyst stated that the breakout would bring the Dogecoin price to $0.3, and afterward, the coin would continue rallying to $1. However, DOGE only managed to reach $0.5 by November 2024, exactly two months after the initial prediction, putting the final target at about half of the original prediction.

This would also solidify the legitimacy of the breakout out of a falling wedge pattern, and now, it seems history is about to repeat itself again.

In a new post on X (formerly Twitter), the crypto analyst highlighted that the meme coin is on the verge of a massive breakout, giving the same 300% prediction as the previous prediction.

Given that the Dogecoin price is currently trending at around $0.17 at the time of this writing, this would put the coin back on the way to $0.5.

“Now Again Doge On Verge Of Massive Breakout, It Can Give Move Like Oct, Expecting 3x From Here,” the analyst said.

Another crypto analyst, Jonathan Carter, has also shared the same sentiment as World of Charts and predicted that the Dogecoin price is also headed for a surge.

This analysis which was published a day before also points out the breakout from a falling wedge pattern, setting four targets for the cryptocurrency.

If the break is successful, the crypto analyst puts DOGE at $0.18 first, and then continues on to $0.23. The last two targets are $0.29 and $0.34, suggesting that the meme coin would rise about 100% at the highest level.