Dogecoin Eyes Rebound from “Never Miss Zone” as Market Analyst Predicts Stupendous Price Pump This Cycle

Market expert Dima Potts made the lofty call in an X post on Feb. 23, citing cyclical repetition. He suggested that Dogecoin, the largest meme coin by market cap, would defy its current bearish momentum for a staggering 19,533% uptrend.

A market expert has predicted a staggering price pump for Dogecoin (CRYPTO: DOGE) this bull cycle.

What Happened: Market expert Dima Potts made the lofty call in an X post on Thursday, suggesting that Dogecoin, the largest meme coin by market cap, could defy its current bearish momentum for a 19,533% uptrend.

Potts identified that Dogecoin’s recent price action has seen it trend toward the “never miss zone,” from which the token has historically rebounded.

After a consolidation phase in the 2017 and 2021 cycles, the asset surged from this point. Moreover, the wave-like indicator aligns with Dogecoin’s cyclical 1,442-day pattern.

The pointer shows that the prominent meme coin has completed each cycle in 206 weeks, with the last concluding on May 7, 2021.

With the cycle being 1,388 days in, Potts suggested that Dogecoin would soon enter the second phase of its cyclical parabolic expansion.

The market expert also identified the expected peak point for the imminent bullish phase on a chart, indicating an almost 1,636% surge close to $4.

After the phase two pump, Potts speculates that there would be a brief retracement before the final push to the cycle's ultimate target.

Potts highlighted that Dogecoin has consistently crossed the red vertical line on the chart in the last two cycles. Citing the historical pattern, Potts believes that DOGE would follow the line to a peak price of $45 this cycle.

The period in which Dogecoin reaches the level above the red line would determine the timing of this cycle's peak.

Potts expressed optimism that Dogecoin would either meet or exceed the price targets, considering the technological advancement, growing adoption, and emerging institutional traction for the meme coin.

On the Flip Side: Despite the technical analysis suggesting a likely rebound to higher prices, on-chain metrics indicate otherwise.

Whale activities on the Dogecoin ecosystem have reached new lows, with only 66 large transactions and 60,000 active addresses per day on the chain.

Dogecoin users would have to correct this trend to increase the chances of a near-term price upsurge.

DOGE Price Action: At the time of writing on Friday morning, Dogecoin trades down over 4% in the past 24 hours at $0.2325.