Market analyst Dima Potts predicts Dogecoin could skyrocket 19,533% this cycle. In a Feb. 23 X post, he cited historical patterns as the basis for his bold forecast. He believes the top meme coin will overcome its current bearish phase and push toward a staggering $45.
Dogecoin Struggles Amid Market Correction
Dogecoin has faced a tough market, dropping over 52% from its December high of $0.4846. It has posted losses in five of the last six weeks. Despite this, Potts remains optimistic. He expects DOGE to recover and at least hit $10 before peaking.
7-day price chart. Source: CoinMarketCap
Potts pointed out that Dogecoin has entered the “never miss zone,” a key support area from which it historically rebounds. The token surged from this zone in both the 2017 and 2021 bull cycles.
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Additionally, Dogecoin follows a 1,442-day cycle. Past trends show each cycle lasted about 206 weeks, with the last ending on May 7, 2021. With the current cycle now at 1,388 days, Potts suggests DOGE will soon enter its next explosive phase.
DOGE Set for Two-Phase Surge
Potts predicts an imminent parabolic move. He expects an initial 1,636% surge to nearly $4. After a brief pullback, DOGE could make its final push toward $45. His analysis also highlights the coin’s pattern of crossing a key red line in past cycles.
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He believes Dogecoin will repeat this move, reinforcing his price prediction. While technical indicators show bullish potential, on-chain metrics tell a different story. Whale transactions have hit record lows, with just 66 large trades and 60,000 active addresses daily.
Dogecoin users must boost activity to increase the odds of a rally. For now, DOGE trades at $0.2325, down over 4% in the past 24 hours.
