A crypto analyst, Dima James Potts, is predicting a huge price jump for Dogecoin – all the way to $10! While that seems crazy considering its current price, he’s basing his prediction on a fascinating pattern he’s spotted.
Bitcoin’s Role in Dogecoin’s Potential Surge
Potts’ prediction hinges on Bitcoin hitting a new all-time high (ATH). He believes that once Bitcoin closes a week above its previous ATH of $109,450, Dogecoin will explode. Currently, Bitcoin is trading below that level, but Potts remains optimistic.
The Secret Pattern: Logarithmic Arcs
Potts has identified a recurring pattern in Dogecoin’s price history: a logarithmic arc. This pattern shows periods of consolidation followed by sharp price increases. He’s seen this happen multiple times since 2014. Each rally started after Dogecoin broke through a descending trendline, usually with a big jump in trading volume.
Why the Delay?
This time around, the pattern’s taken longer to develop due to Dogecoin’s peak in the 2021 bull market. Despite this, Potts says the current price action still fits the pattern, suggesting a major upward move is brewing.
Timing is Everything (Maybe)
Potts’ chart shows several key indicators:
- Descending Trendlines:
These have acted as resistance points in the past, with breakouts leading to significant price increases. - Vertical Lines: These mark the timing of previous Dogecoin peaks, with the next one projected around October 27, 2025.
- Accumulation Length: Past rallies followed periods of over 1400 days of sideways price action. Dogecoin has already surpassed this, with over 1600 days of sideways movement.
The Bottom Line
Potts believes the combination of this historical pattern, Bitcoin hitting a new ATH, and the extended accumulation period strongly suggests Dogecoin is poised for its biggest rally yet. While a $10 price target is ambitious, his analysis of historical trends provides a compelling, albeit speculative, case.
