Dogecoin has develop into generally known as one in all the altcoins within the crypto market to placed on impressive rallies with each bull market cycle. These powerful performances have solidified it as an investor favorite, and the present cycle is not any different. With the expectation that the crypto market will see one other bull run in the approaching months, analysts imagine that the Dogecoin price is ready for an enormous price surge that would send it into the double-digits territory.

Historical Bullish Chart Formation Returns

Crypto analyst Dima James Potts took to X (formerly Twitter) to share an interesting formation within the Dogecoin chart. This evaluation takes into consideration the previous performances of the meme coin in crypto bull cycles and the way the value has behaved leading as much as each rally.

For instance, the crypto analyst points out that leading as much as the 2017 bull market, there was an intersection between the Dogecoin bear market bottom and the bull cycle top. What followed this formation was a 9,000% rally that took the meme coin’s price from $0.00009 to $0.014.

Then, like clockwork, leading as much as the subsequent bull cycle that resulted in 2021, the Dogecoin price repeated the identical pattern. Once more, there was an intersection of the road leading from the bear market bottom with that leading from the bull market top, as illustrated within the chart.

Similar to in 2017, this intersection marked the start of one other significant rally for the Dogecoin price. Propelled with help from the likes of billionaire Elon Musk, the Dogecoin price went from below $0.015 to $0.7, completing an 18,000% rally during this time.

Now, this same pattern has returned and like before, the crypto analyst expects that it’s the signal that the DOGE price is able to go on one other rally. The lines have now intersected like before. Moreover, Potts points out that there’s all the time a price increase for Dogecoin within the third 12 months of each cycle. This puts the beginning of the subsequent bull rally sometime in 2024, before the most important rally happens in 2025.

Dogecoin Price Could Touch $10

Using the same trend that has emerged to the last two bull cycles, Potts believes that the Dogecoin price is preparing for a considerable price increase, especially in 2025. Using the previous surges, he predicts that the DOGE price could rise as high as $10.

If this happens, it will mean an around 10,000% increase from the meme coin’s price of $0.1 on the time of this writing. “In the primary cycle (2017), Dogecoin saw a 9000% increase, and within the second (2021), it rose by 18,000%. If this trend continues, we may witness an equally impressive, if not larger, price appreciation within the third cycle,” the crypto analyst stated.

Featured image created with Dall.E, chart from Tradingview.com