Dogecoin’s Third Leap Incoming? Analyst Predicts Explosive Rally After Dip

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Ilija Rankovic

Crypto Editor

Ilija Rankovic

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Last updated: 

December 23, 2024

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Dogecoin (DOGE) could be in for a prolonged period of pain, following by an explosive rally starting in April 2025.

That’s according to the analysis of X user Master Kenobi, who outlined this interesting take in a recent tweet.

Master Kenobi looked at the price action of Dogecoin in 2024, where it saw a surge to highs in the $0.23 area, before then stagnating for months ahead of a breakout in the final final months of 2025 to new yearly highs above $0.40.

If this price pattern repeats, that could mean Dogecoin is in for a period of stagnation until mid-April, before then breaking out again around the mid-point of next year.

Could a Dogecoin Rally Come Sooner?

Its an interesting theory. But the Dogecoin bulls will be pleased to hear that risks are very much tilted in favor of the Dogecoin price rallying much sooner than next April.

Why?

The facetiously named Department of Government Efficiency (D.O.G.E), headed by none other than Elon Musk (an ardent Dogecoin supporter for years now) is set to officially land in Washington in January.

Incoming US President Donald Trump, whose administration is set to be the most pro-crypto in history, has given DOGE a mandate to reduce fraud and waste in government spending.

Musk is already having an impact in Washington – his vocal criticisms on X of a recent Congressional spending bill resulted in the bill being reduced from over 1500 pages in length to a little over 100.

Expect D.O.G.E to dominate the headlines in 2025, all but ensuring that Dogecoin retains a commanding portion of mindshare in the meme coin markets.

That means as the Trump trade returns to lift crypto prices higher, as is likely in the coming weeks, DOGE will be a prime candidate to outperform.

However, chart analysis continues to point to downside risks for the Dogecoin price, for now.

Last around $0.32, Dogecoin fell under its 21 and 50DMAs following its price collapse last week.

And DOGE is yet to retest its early 2024 highs in the $0.23 area, which will be a key target for the bears.

Chart analysis suggests DOGE could be headed lower in the short term. However, if it does reach the low $0.20s, it could be a great coin to buy on the dip.

With Dogecoin likely to vault above $1.0 and post gains in the 5x region this bull market, it’s a strong candidate for best crypto to buy now.

Dogecoin Alternative to Consider – Flockerz (FLOCK)

While Dogecoin could do very well in 2025, there are many smaller, lesser-known meme coins that could post far larger gains.

The team at cryptonews.com keeps a close eye on the meme coin market as they hunt for high-potential projects.

And one new meme coin they like a lot is an exciting new DAO-powered vote-to-earn meme coin called Flockerz (FLOCK).

One of the reasons analysts at cryptonews.com are so excited about this token is the impressive pace at which is has been raising funds from earlier investors.

Despite only launching a few weeks ago, Flockerz (FLOCK) has already attracted over $7.6 million from eager buyers.

Couple that with its impressive social media metrics, and this token is looking like a meme coin that could really pop.

With new meme coins like Fart Coin recently hitting a $1 billion market cap, the appetite for novel new meme coins appears elevated. FLOCK could easily become one of the best meme coins to launch in 2024.

ClayBro outlines in the video below why he thinks FLOCK is set to launch at the perfect time, just ahead of a new meme season.