Dogecoin (DOGE) price action in November 2024 will determine the details about DOGE strength in 2025 – how strong, how long, also when exactly.
DOGE – Always zoom out
There are very strong Dogecoin communities on social media.
Arguably, Dogecoin has one of the strongest crypto communities out there.
While this is admirable, there is one risk to take into account from an investing perspective – the community will focus on short term timeframes.
Here is an illustration:
$DOGE close enough, now go up https://t.co/SChlY0Sm1J pic.twitter.com/n7YfZrkrpi
— Altcoin Sherpa (@AltcoinSherpa) November 3, 2024
Seasoned investors know that it is crucial to focus on the long term. This applies even more to hyper volatile markets like crypto.
We strongly recommend to always take the big picture view of DOGE.
Short term DOGE charts may be fun, meant for entertainment; they can never taken seriously.
DOGE price – the charts that make you go hmm
DOGE price analysis – here is the top down approach.
These Dogecoin charts are sourced from our DOGE price prediction research.
Here is our thesis – DOGE price action in November 2024 will determine whether the price of DOGE will hit our bullish target or stretched target in 2025.
That’s a big and bold statement, nearly as bold as our DOGE to $10 analysis.
Here is the underlying rationale of our bold statement made above – the pattern of DOGE is bullish, strongly bullish, with a higher low that perfectly respects the Fibonacci levels (visualized with colored areas on our charts).
Whenever Fibonacci levels are perfectly respected, investors know that the chart pattern is very reliable. In the case of DOGE, it is clear that the bullish reversal is very reliable.
Readers should carefully look at the chart structure, primarily the support structure, also at it relates to the Fibonacci levels, on the daily Dogecoin chart.
DOGE price charts – focus on reliability
Here is one of the few DOGE price charts that are reliable – a long term view, with reliable and accurate patterns – it might be a different approach and method as our DOGE price charts (shown above) but the attributes are similar.
Golden cross is about to happen folks as it similarly did in the previous cycle.
A terrific gold candle will come next. https://t.co/gByBNpVU2D pic.twitter.com/ZwM0tQ5QxS
— Mikybull Crypto (@MikybullCrypto) November 3, 2024
Dogecoin in 2025
In our latest Dogecoin predictive research update, we alerted readers of upward revisions in our DOGE targets:
- ALERT – Today, we are revising our Dogecoin price forecasts upward: the adjusted DOGE price prediction for 2025 assumes a move to new ATH in 2025.
- Bullish signal – In Oct 2024, our predicted downside target was almost hit but buyers stepped in right above the ‘buy the dip level.’ This is one of the most bullish signals imaginable.
That’s right. Our Dogecoin stance turned more bullish than before, especially since our predicted price drop point did not get hit. That’s a reliable bullish signal.
For now, we stick to a test of ATH in the price of Dogecoin in 2025, as a reliable and feasible target.
We might revise our DOGE forecast upward if BTC clears ATH convincingly before February 5th, 2024.
What’s so special about February 5th, 2024? In our latest crypto premium alert, we explain the critical importance of this date. Get instant access to our premium crypto alerts >>
