- The RSI patterns and DOGE consolidation phases follow historical cycles, signaling a potential peak by January 20, 2025.
- DOGE achieved 93x growth in 2017, 300x in 2021, and forecasts for 2024 indicate potential growth exceeding 300x.
- Analysts are predicting a bull run in 2024, potentially pushing DOGE’s trading value above $20.
DOGE’s performance against BTC is gaining attention 254 days after the last Bitcoin halving. Observations of the DOGE-BTC weekly chart show that the patterns mirror those of the previous halving cycle. A closer look at the Relative Strength Index (RSI) shows that DOGE may lie between key phases, often referred to as Step 2 and Step 3 in cyclical behavior.
Historical RSI Patterns and Current Events
According to the Master Kenobi chart, in the latest halving cycle, the RSI remained above its moving average (MA) for 84 days before briefly moving lower. This phase preceded a significant surge in price momentum that marked the transition to Step 3.
Source:Master Keobi(X)
Recent data shows that the RSI also spent 84 days above its MA before moving lower to a similar level. This consistency with past behavior gives weight to current observations.
Price Action Trends and Consolidation Phases
Analyzing the price action, DOGE experienced a two-week decline against BTC, followed by sideways consolidation. This pattern reflects historical behavior where the duration between a local top and the next peak was 77 days. Applying this framework to the current cycle, the same interval was identified as a key potential movement chart.
Based on these repeating patterns, the consolidation is expected to last about 77 days since the last local high. On this timeline, DOGE-BTC’s next significant peak is on January 20, 2025. The forecast is based solely on timing analysis without taking into account the potential value of DOGE at this stage.
DOGE 2024 Bull Run Targets $20+ with 300x Return
Further research by analysts shows that DOGE’s returns have risen sequentially and prices appear to be in good shape in the midst of another monumental bull run, bringing its trading value to over $20.
Javon Marks’ chart shows that the 2017 cycle recorded a significant upward move, reaching a 93x increase in value. In 2021, the bull cycle has led to a remarkable 300x price increase. The 2024 forecast suggests potential gains in excess of 300x, indicating a continuation of the strong uptrend.
