Is Dogecoin Ready for Its Third Explosive Phase? Expert Predicts Strong Price Increase After Decline

Dogecoin (DOGE) may have to go through an extended period of difficulty before entering a strong uptrend, expected to start from April 2025. That's the opinion of expert Master Kenobi, a user on platform X, shared in a recent tweet. According to Master Kenobi's analysis, Dogecoin has experienced significant price fluctuations in 2024, skyrocketing to around $0.23 before stagnating for several months before breaking out in the final months of the year, reaching a new high above $0.40. If this price pattern repeats, Dogecoin could enter a stagnant phase until mid-April 2025 before experiencing a resurgence around mid-year. Can Dogecoin Increase in Price Sooner Than Expected? This is an interesting hypothesis. However, Dogecoin supporters will be pleased to know that the risk currently leans more towards the possibility of DOGE price increasing sooner than expected, rather than having to wait until April next year. Why? The Department of Government Efficiency (D.O.G.E) - a humorously named department - under the leadership of Elon Musk (a long-time supporter of Dogecoin) will officially operate in Washington in January. US President-elect Donald Trump, who is predicted to have the most pro-cryptocurrency policy in history, has tasked D.O.G.E with reducing fraud and wasteful spending in government expenditures. Elon Musk has begun to influence Washington. His candid criticisms on the X platform regarding a recent congressional spending bill has reduced the length of the bill from over 1,500 pages to just over 100 pages. D.O.G.E is predicted to be the center of attention in the headlines in 2025, ensuring that Dogecoin continues to maintain significant attention in the meme coin market. This means that as Trump's government economic policies continue to raise cryptocurrencies in the coming weeks, Dogecoin will become one of the top choices for outstanding growth. However, the current chart analysis indicates short-term downside risks for DOGE. Currently trading around $0.32, Dogecoin has dropped below the 21-day and 50-day moving averages (21DMA and 50DMA) following a price decline last week.

DOGE has not retested the early 2024 high at the 0.23 USD level, an important threshold that the sellers are targeting. Chart analysis suggests that DOGE may continue to decline in the short term. However, if the price drops to the low area of $0.20, this could be a good buying opportunity. With the ability of Dogecoin to surpass the $1 mark and achieve a five-fold increase in this price cycle, it is considered one of the most worth-buying cryptocurrencies today. DYOR! #Write2Win #Write&Earn $BTC $DOGE {spot}(DOGEUSDT)