The price of DOGA has entered the increasing distribution phase of the Power of Three (PO3) pattern, a structure that follows market accumulation, manipulation and distribution phases.
According to market analyst Trader Tardigrade, this phase could push Dogecoin towards the $1 mark in 2025.
The PO3 pattern started in the Dogecoin accumulation phase, which started in November 2024. The phase occurred during the market recovery after the US presidential election.
But the price pullback in mid-December caused a short-term manipulation phase, marked by a decline and consolidation. Bull run in January 2025 is the beginning of Dogecoin distribution phase.
Gains in early 2025 fuel DOGE price momentum
Dogecoin had a massive annual growth rate of 252% until the end of 2024. However, it then struggled in December, falling 25%.
However, DOGE announced a price drop at the beginning of 2025, but a strong recovery. In the first four days of the month, the token jumped by 23.15% after falling in the last days of 2024.
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Dogecoin is currently trading at $0.3852, up 15% in the last 24 hours. This recovery is in line with the improving bullish outlook for the crypto market and supports expectations for further growth.
Furthermore, Dogecoin is creating a ‘Jump The Creek’ pattern which indicates a transition from Wyckoff’s accumulation phase to the markup phase.
This is a gradual increase characterized by breaks and retests at key resistance levels. This indicates a further upward trend and traders’ confidence.
As DOGE enters 2025, accelerated price growth suggests the start of a ‘Blow-Off Top’ followed by a distribution phase where early investors cash out.
Analysts predict $1 target for Dogecoin
Several analysts are bullish on where Dogecoin is headed during the distribution phase. Trader Tardigrade predicts that DOGE could reach $1, a 157% increase from current levels.
This target is derived from price history and the current bullish structure of the market. Similarly, the progress made by Spirit Blockchain to switch to a yield generation model for Dogecoin was another factor that fueled the DOGE price rise.
This will improve the efficiency of Spirit’s treasury of digital assets and create new channels for revenue generation.
In addition, other analysts gave similar estimates. Javon Marks expects an initial target of $0.6533 before Dogecoin crosses $1 and maybe even reaches $1.20.
Crypto Poseidon also noted that Dogecoin appears to have initiated a second move, which it expects to surpass the previous jump.
Historical analysis also supported the $1 price prediction for Dogecoin. In November 2024, DOGE rose by 160%, which means that even more price increases are possible.
According to experts, the same can happen in the distribution phase. Additionally, the MACD technical indicator, Moving Average Convergence Divergence, is also giving a bullish cross signal as the MACD line is above the signal line.
The histogram also presents signs of positive bullish sentiment, thus in line with the recent price rally near $0.38. T
his is in line with the growth of Dogecoin in the Wyckoff market model, increasing the probability that the DOGE price forecast will reach $1.
