Dogecoin's price has slowed after breaking resistance at $0.35 in November. Despite a recent dip below the 50-day EMA, analysts project a bullish long-term outlook for 2025, with target prices between $2.35 and $2.60, representing potential gains of up to 683% from current levels. A key factor highlighted by analysts like Chandler Bing is the repeated patterns observed during previous bull runs, which suggest an impending breakout. Additionally, trader Javon Marks supports similar price expectations based on Fibonacci extension levels, indicating a history of significant price increases during prior cycles. After a flash drop to $0.262, Dogecoin rebounded, maintaining above $0.30. Analysts believe that with a reclaim above $0.35, Dogecoin could establish a higher high going into 2025, suggesting a potential bottom is being formed now. Historical trends and the current market conditions show a likelihood for a bullish turnaround, increasing confidence in the projected price targets.

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