Dogecoin Price Prediction: Cyclical Pattern Eyes $7.2 DOGE Price
An expert analyst has revealed a Dogecoin price prediction of $7.2, basing this outlook on the direction of the meme coin’s previous market cycles.
The analyst explained that in Cycle 1, Dogecoin began with a deep bear market, characterized by a sharp decline that effectively washed out speculative excesses. This phase was preceded by a long and steady accumulation period, during which investor interest was subdued and prices consolidated. However, once momentum shifted, Dogecoin experienced an explosive upward parabolic move, yielding extraordinary gains and signaling the end of that market phase.
Transitioning into Cycle 2, the pattern repeated itself with near precision, as the meme coin faced a harsh correction after its euphoric top. This led to DOGE establishing stability and gradually recovering through a buildup phase. Eventually, the coin broke out once more, soaring to new highs and delivering another wave of spectacular returns.
Now, as the dog-themed meme coin enters what appears to be Cycle 3, the same structure seems to be forming. The analyst highlighted a red zone indicating the aftermath of the previous bull run, followed by a blue accumulation period, where patient investors typically position themselves.
If historical patterns hold true, Dogecoin is poised to enter the early stages of its next major rally.
Rising Wedge Pattern Suggests DOGE Price Could Reach $1.20
In a separate analysis, a market watcher shared a Dogecoin chart suggesting a potential move towards $1.20.
According to this analyst’s observations, Dogecoin's price action has trended within a rising wedge pattern over the past couple of years. This formation began after the sharp recovery from the 2022 lows and extended through 2023 and 2024. The wedge indicates that volatility was gradually tightening, as higher lows met a sequence of lower highs.
Recently, the meme coin appears to have tested the lower boundary of this structure, a point that often defines the transition between consolidation and expansion. A decisive move below this boundary could briefly unsettle short-term sentiment. However, the analysis points out that historically, Dogecoin has shown a tendency to experience a "fake out" before springing higher.
This pattern of shakeouts before major rallies has repeated multiple times in its history, with patient investors absorbing supply from weaker hands. Should momentum return, the $0.30 region stands out as the first major hurdle, and by clearing it, Dogecoin could ignite a larger bullish wave.
Broader Market Cycle Analysis Predicts Significant Upside for Dogecoin
Taking a broader, more macro view, analyst TATrader_Alan has analyzed over a decade of market behavior for Dogecoin.
Between 2014 and 2017, Dogecoin price endured a long consolidation phase before igniting its first major rally. This rally was later followed by a cooling-off period where the asset consolidated and prepared for its next significant move.
Following the 2018-2020 bear market, the dog-themed meme coin once again formed a rounded accumulation base, depicted on the chart as a gentle orange curve. In 2021, DOGE price skyrocketed to new record highs, driven by a combination of global attention and retail activity.
The ongoing accumulation structure suggests that the groundwork for Dogecoin’s next major expansion has just begun.