Dogecoin’s historical patterns suggest $1–$2 targets in the current four-year market cycle.
Clearing $0.36 could pave way to $0.70, supported by golden cross and double bottom setup.
Elliott Wave 3 projection targets $0.3763, with possible run toward $0.45–$0.50 range.
Dogecoin’s long-term chart history continues to show patterns that align with the four-year cryptocurrency market cycles. From extended bear phases to bull runs and blow-off tops, the coin has consistently repeated these movements. Historical data suggests another major upward phase could take shape in the fall of the current cycle.
Historical Patterns and Price Projections
According to CoinMarketCap data, Dogecoin has experienced three major price surges since 2014. Each surge followed extended consolidation phases with higher lows, forming along yellow dotted trendlines. A white upward sloping resistance line connects long-term highs, excluding the extreme spike of May 2021 to $0.73.
Based on this resistance line, projections place a potential price target of around $1.00 during the next market peak. An alternative projection, based on a blue arc starting in 2017, accounts for diminishing percentage gains as market capitalization grows.
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This model indicates the possibility of reaching $2.00 during this cycle before stabilizing in a higher trading range. The historical chart data supports the observation that Dogecoin’s performance moves in predictable phases. These phases have typically accelerated in the latter part of a bull cycle, often producing the largest upward moves.
Current Technical Setup and Market Activity
Dogecoin is trading near $0.2308 after recent volatility, with market capitalization at $34.73 billion. The coin recorded a daily low of $0.2227 before recovering toward the $0.2400 range. Trading activity has remained elevated during both upward and downward movements.
According to an observation by Ali Charts, clearing the $0.36 level could open the path toward $0.70. Recent technical patterns include a golden cross, where the short-term moving average moved above the long-term average, and a confirmed double bottom near $0.15.
In Elliott Wave terms, the recent pullback from $0.25 to $0.22 aligns with the formation of Wave 2. If Wave 3 begins, analysts project an initial target of $0.3763, with possible extensions toward $0.45-$0.50. Traders are also monitoring speculation about a potential DOGE ETF, which could bring increased institutional interest.
The post Analysts See $1 to $2 Targets for Dogecoin as Four-Year Cycle Patterns Persist appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
