If Dogecoin replicates the astonishing 29,000% surge of 2021 again, will you still miss it this time? From $0.76 to the target of $12, the price is not the ceiling; faith and structure are the core logic of Dogecoin.



As most investors focus on the high-level consolidation of BTC and ETH's attempt to break the $3000 barrier, a project viewed by many as an 'emotional coin'—Dogecoin (DOGE)—is quietly replicating its once crazy historical trajectory.


Top technical analyst Trader Tardigrade recently released charts showing that Dogecoin is in a phase of structural repetition, with a price target directly aiming for $12 and a potential increase of up to 5163%.




According to Tardigrade's analysis:


  • 2014 first wave: DOGE rose 300% from $0.0002;


  • 2017 second wave: rose 2900%, reaching $0.006;


  • 2021 third wave: soared from $0.002 to $0.76, with an increase of 29130%.



The common feature of these three rounds of increase is:


  • Long-term triangular consolidation;


  • After breaking through, it enters a wedge structure, ready for another explosion;


  • Time span of 2-3 years, with increases of tens or even hundreds of times.




Currently, DOGE has completed the triangular breakout in October 2023 and has broken the wedge structure this month. This price pattern is considered a prelude to a new parabolic trend.




Two, how did the $12 target come about? Is it really crazy?


Starting from the current price of $0.23, if Dogecoin really rises to $12:


  • The increase is approximately 5163%;


  • Market capitalization will rise to $17.9 trillion;


  • More than four times the current market capitalization of Ethereum (approximately $317 billion).



Does it sound outrageous? But don't forget:


  • In 2021, DOGE achieved nearly 300 times growth in less than 6 months;


  • At that time, there were no L2 expansions, no DeFi scenarios, and not even institutional participation, relying solely on community + Musk's influence to ignite a global FOMO.


And now, the DOGE ecosystem is quietly 'catching up.'



Three, besides structural replication, what other catalytic logic does DOGE have?


  1. Musk and X Payments:

    Dogecoin remains Musk's preferred 'payment candidate'; the X platform he leads is gradually launching payment functions, and whether Dogecoin can become its crypto payment interface still carries high uncertainty and potential benefits.


  2. Scarcity of social coins and cultural assets:

    DOGE is one of the earliest meme coins; it doesn't rely entirely on community humor like PEPE or WIF. It has a real chain, transaction records, and a wide recognition base,The social layer's 'first-mover monopoly' attribute is irreplicable..


  3. Expectations of DeFi and L2 integration:

    In recent years, the community has attempted to combine DOGE with EVM-compatible layers to push it into DeFi and NFT application scenarios. If the ecosystem accelerates, its value will be more than just 'speculation.'


  4. On-chain address activity is warming up:

    According to Mlion.ai data analysis, the number of active DOGE addresses and small holding wallets has been continuously increasing since April, with both on-chain transfer frequency and whale inflow showing a growth trend.




Four, other analysts' views are also 'aligning'


In addition to Tardigrade, many analysts in the market are also beginning to reassess DOGE's structure:


  • TradingView analyst Akbar Karimzsfeh gives a mid-term target of $3;


  • Ali Martinez pointed out: the $0.25-$0.26 area is a key resistance zone, and once it breaks through, it is expected to quickly rise above $0.4;


  • Data shows that DOGE's recent social interaction rate has risen again, and sentiment has clearly warmed up.


This is not an isolated judgment from a single analyst but a triple overlap signal of technical structure, market behavior, and sentiment indicators.




Although DOGE has the ability to explode driven by emotions, it is still not a purely technical-driven coin; its volatility is closely related to sentiment. Investors should focus on the following indicators:


  • On-chain capital flow chart: is there a concentration of whale chips, and a shift to OTC trading;


  • Twitter heat index and keyword explosion frequency: measuring whether FOMO expectations are starting to take shape;


  • Derivative market positioning structure: observe whether large funds are using futures to layout high leverage bets on the rise.



These dimensions can be quickly captured through Mlion.ai's news analysis + whale behavior tracking + strategy diagram functions, searching for potential turning points from the structure, rather than blindly following the trend.



Conclusion: If you missed the last opportunity to buy at $0.002 and sell at $0.76, can you ignore the expectation of $12?


Dogecoin is not a project that relies solely on 'Musk memes,' but rather the 'absolute native currency' of the meme track, with multiple consensus assets including narrative, structure, community, history, and brand.


This time, why not use more rational strategic tools, such as Mlion.ai's AI prediction model and on-chain analysis system, to ensure you don't just see the dream of 'Dogecoin soaring' but are ready to catch the right K-line before 'Dogecoin takes off.'



#DOGE:

Disclaimer: The above content is for information sharing only and does not constitute any investment advice!