Headline: Dogecoin set for potential upside as analysts point to 4-year cycles and near-term breakout
Crypto analyst KrissPax has argued that Dogecoin could still reach the $1 level, basing his view on the cryptocurrency’s historically repeating four-year cycle. He suggested that DOGE’s pattern from bear markets through bull runs and blow-off tops points to a parabolic rally this fall. According to his chart, if DOGE respects a white upward-sloping resistance line, the price could retest the $1 mark, while following the blue arc from 2017 could push it as high as $2 in this cycle.
DOGE has been on the mend after dipping below the $0.20 level in the last market correction. The meme coin has risen about 17% over the past week and is aiming to reclaim a prior local high near $0.26, a target echoed by Ali Martinez who recently said DOGE could move toward $0.27 as it forms a bullish flag on the hourly chart.
Trader Tardigrade also joined in on the bullish thesis, noting a four-hour breakout and a daily bullish crossover that, in his view, points toward a potential $1 target for DOGE as part of its continuing uptrend.
Another optimistic note comes from Kevin Capital, who warned that the best move for Dogecoin might still be ahead. He observed that monthly momentum, strength, and sentiment indicators across DOGE imply investors haven’t yet witnessed the meme coin’s full potential. With macro conditions stable and Bitcoin price resilience in play, Capitol suggested DOGE could see its biggest surge if the broader macro backdrop remains supportive. He also mentioned that a September rate cut by the Fed could inject more liquidity into the market, benefiting DOGE.
As of now, DOGE is trading around $0.236, up roughly 2% in the last 24 hours, according to market data.
What to watch
– If DOGE continues to respect the observed resistance patterns and bullish breakouts, the path toward higher targets could remain intact.
– Monitor macro liquidity shifts, especially any Fed policy moves in September, and Bitcoin performance, as these often influence altcoin momentum.
– On-chain activity and holder behavior could provide additional clues about whether the rally has legs beyond short-term speculative plays.
Summary
A cohort of analysts is aligning on a possible continuation of upside for DOGE, anchored by cycle theory, chart patterns, and favorable macro conditions. While a move toward higher targets like $0.27 in the near term and even the potential for a longer-term move toward $1 or beyond is conceivable, the scenario remains speculative. Investors should weigh the hype against DOGE’s relatively limited fundamental drivers and stay mindful of the inherent volatility in meme-coins. A cautious, observation-focused approach with attention to macro signals and Bitcoin trends may serve well in navigating DOGE’s next few moves.