Dogecoin is buying and selling round $0.18 after dropping greater than 29% over the previous week. The asset is down by 9% up to now day alone.
Regardless of the decline, some analysts level to long-term value patterns which will repeat. If the construction follows previous cycles, a pointy transfer greater may observe.
Dogecoin Follows Repeating Market Cycles
The chart from Bitcoinsensus reveals three repeating cycles in Dogecoin’s historical past. Every begins with a big drop, adopted by an extended sideways section, after which a robust rally.
$DOGE MONTHLY MACRO CYCLES
Might 7$ be subsequent on this cycle?
Taking a look at earlier value historical past on #Dogecoin, it has at all times adopted the identical market construction, ending with an enormous transfer on the finish of the cycle.
If we have been to repeat the identical playbook, Doge may see… pic.twitter.com/eWlrPhKHvV
— Bitcoinsensus (@Bitcoinsensus) October 16, 2025
Cycle 1 raised the revenue to over 5,800% at its shut. Cycle 2’s progress was even greater, because it exceeded 21,000% and hit $0.74 in 2021. Indications of Cycle 3 are seen already. Assuming the identical situation happens once more, the value could then go for $5 to $7. Up till now, the setup stays official (despite the fact that unlikely), however a breakthrough has not occurred.
Weekly Chart Reveals Doable Rebound Setup
A chart shared by Dealer Tardigrade reveals Dogecoin on a weekly view. It highlights an extended decrease wick, much like these seen earlier than earlier rallies.
The chart makes use of a wave construction, suggesting that DOGE could also be nearing the top of a correction. If true, the following transfer may kind wave 5, resulting in greater costs. The projected path reveals an increase towards $1.50. For that to occur, the asset should keep above key assist ranges and push previous resistance.
One other submit from Dealer Tardigrade reveals Dogecoin in three phases: consolidation, gradual pattern, and parabolic transfer. The present section is labeled as parabolic, primarily based on rising lows and stronger value motion.
If the trail holds, the chart factors to a doable rise above $1. This transfer relies on continued energy and regular shopping for over time. The setup builds on the value historical past seen in earlier cycles.
Present Market Place
This week, Dogecoin has come out as the most important loser among the many high 20 cryptocurrencies. Its present value is roughly $0.18, accompanied by a 24-hour buying and selling quantity surpassing $3.6 billion.
Nevertheless, the launch of Home of Doge by means of a Nasdaq merger additionally provides to its longer-term presence available in the market. Presently, merchants are monitoring essential factors to find out if the formation will result in a strong rise in value.
The submit DOGE Dumps Arduous, however Historical past Suggests a Whopping $7 Goal appeared first on CryptoPotato.