- Dogecoin has jumped 800% since 2024 and analysts believe its third big cycle could trigger another massive price rally soon.
- Past Dogecoin cycles saw gains above 50,000%, and current trends suggest a faster climb as buyer demand keeps building.
- Experts see strong buying pressure and expect Dogecoin could hit $2.28 or even higher if momentum keeps growing.
Dogecoin analysts point to historical cycle patterns repeating once again. According to analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL, the current third market cycle could mark the beginning of another parabolic wave. “$DOGE Cycle 3 continues. Heading toward parabolic waves once again,” he wrote on X, highlighting that Dogecoin has already gained 800% since its December 2024 bottom. He noted that past cycles delivered monumental returns of +21,825% and +54,890%, hinting that the meme coin could be ready for another historic surge.
Historical Patterns Support Bullish Outlook
EᴛʜᴇʀNᴀꜱʏᴏɴᴀL’s weekly chart traced three distinct market cycles from 2014 through 2027, showing Dogecoin’s recurring pattern of accumulation, breakout, and correction. The first cycle from 2014 to 2017 saw a massive 21,825% gain, followed by a correction known as the “DIP.” The second cycle between 2017 and 2020 produced an even steeper climb of 54,890%, peaking around 2021 when retail interest skyrocketed.
The third and current cycle, which began in 2021, reflects an 800% surge from its previous dip. The coin traded at $0.24890, forming higher lows along ascending trendlines. These lines, connecting all major dip points, confirm Dogecoin’s long-term bullish structure. Moreover, shorter timeframes between cycles suggest faster peaks as demand accelerates.
Analysts Expect a Steeper Run
Market analyst JAVONMARKS reinforced the bullish outlook, citing strong Fibonacci projections. “In the past two cycles, $DOGE has been 100% in meeting the 1.618 Fib Level,” he stated. He added that this cycle’s 1.618 Fib Level sits near $2.28, implying another 800% rise from current levels. However, he also noted that if Dogecoin mirrors the last cycle’s performance, it could soar over 3,690%, reaching prices above $9.8.
Consequently, traders see rising buying pressure as volumes grow near critical trendlines. Besides, the market’s consolidation phase between 2022 and 2024 created a strong base for the next leg upward.
