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The price of Dogecoin in good position for an increase to $ 8

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Standing facts:

  • Dogecoin (DOGE) has shown a recurring cycle of decrease, growth in canal and potential rupture.
  • The key of the key support remains firm, with multiple rebounds at historically low points.
  • The daily graph indicates higher hollows and RSI curves indicating upward continuation.

Between May 2 and 5, the price of Dogecoin experienced a gradual decrease in its value. It went from $ 0.18 to a little less than $ 0.16 during this period.

During this period, the asset underwent slightly down pressure, as confirmed by its drop by 0.8 % in 24 . Over the past seven days, the DOGE fell 2.7 %, extending the downward trend.

However, on the 14 - scale, it remained in positive territory with a gain of 8.6 %. This suggests a medium -term persistent dynamic. Despite short -term weakness, the technical signals indicate a push of buyers defending the level of $ 0.17.

The price of Dogecoin repeats a scheme

The multi-cycle analysis of Tardigrade trader shows that the price of Dogecoin follows a clear cyclic trend. This trend was identified for the time in 2014 and continues to shape its long -term movement.

The analyst identified three cycles between 2014 and 2025, each following a separate scheme. The cycles begin with a prolonged downward trend, then enter an accumulation phase within an ascending channel. Finally, they end with a brutal parabolic rupture.

Prediction of the price of dogecoin
Prediction of the price of Dogecoin | Source: X

Cycle 1, from 2014 to 2017, began with a substantial fall in prices that reached their lowest level around $ 0.0001 at the start of 2016. This phase was followed by a regular rise inside an ascending channel, prices oscillating between 0.00014 and 0.0005 dollars.

In 2017, the cycle ended with a rupture which pushed Doge to a peak of approximately $ 0.018. Meanwhile, cycle 2 took place between 2018 and 2021. The price dropped from the 2018 summits, reaching its lowest level at around $ 0.001 in 2020.

Subsequently, an upward trend based on a channel allowed DOGE to go from $ 0.0010 to $ 0.0065. At the beginning of 2021, a significant breakup , propeling the price at almost $ 1.00, its highest historic level. The structural similarity with the first cycle reinforces the potential reliability of the diagram.

Cycle 3 started in 2022 and follows the same trajectory. The price of Dogecoin dropped throughout the year 2022 and until the middle of the year 2023, reaching levels below $ 0.05. Since then, the asset has followed an ascending trajectory inside another ascending channel.

The price from $ 0.055 to approximately $ 0.43 supports this point of view, with DOGE now near the upper . Tardigrade notes that price symmetry and timing on the three cycles indicate a possible break.

If the trend is maintained, the price could reach new heights. Potential targets are between $ 1.00 and $ 8.00, depending on market conditions.

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Steph is the “legendary” support line of Crypto Highlights

Another analysis of “Steph is crypto” strengthens the long -term strength of the ascending trajectory of Dogecoin. The analyst has identified an important support trend line, the “legendary trend line”, connecting three critical price hollows over the years.

The trend line appeared above $ 0.001 at the start of 2020 and reached $ 0.06 in 2024. It recently retests at around $ 0.13 in 2025, which confirms its relevance.

Doge/USDT price graphics
Doge/USDT price graphic | Source: X

Each rebound from this line has historically led to a bullish movement. In particular, DOGE did not cross this line during the cycles, which indicates continuous support from buyers at key levels.

The most recent interaction with this line has coincided with the recovery of prices during the month. Steph’s graph stresses that the ascending support structure remains intact, which strengthens the idea of ​​maintaining the bullish configuration.

The analysis suggested a potential price target of $ 10 for Dogecoin, based on speculation. However, the emphasis remains on constant bullish movements from the trend line. The graphic aligns with long -term dynamics, offering a context to the recent short -term volatility.

Recurrent configurations of the RSI index and the Dogecoin trend line

Other information provided by Trader Tardigrade makes it possible to take a closer look at the daily Dogecoin time scale. The analyst has identified a recurring scheme in which Doge bounces on a line of ascending trend, constantly forming higher hollows.

This trend was maintained through various market fluctuations, especially in September of the previous year and in April 2025. The structure was short -lived in both cases, because false reversals before the actual rupture were visible.

The rounded hollows of the relative force index (RSI) also made up configurations. Strong increases tend to follow when the RSI index curve turns upwards beyond the 50 mark.

This RSI configuration is formed again, coinciding with the current defense of the ascending trend line. The graph suggests that the price of Dogecoin could achieve an intermediate target of $ 1.00 soon. This projection is based on the continuation of the current price structure.

Non-liability clause

This article is published for information only and does not provide any financial advice, investment or other. The author or persons mentioned in this article are not responsible for financial loss that may from an investment or transaction. We invite you to find out before making a financial decision.

godfrey
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