Dogecoin could still have more in the tank, as a recurring price pattern hints at a possible price growth to greater heights this fall.
Dogecoin’s chart appears to be in bad shape compared to Bitcoin’s. While the crypto leader has consolidated between $100,000 and $112,000 in the past five weeks, DOGE is on course for its fifth consecutive weekly loss unless prices turn around before Sunday.
Furthermore, Dogecoin has corrected from its May high of $0.26, nearly relinquishing all of its 35% gain in that month. Nonetheless, investors remain confident that DOGE could still reverse its current bearish situation and target higher prices in the near term.
Four-Year Bullish Cycle Still in Play
Top analyst KrissPax noted in his June 19 X post that the four-year crypto cycle is still in play; hence, it is too early to write off Dogecoin. Remarkably, DOGE, the largest meme coin by market cap, has a history of putting on a show every bull market, rallying over 4,000% and 20,000% in the last two cycles.
With that in mind, the Thursday commentary identified a price development that resembles another pattern from two years ago. Interestingly, this pattern led to a 303% surge from $0.057 in October 2023 to $0.23 in March 2024.
For context, this pattern involved two sets of price lows, seen in August and October 2023, followed by a pattern where Dogecoin rallies to a high. However, DOGE appreciates and cools off before and after the price high, before experiencing massive growth.
Recurring Pattern Suggests Imminent Rally
Meanwhile, KrissPax has identified a similar pattern formation in Dogecoin’s recent price action. DOGE reached the lows of $0.143 and $0.129 in March and April 2025, aligning with what was seen in August and October 2023.
Now, it has formed a similar pattern, marking an uptick to April’s high of $0.193, then consolidating before a fresh rally to May’s high of $0.260. After the top, DOGE formed a lower high at June 11’s peak of $0.206, mirroring the 2023/2024 price action. As a result, the analyst predicted a similar rally targeting a four-year high of $0.60.
Dogecoin Analysis/KrissPax
Interestingly, he boldly placed a timeline on this 253% uptrend, asserting it would happen this fall. Notably, fall, also known as autumn, is the transitional period between summer and winter, typically beginning in September and lasting until December in the Northern Hemisphere.
Other Bullish Dogecoin Outlook
Moreover, KrissPax is not the first to forecast a rally to $0.60 for Dogecoin. Whalesdesk recently asserted that Dogecoin would attain the price mark, citing a breakout from a descending triangle.
However, some analysts find the $0.60 target conservative for Dogecoin. CryptoELITES recently insisted that Dogecoin is going to $5, arguing that anyone not expecting that price does not “know anything.”
Nonetheless, Dogecoin is trading at a critical juncture, and analyst Ali Martinez suggests that a close below $0.16 would signal bearishness, while a close above $0.22 would ensure a 60% rally. DOGE trades at $0.170 at the time of writing.
Read the full article here
