Dogecoin May Hit $1 Based on Its 4-Year Cycle: Here’s Why

Overview

• DOGE has historically followed a 4-year pattern of declines, recovery, and explosive rallies, with analysts eyeing $1.

• Recent bullish flag patterns suggest DOGE could reclaim $0.27-$0.30 soon, paving the way for higher gains.

• Expected Fed rate cuts and Bitcoin’s stability could provide fresh liquidity, boosting altcoins like DOGE.

Dogecoin (DOGE), the original meme cryptocurrency, is once again at the center of bullish speculation. DOGE has regained momentum after it briefly dipped below $0.20, and it is now trading consistently above that level. Analysts expect the coin to test higher levels soon, with some even predicting a run toward the long-awaited $1 mark. 

Dogecoin’s 4-Year Cycle Pattern

Tracking the Dogecoin price daily helps traders make informed investment decisions. According to KrissPax, Dogecoin has consistently moved in cycles that last about four years, marked by long bear markets, gradual recoveries, and eventual parabolic rallies. 

Many analysts are offering their Dogecoin price prediction for the upcoming months. The chart shows:

• 2014 cycle: A sharp early rally followed by a prolonged decline.

• 2018 cycle: A steep rise before years of sideways consolidation.

• 2021 cycle: A parabolic surge to nearly $0.74, fueled by social media and retail hype.

KrissPax notes that DOGE has “repeated these movements from bear to bull to blow-off top,” suggesting another rally could be on the horizon. He highlighted a white upward resistance line on his chart, indicating that if DOGE follows this path, the coin could climb to $1. 

Fresh Dogecoin news often influences short-term market movements and hype cycles. In a more bullish scenario, if DOGE respects the blue curve plotted from 2017, which assumes diminishing returns but sustained growth, it could even approach $2 in this cycle.

Current Price Action and Short-Term Targets

Dogecoin has bounced strongly since falling below $0.20 in the latest market correction. Over the past week, DOGE has reclaimed the $0.22 level. Analysts see more room for short-term upside:

• Prominent analyst, Ali Martinez, had observed a bullish flag on the hourly chart, predicting the price could move towards $0.27.

• Trader Tardigrade analyzed the breakout on the 4-hour chart and identified a near-term target of $0.295.

Both Martinez and Tardigrade agree that there is potential for a run toward $1 level if DOGE can sustain momentum and continue to exhibit bullish trends. Additionally, Tardigrade noted a bullish crossover on the daily chart, a signal that often precedes stronger rallies.

Also Read: Dogecoin Chart Patterns Signal Big Gains by 2026

Sentiment and Market Drivers

Aside from technicals, sentiment indicators suggest DOGE could be primed for its most significant move of all time. Kevin Capital, another crypto analyst, noted that DOGE’s monthly strength, momentum, and sentiment indicators are all rising, yet the broader market hasn’t recognized DOGE’s potential. He compared this setup to some other altcoins that tended to rally late in the previous cycles.

Macro factors may also provide support for DOGE. Analysts are anticipating the Federal Reserve will lower interest rates in September, which may give additional liquidity to risk assets such as cryptocurrencies. 

Every Cryptocurrency carries risks, but Dogecoin continues to capture investor interest. If Bitcoin continues to hold its key levels of support, capital could funnel into altcoins, with Dogecoin benefiting.

Why $1 Remains Possible

The $1 mark has been Dogecoin’s ultimate psychological milestone for years. In 2021, the coin surged close to $0.74 but fell short of that goal. Analysts argue that the combination of technical chart structures, cyclical history, and macroeconomic tailwinds may finally push DOGE past this barrier.

Key technical levels include:

• Support: $0.20 remains critical as a base.

• Resistance: Short-term resistance lies at $0.27 and $0.30. Clearing these could pave the way for higher levels.

• Cycle targets: $1 remains realistic if the 4-year pattern continues, while $2 is possible in an extended bullish phase.

Also Read: Dogecoin Eyes Breakout as Whales Accumulate 680M DOGE and Golden Cross Forms

Conclusion: DOGE’s Biggest Move May Still Lie Ahead

Historically, Dogecoin has had big rallies after long periods of consolidation, and analysts believe the same may happen in the current cycle. DOGE has bullish technical indicators, a supportive macro backdrop, and increasing analyst confidence; DOGE may be preparing the initial stages for its next big move.

At present, DOGE trades around $0.2222, down more than 4.5% in the past 24 hours. If history repeats itself, the long-discussed $1 milestone could soon become reality and even be exceeded.

FAQs

1. Why are analysts predicting Dogecoin could hit $1?
Because DOGE has historically followed a 4-year cycle of parabolic rallies, with technical charts pointing toward the $1 mark.

2. What is the current Dogecoin price?
As of now, DOGE trades around $0.2222, down over 4.5% in the last 24 hours after a week-long rally.

3. What are the short-term price targets for DOGE?
Analysts see DOGE testing $0.27-$0.30, with further momentum possibly pushing it toward $0.295.

4. Could Dogecoin go higher than $1?
Yes, if DOGE follows its blue resistance curve from 2017, some analysts believe it could touch $2 in this cycle.

5. What factors could drive DOGE’s next rally?
Technical breakouts, strong sentiment indicators, Fed rate cuts, and Bitcoin stability may all contribute to DOGE’s upward momentum.