- DOGE Cycle 3 mirrors past patterns, targeting a breakout toward $12.
- $210M in short leverage above $0.1721 may fuel DOGE’s subsequent rally.
- DOGE rebounding from key support, eyeing almost a 7,000% historical surge.
Crypto market analyst Trader Tardigrade projects that Dogecoin (DOGE) is on the verge of a historic breakout, as the memecoin enters the final phase of its third major market cycle. According to his chart analysis, DOGE has repeated a consistent pattern over the past decade — each cycle beginning with a falling wedge, transitioning into an ascending channel, and culminating in a parabolic rally. The current setup suggests a similar trajectory is unfolding in Cycle 3, with a potential price explosion toward $12, a nearly 7,000% surge from current levels.
History Repeats? Analyst Predicts DOGE Could Surge 7,000%
During Cycle 1 (2014–2017), DOGE crashed from its peak of $0.00232 in a falling wedge to a lower high of $0.00046 in 2015. From here, the token entered an ascending channel and broke out in early 2017 to go as high as $0.01877, a gain of 3,055% against the breakout.
Cycle 2 (2018–2021) mirrored this structure. DOGE declined into another wedge, bottoming at $0.00353 in 2020 before rebounding within an ascending channel. A breakout at the channel’s base in early 2021 propelled DOGE to its all-time high of $0.73, a whopping 15,000% jump from there.
The token is now in Cycle 3. From the 2021 peak, it fell into another wedge and bottomed at $0.10720 in 2023. From there on, DOGE went on to form a new ascending channel and has started rebounding from its lower support line. According to Trader Tardigrade, if history repeats, the DOGE cryptocurrency could surpass $8 (a 4,500% increase) and even come close to $12.
While this is highly speculative, much like the repetitive structural symmetry seen across cycles, it has some semblance of bullish support reflected through projection models, indicating that traders may just be starting to witness another explosive move.
Long vs. Short: Dogecoin Liquidation Map Reveals Crucial Battle Zone
Recent data from the DOGE Exchange Liquidation Map supports this outlook. Such a move demonstrates a critical market repositioning, which could enhance volatility as DOGE gets closer to key resistance points. Looking at the current price of $0.1721, a significant cluster of liquidation is visible just below, where cumulative long liquidation leverage has crossed about $65.31 million at $0.1668.
Part of this is $5.20 million on Binance, $3.39 million on OKX, and $2.58 million on Bybit, all showing a confluence of long positions in a cramped area that could easily be shaken out on some sharp downside moves.
Meanwhile, cumulative short liquidations build up steadily above the current price, piling over $200 million in short leverage against the $0.1965 level above the current price. The imbalance indicates that a bullish breakout could fuel a cascade of short liquidations, giving plenty of room for any follow-through to the upside.
Despite volatility still likely in place, historical price cycles, liquidation data in real time, and renewed buying pressure have DOGE in a state where a breakout toward $8–$12 is now more realistic, provided that momentum holds.
