- Analyst Tardigrade projects DOGE could surpass $6 if historical cycles repeat.
- Retail DOGE holdings rose 1.44% in 30 days, showing renewed interest.
- Whale wallets increased holdings by 0.34%, hinting at quiet accumulation.
Dogecoin (DOGE) may be setting the stage for a significant price move following a week of notable market activity. After dipping to $0.1689 at the end of April, DOGE snapped back to life, bouncing toward $0.176 just days later.
With volume soaring close to the $600 million mark, this isn’t just another meme coin mood swing—this could be the calm before a stellar blastoff. Chart watchers and crypto bulls are whispering about a climb to $6, and if the past week’s resilience is any clue, DOGE might just be strapping in for launch.
DOGE Cycle Repeats: Chartist Forecasts Major Upswing
Dogecoin may be entering a new phase in its long-term price cycle, according to technical analysis shared by crypto market analyst Trader Tardigrade. The analyst points to a recurring historical pattern that suggests the cryptocurrency could be transitioning into a phase typically associated with upward momentum.
In his analysis, Tardigrade breaks DOGE’s journey down into three key stages that have repeated since 2014:
- Stage 1 – The Quiet Buildup: During this period, DOGE shows patterns of stretching and warming up—long periods of sideways movement with little excitement.
- Stage 2 – Gearing Up: Here, the price starts to move, volume builds, and the crowd begins to pay attention.
- Stage 3 – Liftoff: Boom. Massive rally. This is where Dogecoin has historically gone vertical—like in 2021, when it skyrocketed to $0.73.
Right now, DOGE is bouncing off its long-standing Stage 1 trendline, turning what was once resistance into new support. This bounce could mark the start of what’s known as Stage 2, a phase where the token’s price starts gaining momentum before a major rally.
Tardigrade, however, expects this to boost DOGE to its former high, which, in this case, would be the ATH of around $0.73. According to Tardigrade’s study, a clean breakout above this level might push DOGE into its final and most aggressive phase, Stage 3, of its historical cycle.
In prior cycles, this stage has seen the biggest gains for Dogecoin. As a result, based on the chart structure and past rallies, the analyst reckons that DOGE is likely to rocket up to even $6 or higher if buying pressure and conditions line up. Although speculative, the analysis is supported by a chart pattern that has been consistent over the last decade. Besides, DOGE fans may want to buckle up if the token is truly in Stage 2 for a third time.
Dogecoin On-Chain Data Shows Whale Confidence and Retail Uptick
While charts are pointing to a potential breakout, something interesting is also happening behind the scenes: the way Dogecoin is being held is starting to shift. New data from IntoTheBlock shows that more retail holders are returning to DOGE, with retail ownership rising 1.44% in the past 30 days. At the same time, institutional investors—often seen as mid-sized long-term holders—have reduced their share by 2.59%.
What’s even more notable? Whales, the most oversized DOGE holders, are slowly increasing their slice of the pie, growing their share by 0.34%. While that may sound small, it’s a sign that the biggest players aren’t backing away—in fact, they could be getting ready for something.
This kind of shift has happened before. Back in 2021, when retail interest and whale activity picked up together, Dogecoin saw one of its biggest rallies in history. Fast-forward to May 2025, and the cryptocurrency is seeing a similar mix brewing again: price consolidation, increasing small-holder interest, and quiet accumulation from large wallets. While not a definitive indicator, the current on-chain trends reflect patterns observed ahead of previous Dogecoin price increases.
