Dogecoin price is headed for a massive rally, according to a crypto analyst who predicts a 730% surge to a new record high.
The analysis points to a repeating cycle that has defined Dogecoin’s growth over the years.
Each cycle has shown periods of sharp rallies followed by deep corrections, yet every phase built the foundation for the next big move.
Dogecoin Price Ready For 730% Surge
According to an analysis by crypto expert Crypto Rover on X, Dogecoin follows a clear pattern of repeating market cycles.
The chart highlighted three distinct phases, each showing strong growth followed by significant corrections.
In Cycle 1, Dogecoin experienced an early surge, which set the foundation for future rallies and demonstrated its volatility as an emerging asset.
In Cycle 2, the move was far more dramatic. After a long period of sideways consolidation, Dogecoin broke out sharply, reaching new highs before retracing.
This phase showed how momentum built in waves and how past resistance zones often transformed into strong areas of support.
By Cycle 3, a similar pattern began to take shape. Dogecoin consolidated again after its initial upward push, reflecting the rhythm of earlier cycles.
The Fibonacci extensions on the chart pointed to potential upside targets, offering a roadmap for price expansion if bullish momentum persisted.
Crypto Rover’s analysis emphasized how market psychology had driven Dogecoin’s recurring cycles.
Each cycle expanded in scale, suggesting that Cycle 3 held the potential for another major rally, even as volatility remains an important factor.
Dogecoin Market Dominance Is Reversing Upwards
Another analyst with a similar bullish outlook, Mr. EtherNasyonal, shared a chart highlighting Dogecoin’s market dominance.
His analysis points to a clear technical shift. After years of trading under a strong descending trendline, Dogecoin finally broke above it.
This breakout was followed by a healthy retest, confirmed by a bullish pin bar formation, which often signals renewed buyer strength.
Furthermore, the chart shows that after retesting support, Dogecoin has begun consolidating within a smaller falling wedge pattern.
Historically, this setup often resolves to the upside. The projected move suggests a potential rally that could lift dominance significantly higher in the coming months.
The market structure has transitioned from long-term weakness to a more constructive phase.
If momentum continues, Dogecoin’s dominance could climb steadily, making this a key area for traders and investors to watch.
Grayscale Files Ammended Dogecoin (DOGE) ETF S-1 File
Grayscale took another step in its push to turn its closed-end Dogecoin trust into an exchange-traded fund.
The company filed an amended S-1 with the U.S. Securities and Exchange Commission on Friday.
In the filing, Grayscale named Coinbase as both its prime broker and custodian. If approved, the DOGE ETF would trade on NYSE Arca under the ticker GDOG.
NYSE Arca had already submitted a form earlier to support trading for the Grayscale Dogecoin Trust.
On the same day, NYSE Arca also moved forward with a related update. It filed a proposal to adjust the Grayscale Ethereum Trust and its smaller “mini” version.
These funds were set to trade under the newly approved generic listing standards, which required lighter SEC oversight.