Dogecoin price prediction

Despite Dogecoin's volatile week, experiencing a rally above $0.2 and then correcting back down to lose support at $0.8, some crypto analysts have identified both a bottom and a 7-year cycle that could potentially send the meme coin's price soaring.

According to a trader, Dogecoin is currently "running the cycle of 7 years," predicting a large move up to new all-time highs. This trader points to the cryptocurrency's performance in the seven years preceding its 2021 surge, suggesting that a similar cycle could be underway.

While the recent price movements may not immediately indicate bullish signals, the increased whale activity and the potential for a repeating cycle could signal that Dogecoin still has plenty of steam left. As one trader put it, "we won't believe Doge will be $2, $9, or $40," implying that the potential for growth should not be underestimated.