Dogecoin (DOGE) whales have capitalized on the recent price downturn, purchasing 750 million DOGE, signaling strong confidence in the memecoin. This large-scale accumulation was highlighted by crypto analyst Ali (@ali_charts), who suggested that the move reflects institutional and high-net-worth investors taking advantage of lower prices to expand their holdings.
Historical Cycles Suggest DOGE Could Reach New Highs
Crypto trader @DimaPotts36 outlined Dogecoin’s past market cycles, suggesting that the asset follows a predictable four-year pattern. According to historical data, the first cycle peaked 1,442 days after its initial high, recording a 21,821% surge from the cycle’s low.
$DOGE $10+ DOGECOIN?! 🚀🚀
This weekly chart of #DOGECION illustrates the final peak of each cycle over the past two cycles, with peaks occurring approximately every four years.
• The first cycle peaked 1442 days after its initial peak, seeing Dogecoin surge by +21,821% from… pic.twitter.com/uGZZ1blrdl
— ÐOGECAPITAL (@DimaPotts36) February 5, 2025
The second cycle mirrored this timeline, reaching its peak 1,442 days later with an even greater increase of 54,890%. Based on this pattern, the next major DOGE peak could occur around April 14, 2025. The analyst believes growing adoption, institutional interest, and technological advancements could drive DOGE’s price beyond previous cycle highs.
Market analyst @cas_abbe pointed out similarities between the current DOGE price structure and past trends. Notably, a significant crash followed by weeks of consolidation in Q3 2024 resembled prior patterns that preceded a sharp rally.
In previous instances, this setup resulted in a 300% price surge within four to six weeks. The analyst expects a similar breakout if historical trends hold, reinforcing bullish sentiment among traders.
$DOGE fractal looks very similar to Q3 2024.
A big crash followed by a few weeks of consolidation.
After that, DOGE went on a parabolic rally and pumped 300% in just 4-6 weeks.
I think this time it won’t be any different. pic.twitter.com/5KLLqbDKBr
— Cas Abbé (@cas_abbe) February 6, 2025
DOGE Price Declines Despite Bullish Predictions
Despite the optimistic outlook, Dogecoin’s price has faced short-term declines. According to CoinGecko, DOGE is currently priced at $0.2629, reflecting a 1.84% drop in the past 24 hours and a 20.76% decline over the past week.
The sharp pullback has not deterred large investors, as evidenced by the recent whale accumulation. Many traders are now watching whether these historical patterns will repeat, potentially driving DOGE to new highs in the coming months.
Read also: Buying Bitcoin (BTC) Tokens in 2025 Is a Bad Idea: Expert Analyst Reveals
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