A well-known analyst named Master Kenobi claims that Dogecoin (DOGE) has so far shown traits of mirroring its past cycle. He pointed out in a tweet that the current pump started with four consecutive weeks of gains and then fell two weeks.
By the end of this week it will be obvious if this trend persists, thus indicating DOGE’s next growth phase.
Possible milestones for DOGE: October and December projections.
According to Master Kenobi’s analysis, the next few weeks could be remarkable if this trend continues. He stated that looking closely at the chart, if the scenario of the previous cycle is repeated, in about two weeks – around October 28 (see Q1) – DOGE should reach the green line, which represents approximately $0.39.
Around December 1 (see Q2), DOGE could reach the orange line after another five weeks. As unbelievable as it sounds, nothing stops me from imagining it: if this were to happen, DOGE would be at $2.7 in December.
The community has been interested in this forecast, as it suggests a significant rally should market dynamics follow past trends.
In addition, as we noted above, new network activity further supports this potential move higher. At an eight-month high, the active Dogecoin address count now stands at 133,880. This rise points to growing involvement among DOGE users and holders.
Moreover, according to CNF, the previous week saw 2.07 billion DOGE accumulated by large investors, the largest accumulation since January 2024. Particularly among large holders who appear to be positioned ahead of potential market changes, this pattern shows new interest in DOGE.
Meanwhile, DOGE is changing hands around $0.1215 at the time of this writing. It has gained 13.45% in the past week and shows a 1.17% gain in the past 24 hours.