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Doge has been under pressure in recent days, with its price plummeting over 35% in the past month, dropping to a local new low of $0.14. Despite intermittent price rebounds, Doge's trend remains relatively weak, currently retesting the long-term trend line since its historical high in 2021.
Some speculate how long this pullback will last and when the next significant reversal will begin. A cryptocurrency analyst's technical prediction suggests that Doge is still expected to reach a new high in August.
Estimating Doge's Top Formation
Cryptocurrency analyst Javier posted on the social media platform X, showcasing the repeated pattern of how long Doge typically takes to form bottoms and tops, drawing attention to its performance in major bull market cycles. According to the chart and notes shared by the analyst, historical bottoms are usually formed within 112 to 133 days, averaging around 122 days.
Meanwhile, Doge's cycle tops have historically formed within 91 to 119 days, averaging around 107 days. These durations have remained consistent across multiple cycles since 2017. The following chart visually demonstrates this trend, highlighting four different breakouts and corrections from 2017 to the current cycle.
Data shows that Doge (DOGE) is currently experiencing a similar stage. According to the analysis, Doge dropped to a low of around $0.14 in April. Interestingly, despite a significant drop in the past 24 hours, Doge seems to have maintained this low point.
The current price trend is moving towards a new peak, typically taking 119 days on average. More notably, the analyst points out that in any previous cycle, the maximum time Doge took to reach its peak was 119 days. If this scenario repeats, the analysis suggests that August 4, 2025, is likely to be the peak of the current price trend. This means a strong upward movement might occur soon before the next reversal hits a new low. Based on the current situation, the reversal is expected to begin within the next 14 to 49 days.
Reversal Window Between Mid-July and Early August
The analyst predicts that if the current pattern holds, the next significant Doge reversal could occur anytime within 49 to 14 days before the expected peak on August 4. This implies that Doge's price might experience a bottom and new high from now until mid-July to early August.
This means Doge may still experience short-term downward movement or sideways consolidation before re-entering a bullish trend. As of writing, Doge is trading at $0.1642, up 5.7% in the past 24 hours.
