Dogecoin’s current trading price is around $0.18, following a significant drop of over 29% in the past week. The asset also experienced a 9% decrease within just the last day.

Despite this downturn, analysts refer to established price patterns that might repeat, indicating a potential rebound. If the upcoming movements adhere to historical trends, an upward shift could be imminent.

Repeating Market Cycles

A chart from Bitcoinsensus illustrates several repeating cycles in Dogecoin’s past. Each cycle initiates with a steep decline, moves into a prolonged stagnation, and eventually results in a vigorous rally.

_"$DOGE MONTHLY MACRO CYCLES 📐📈" Could $7 be the next target within this trend? Previous price data shows that Dogecoin has consistently adhered to similar market structures, culminating in substantial spikes at the cycle’s conclusion. 💥 If the previous patterns repeat, we could see… chart. — Bitcoinsensus (@Bitcoinsensus) October 16, 2025.

In Cycle 1, profits soared by over 5,800% upon completion. Cycle 2 surpassed this, achieving over 21,000% and hitting $0.74 in 2021. Indicators suggest that Cycle 3 is already underway, and as long as the structure remains intact, prices might aim for the $5 to $7 range.

Potential Rebound

An analysis by Trader Tardigrade shows a weekly perspective of Dogecoin, indicating a promising lower wick akin to those seen before prior surges. The framework implies that DOGE might be at the tail end of a correction, potentially paving the way for a fifth wave that could escalate prices toward $1.50.

If the trend continues, and if Dogecoin maintains a strong demand, this could yield an upward journey beyond $1. However, this progress hinges on effective buying pressure over time.

Current Market Overview

Currently, Dogecoin holds the title as the largest decliner among the top 20 cryptocurrencies, priced at roughly $0.18, with a trading volume exceeding $3.6 billion within 24 hours. Furthermore, the recent establishment of House of Doge in partnership with Nasdaq is likely to bolster its market presence in the long term, while traders keep a keen eye on vital metrics to speculate on potential price upswings.