Dogecoin price is under downward pressure; however, a well-known crypto analyst highlights that DOGE is still going through a long-term cycle that could result in a significant price rise in 2026. The short-term looks bearish for the cryptocurrency, although there have been some early signs of buying interest.
At the time of writing, DOGE is trading at $0.07526, down 1.22% over the last 24 hours. The DOGE recorded $1.04 billion in 24-hour trading volume, while its market capitalization stood at $12.73 billion.
Also Read | Polymarket Sued in New York Over Strategy Bitcoin Market Payouts
Dogecoin Price Follows Rare Six-Year Cycle
A well-known crypto analyst, Trader Tardigrade, gave a long-term prediction on July 7, 2026, indicating that rallies in the Dogecoin price action occur in growing market cycles.
According to the Trader Tardigrade, Dogecoin had its first big upsurge in 2017 and was followed by another upturn in 2020, which occurred after three years. This time, the Tardigrade feels that the third wave will be witnessed in 2026, after six years.
Another observation by the Trader Tardigrade was that the time between each rally was twice that of the previous one. Should this trend continue, the next occurrence might be in 2038.
While historical cycles cannot predict future behavior, most investors pay attention to these trends due to Dogecoin’s tendency to experience prolonged periods of sideways movement before large rises.
Why DOGE Price Could Be at an Important Stage
The reason why the Dogecoin price is currently interesting is that it remains at or near a significant level of support as talks of a cycle are becoming more popular.
Dogecoin has continued to be one of the best-known cryptos owing to its wide community support and adoption in the crypto space. In past bull cycles, Doge showed impressive returns on investment compared to other major cryptos.
However, the market professionals warn that past trends cannot predict future prices. All factors like the Bitcoin trend, the general cryptocurrency market situation, investors’ interest, and the world economy will affect the future movement of the Dogecoin price.
At this point, the idea of expanding the cycle can be seen as a potential guide instead of a confirmation of an ongoing rally.
DOGE Price Tests Key Resistance
The short-term Dogecoin price chart keeps sending out contradictory signals. The Dogecoin price is hovering around $0.07470 and is under the mid-Bollinger Band of $0.07718, implying that the sellers have the upper hand for now. The upper Bollinger Band is found at $0.08484, while the lower Bollinger Band is at around $0.06951.
Should the DOGE price break past $0.07718, the buying pressure may gain strength and send the token higher. But if the sellers take control, the price may drop back to $0.06951.
At the same time, the MACD histogram 0.00077 has turned positive, suggesting that the buying pressure is gradually getting better. Also, the MACD line -0.00326 has crossed above the signal line -0.00403, which is usually viewed as a bearish divergence.
Nonetheless, both signals are still below the zero line; thus, buyers will require more buying power to reverse the whole trend.
Can Dogecoin Price Break Higher?
The coming days may be crucial for the DOGE price. An increase beyond the middle line of the Bollinger Bands will be positive for the near-term trend and may encourage further buying. However, an inability to maintain the current support level will see DOGE remain range-bound.
Bitcoin will also be closely monitored by investors, as the history of Dogecoin shows that it moves in sync with the overall cryptocurrency markets during big rallies and pullbacks.
As the expanding cycle theory of Trader Tardigrade raises hopes for Dogecoin bulls, DOGE price performance will ultimately depend on increased buying and better technical signals.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read | Coinbase Expands UK Services With New MiFID License Approval
