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Crypto analyst says Dogecoin could repeat 2021 cycle to hit around $7
Crypto analyst says Dogecoin could repeat 2021 cycle to hit around $7 originally appeared on TheStreet.
Popular crypto expert, known as @CryptoKaleo on X, is eyeing a Dogecoin breakout soon enough.
The pseudonymous expert shared a price analysis chart on X on Aug. 13, which showed similarities between the 2021 and current cycles.
@CryptoKaleo highlighted that in January 2021, Dogecoin dipped in value following months of accumulation within a descending range. But the move was followed by a sharp breakout, which saw the meme coin surging by more than 8,000% to reach an all-time high (ATH) of $0.7376 on May 8, 2021.
The analyst argued that DOGE is ready to make a similar move to that of January 2021, which he hopes will trigger the next epic breakout.
Well, the meme coin's price trajectory since July 2021 has been nothing but a series of accumulations within descending ranges followed by modest breakouts.
As per @CryptoKaleo, it's time for an epic breakout on the chart similar to what we witnessed in 2021.
Join the discussion with Scott Melker on Roundtable here.
The popular analyst is eyeing a price of $6.9420 for Dogecoin. They also expect crypto treasury firms to buy DOGE worth billions of dollars. We have recently seen Bit Origin (Nasdaq: BTOG) adopting a DOGE treasury strategy.
The recent whale activity also requires our attention. Another popular analyst, known as @ali_charts on X, highlighted how DOGE whale activity was recently at a one-month high.
"Expecting the god candle to initiate from there," @CryptoKaleo added.
At press time, Dogecoin was trading at $0.2244 For it to hit the analyst's target of $6.9420, it needs to surge by more than 3,000%.
Story ContinuesDisclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.
Crypto analyst says Dogecoin could repeat 2021 cycle to hit around $7 first appeared on TheStreet on Aug 14, 2025
This story was originally reported by TheStreet on Aug 14, 2025, where it first appeared.
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