[Digital Today reporter Jinju Hong (홍진주)] Dogecoin (DOGE) is again nearing the lower end of a long-term rising channel, raising the prospect it could peak in spring 2028 in the next bull market.

On June 18, blockchain outlet Decrypt reported that market analyst ChrisPax, in a post on X, laid out a recovery timeline and a scenario for the next peak based on Dogecoin’s 3.5-year cycle pattern.

The focus is the current price range. Dogecoin is trading near the lower boundary of a bundle of rising trend lines that has guided its price action for more than 10 years. The analyst said the area overlaps with where major bottoms formed in the past. In 2015 and in March 2020, Dogecoin found support near the channel’s lower band and then rallied sharply.

In the 2020 example, Dogecoin fell after reaching the channel’s top from $0.018 in January 2018, and in March 2020 it slid to $0.00134, forming a bottom. The price was slightly below the lower trend line at the time but later rebounded. Dogecoin is now at $0.084, which the analyst said is effectively scraping the bottom when viewed on a logarithmic chart.

He did not rule out further declines. He said Dogecoin could temporarily dip below support as the current bear market continues, and only then form a more solid bottom. There may be downside pressure in the short term, but he judged that the long-term channel structure remains intact.

Another pillar of the analysis is a repeating bull-market pattern. The chart marks three major bullish periods in 2017, 2021 and 2024. Each showed a similar rhythm in which a long correction and weakened investor sentiment were followed by renewed upside momentum. Dogecoin hit an all-time high of $0.74 in 2021 and then entered a correction phase lasting more than 3 years. It later rebounded from a support trend line in August 2024 and recorded $0.484 as the high for this cycle.

ChrisPax also highlighted similarities to the previous cycle. Dogecoin began gaining momentum from November 2020 and surged sharply for several months in early 2021. If the same pattern continues, he forecast that stronger upside momentum could start in late 2026 and continue throughout 2027.

On the timing of a peak, he pointed to spring 2028, specifically around March, based on the 3.5-year cycle theory. He said he could not guarantee the pattern repeats perfectly, but noted that the timing of past bottoms and peaks has been relatively consistent.

The price target was set around whether Dogecoin can reach the top of the rising channel again. On the chart, Dogecoin tested the channel top in every previous cycle without exception, and he calculated it could target at least that area this time as well. That would put the target price at about $2.1. Compared with the current price of $0.084, that implies upside potential of about 2,400 percent.

The market needs to note that the forecast is a long-term scenario based on technical analysis. The analyst also mentioned the possibility of additional weakness and uncertainty about cycle repetition. As a result, the next focus is likely to be whether Dogecoin holds the current lower support area and whether upside momentum actually builds after late 2026, rather than short-term price swings.

Following my 3 1/2 year Dogecoin cycle theory, we should see $DOGE hit its next cycle high in the Spring of 2028. Using a logarithmic chart, based on percentages, Dogecoin is now scraping the bottom and could fall below the red line as the 2026 bear market continues. But I look… pic.twitter.com/PhMeWR7owV