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- Dogecoin may follow a pattern similar to its previous cycle, with a potential rally by late October.
- The accumulation of 2.07 billion DOGE by whales indicates growing interest in the Dogecoin network.
A well-known analyst called Master Kenobi claims that Dogecoin (DOGE) has thus far displayed traits of reflecting its past cycle. He noted in a tweet that the present pump started with four straight weeks of gains then dropped two weeks.
It will be obvious by the end of this week whether this trend persists, therefore indicating DOGE’s next phase of growth.
Potential Milestones Ahead for DOGE: October and December Projections
Based on Master Kenobi’s analysis, the next several weeks could be noteworthy if this trend maintains. He stated that looking attentively at the chart, if the scenario from the previous cycle repeats, in about two weeks—around October 28th (see P1)—DOGE should reach the green line, which represents roughly $0.39.
#DOGE speculation and dreams time 🤑
So far, #DOGE seems to be following the same pattern as the previous cycle. The pump began with four green weeks followed by two red ones. By the end of this week, we’ll find out if the pattern continues, confirming another step up.
If it… pic.twitter.com/YelU0HwAgM
— Master Kenobi (@btc_MasterPlan) October 15, 2024
About December 1st (see P2), DOGE might reach the orange line after yet another five weeks. Though it sounds amazing, nothing stops me from picturing—should it happen, DOGE in December would be at $2.7.
The community has become interested in this prognosis since it suggests a significant gathering should the dynamics of the market follow past tendencies.
Beside that, as we previously noted, new network activity supports this possible upward movement even more. The greatest level in the past eight months, the count of active Dogecoin addresses now stands at 133,880. This raises points to increasing involvement among DOGE users and holders.
Furthermore, according to CNF, the previous week saw 2.07 billion DOGE accumulated by whale investors—the highest accumulation since January 2024. Particularly among big holders who seem to be positioned ahead of possible market changes, this pattern shows a new interest in DOGE.
Meanwhile, DOGE is swapping hands about $0.1215 as of writing. It has gained 13.45% over the last week and shows a 1.17% increase over the last 24 hours.
