"Dogecoin, New All-Time High Is Still Far Away"...The Real Explosion Point Indicated by the XRP Fractal

▲ Dogecoin (DOGE)/ChatGPT generated image

Dogecoin (DOGE) appears to be following a similar trend to XRP's past long-term price structure. Furthermore, an analysis suggests that the next challenge for an all-time high may only fully materialize in mid-to-late 2028.

NewsBTC reported on May 6 (local time), citing a comparative chart of Dogecoin and XRP fractals shared by analyst Charting Guy, that Dogecoin has not yet fully escaped its multi-year price compression phase. The chart superimposes XRP's past price structure onto Dogecoin's weekly chart, showing that Dogecoin remains within a large symmetrical triangle structure that began after its surge in 2021.

This fractal does not indicate an immediate vertical surge for Dogecoin. The chart suggests that Dogecoin is likely to continue the long-term correction and base-forming process that XRP experienced throughout the remainder of 2026 and into 2027. A full breakout phase may only begin after this convergence structure approaches its apex, with a strong acceleration phase indicated around mid-2028.

The timing for re-challenging the all-time high also leaned towards long-term trends rather than short-term. Dogecoin's previous high was marked near the Fibonacci 1.0 level, approximately $0.7605. The fractal forecast suggests that Dogecoin will not immediately surpass this level in the near future, but rather will undergo significant compression for a considerable period before potentially retesting the previous high in late 2028.

Charting Guy had previously evaluated in January that this structure could have a positive meaning for the Dogecoin cycle. He believed that if this trend holds, the worst phase might be over. However, this analysis does not immediately suggest a sharp upward price target, but rather interprets that Dogecoin may be in a pre-strong expansion phase after a deep decline within a larger market structure.

The chart also indicated several Fibonacci extension levels above the previous high. The upper levels included areas near $1.451, $1.607, $2.362, and $4.130, but Charting Guy drew a line, stating that the chart does not directly imply Dogecoin reaching $4. He explained that fractals are not tools to confirm price targets but rather reference indicators for comparing price structures and time flows.

Intermediate levels that Dogecoin must pass through before challenging its previous high were also presented. Key Fibonacci levels were marked in order: $0.107, $0.139, $0.193, $0.267, $0.336, $0.423, and $0.559. The analysis suggests that gradually recovering these levels would open up the possibility of retesting the past high of $0.7605.

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