---
title: "Is a New Dogecoin (DOGE) Bull Run on the Horizon? These Analysts Think so"
url: https://diffcoin.com/is-a-new-dogecoin-doge-bull-run-on-the-horizon-these-analysts-think-so/
description: "\"We won't believe DOGE will be $2, $9, and $40,\" one analyst said."
published: 2024-04-05
updated: 2024-04-05
author: "Mila"
site: "Diffcoin"
---

# Is a New Dogecoin (DOGE) Bull Run on the Horizon? These Analysts Think so

**TL;DR**

- Dogecoin experiences a 10% weekly price decline after the recent bull run, following a broader market correction.
- Predictions for DOGE’s price include significant increases, with discussions on its potential for reaching new ATH.

Dogecoin (DOGE) is among the worst-affected cryptocurrencies (from the top 10 list) from the latest market correction, with its price tumbling by 10% weekly. Recall that several days ago, the situation was completely different, and the valuation of the meme coin surged above $0.22 for the first time since November 2021.

![DOGE Price](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCA4NTIgNTc1IiB3aWR0aD0iODUyIiBoZWlnaHQ9IjU3NSIgZGF0YS11PSJodHRwcyUzQSUyRiUyRmNyeXB0b3BvdGF0by5jb20lMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjQlMkYwNCUyRkRPR0UtUHJpY2UucG5nIiBkYXRhLXc9Ijg1MiIgZGF0YS1oPSI1NzUiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

DOGE Price, Source: CoinGecko

Numerous analysts believe DOGE will soon rebound and rally towards new peaks. One example is the crypto content creator using the X handle Trader Tardigrade, who recently [claimed](https://twitter.com/TATrader_Alan/status/1774766881544823151?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1774766881544823151%7Ctwgr%5Ef8e7a57e98e13aaa54ea7457e9623cfbd24069f1%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.benzinga.com%2Fmarkets%2Fcryptocurrency%2F24%2F04%2F38078481%2Fdogecoin-running-the-cycle-of-7-years-says-trader-we-wont-believe-doge-will-be-2-9-40) that Dogecoin runs the “Cycle of 7 years.” They compared the asset’s price performance with the one from years ago to set $2, $9, and even $40 as future price tags:

> “We can see a similar price action in the first half of the current cycle, compared to that of last cycle. When we were at $0.0007 in 2017, we never believed DOGE would spike to $0.003, $0.009 & $0.35. Today we are at $0.22, we won’t believe DOGE will be $2, $9 & $40. Don’t miss the opportunity. History repeats.”

Another crypto enthusiast with half a million followers – Mayne – touched upon the asset’s current market performance and envisioned two possible scenarios. DOGE could lose support at around $0.18 and enter a “much larger correction, or bulls may step in and “the party continues.”

> [$DOGE](https://twitter.com/search?q=%24DOGE&src=ctag&ref_src=twsrc%5Etfw)
> 
> Big spot here for Doge imo.
> 
> Bulls really want this area to hold, I think losing support here opens the door for a much larger correction.
> 
> RR skewed positively for longs, if we hold and can reclaim that old high the party continues. [pic.twitter.com/HgSX60XuXv](https://t.co/HgSX60XuXv)
> 
> — Mayne (@Tradermayne) [April 3, 2024](https://twitter.com/Tradermayne/status/1775390605725614471?ref_src=twsrc%5Etfw)

Previously, Rekt Capital and the early Bitcoin adopter Davinci Jeremie outlined bullish forecasts, too. The former argued that DOGE could rally toward $0.30 due to the beginning of a new “macro trend,” while the latter opined that the meme coin is an asset investors should have in their portfolios.

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