Trading expert sets date when Dogecoin will hit $2

A new technical analysis by TradingShot suggests Dogecoin (DOGE) could reach $2 by mid-2028, despite expectations for additional downside pressure in the near term. In a TradingView post published on July 23, TradingShot argued that Dogecoin remains in the latter stages of a long-term market cycle. According to the analysis, the meme cryptocurrency is currently trading within Cycle 4 of its broader market structure and has yet to establish a definitive bottom.

The forecast comes as Dogecoin continues to trade below $0.10, extending a prolonged consolidation period since its 2021 peak. By press time, DOGE was trading at $0.

07, down about 3.5% over the past week. Before any major rally begins, TradingShot expects Dogecoin to face further downside.

The analyst identified the upper boundary of the asset’s four-year support zone near $0.058 as the likely area where the current cycle could bottom. Dogecoin price analysis chart.

Source: TradingView The analysis also noted that the Cycle Score indicator has historically entered its buy zone before previous long-term rallies developed. Based on that pattern, the current correction may need additional time before a sustainable uptrend emerges. This outlook implies a potential decline of roughly 20% from current levels before the next major bullish phase begins.

Dogecoin’s second Super Cycle While the near-term outlook remains cautious, TradingShot maintained a highly bullish long-term view. The analyst believes Dogecoin is progressing through the second phase of what is labeled “Super Cycle 2,” a period that has historically produced the strongest advances in previous market cycles. According to the outlook, more than 1,000 days must pass from the Cycle 3 peak before the final parabolic stage can begin.

Once that condition is met, Dogecoin is expected to follow a pattern similar to previous cycles and advance toward the 0.618 Fibonacci channel level. Based on the projected trajectory of that Fibonacci channel, TradingShot est