"Dogecoin, new all-time high is still far off"...The real explosion point indicated by 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 might only truly begin 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 emerged from a multi-year price compression phase. The chart overlays XRP's past price structure onto Dogecoin's weekly chart, showing that Dogecoin is still within a large symmetrical triangle structure that began after its surge in 2021.

This fractal does not indicate an immediate vertical surge for Dogecoin. According to the chart, Dogecoin is likely to continue the long-term consolidation and base-forming process that XRP experienced during 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 period marked for around mid-2028.

The timing for re-challenging the all-time high also emphasizes long-term trends over short-term ones. Dogecoin's previous high was marked around $0.7605, which is the Fibonacci 1.0 level. The fractal forecast suggests that Dogecoin is unlikely to immediately surpass this level in the near future; instead, it indicates a possibility of retesting the previous high in late 2028 after a significant period of compression.

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 true, the worst period might be over. However, this analysis does not immediately suggest a sharp upward price target but rather interprets that Dogecoin might be in a phase preceding strong expansion after a deep decline within a larger market structure.

The chart also indicates several Fibonacci extension levels above the previous high. The upper levels include around $1.451, $1.607, $2.362, and $4.130, but Charting Guy drew a line, stating that this 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 clear before challenging its previous high were also presented. The main Fibonacci levels were marked in sequence: $0.107, $0.139, $0.193, $0.267, $0.336, $0.423, and $0.559. The analysis suggests that recovering these levels step by step will open up the possibility of retesting the past high of $0.7605.

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