Dogecoin may not be done with its multi-year compression phase yet as a new XRP fractal chart from analyst Charting Guy continues to follow. The setup suggests that DOGE’s next decisive run to a previous cycle high could arrive around mid-2028, with the chart mapping an extended base before any attempt at a breakout.
Mapping guy shared the updated DOGE/XRP fractal on May 4, simply writing: “DOGE with XRP fractal update 👀.” The chart overlays an XRP-style historical price structure on the weekly Binance chart of Dogecoin, and shows DOGE trading near $0.107 while still within a wide multi-year triangle that began after the 2021 blow-off top.
What this could mean for the Dogecoin price
The projected blue fractal line shows no immediate vertical expansion. Instead, it charts a slow, arduous path through the rest of 2026 and into 2027, with DOGE continuing to work toward the same kind of long-term post-euphoric consolidation that defined XRP’s previous cycle structure. The actual breakout phase would not begin until after the pattern approaches its top, according to the overlay, with the major acceleration appearing closer to mid-2028.
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That’s where the question of all time becomes relevant. DOGE’s previous peak is around the Fibonacci level of 1.0 at around $0.7605. The fractal projection does not place Dogecoin neatly above that zone in the short term; rather, it implies that the asset would have to spend significantly more time compressing before retesting the upper cycle range. If the XRP fractal holds, DOGE’s new all-time high attempt would likely occur in late 2028, and not during the early stages of the current structure.
Charting Guy had already described the setup in January as a constructive development for DOGE’s cycle position. At the time he wrote: “The good thing is that if this happens, the worst is over… DOGE.” That earlier comment is important because the fractal is less about a linear price target than it is about where DOGE might sit in a larger market structure: after the deepest downside, but before the strongest expansion phase.
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The chart also includes several Fibonacci extensions above the previous high, including levels around $1,451, $1,607, $2,362, and $4,130. Those levels caught users’ attention, with one commenter asking, “$4? That’s it.” Charting Guy pushed back on that interpretation, responding that the chart “doesn’t imply that,” indicating that the fractal should not be read as a direct promise of a $4 DOGE target.
Before DOGE could ever challenge its former record, the chart shows several Fibonacci levels acting as potential waypoints. The first major levels on the way up are the 0.236 Fib near $0.107, followed by the 0.382 level near $0.139, the 0.5 level near $0.193, the 0.618 level around $0.267, the 0.702 level near $0.336 and the 0.786 level around $0.423. Above that, the 0.888 Fib is near $0.559, before DOGE would reach the previous cycle’s high zone, marked around $0.7605.
At the time of writing, DOGE was trading at $0.11188.
Featured image created with DALL.E, chart from TradingView.com